The Ernst & Young ITEM Club said �the persistence of high inflation could undermine the Monetary Policy Committee's credibility� and �tie [its] hands�.

Prime Minister David Cameron wrote to the Cayman Islands and nine other U.K. territories to request action to tackle company tax evasion as Britain prepares to host the Group of Eight summit next month.

Marissa Mayer, the former Google executive who is now in charge of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry with the $1.1bn (�720m) acquisition of the blogging site Tumblr.

The retailer dispatches online orders destined for mainland Europe from the UK but bills the transaction to Ireland, according to documents seen by the Guardian.

Helped by the warmer weather, footfall on the high-street rose 3.4pc year-on-year in April, the biggest increase since the run-up to Chrismtas in 2011.

A UK Treasury analysis paper will say an independent Scotland could have "significant difficulties" providing protection for savers.

Sir Mervyn King has sounded the alarm over the Chancellor's home-buying plan, suggesting it could trigger a US-style economic crash.

BAE is moving toward naming its new chairman with the UK defence company's most influential stakeholders expected to make a decision by mid June.

FirstGroup is expected to announce that chairman Martin Gilbert is set to step down in an attempt to placate investors as it unveils plans for a �600m rights issue and cuts the dividend.

U.K.-listed Kazakhstan-focused Eurasian Natural Resources Corp. PLC (ENRC.LN) said Friday that it has received an indicative proposal from a consortium of buyers that materially undervalues the troubled miner and has asked the consortium to come back ...