The Chancellor made the claim as prepared the ground for major changes in Britain's state-owned banks, suggesting that RBS could be broken up and shares in Lloyds Banking Group sold off before the election.

When Ian Livingston delivered BT's annual results, he had no idea that within six weeks he would be announcing his departure to take over from Lord Green as trade and investment minister.

Ben Bernanke, Federal Reserve chairman, offered the firmest timeline yet for tapering US central bank asset purchases, saying bond buying by the US central bank could be slowed this year and end altogether around the middle of next year.

By David Milliken. LONDON | Wed Jun 19, 2013 9:02pm BST. LONDON (Reuters) - Britain's economic recovery is not yet secure and more needs to be done to ensure the country's banks no longer pose a threat to taxpayers, Bank of England Governor ...

Dalian Wanda Group (DLWGCZ), the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe's tallest residential tower.

Government plans to privatise the Royal Mail could be hit after a boycott by thousands of postal workers moved a step closer today.

Pre-tax profit was �12.2m compared to �28.5m the previous year. The dip was expected following a warning last month. Imagination said the microchip makers who license its designs had put deals on hold while some shift their focus away from the fierce ...

Passenger satisfaction on the railways is dipping, with value for money and how companies deal with delays being the biggest cause for complaint, according to a survey of thousands of train customers.

A payday lender which sent �irresponsible� spam text messages which encouraged people to borrow money for a �night on the town� has been rapped by the Advertising Standards Authority.

JD s figures have been hit by its support for the troubled Millets and Blacks chains. Picture: PA. By KRISTY DORSEY Published on 19/06/2013 19:24.