The BBC has scrapped a �98m digital production system, which its director general said had "wasted a huge amount of licence fee payers' money".

Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers. The freeze does not apply to individual retail customers.

Fears over the UK's continuing energy security were fuelled today after a report claimed Britain came dangerously close in March to its gas supply running out and its lights being switched off.

U.S. factory sector appears to be slowing slightly, according to an early reading of May activity released Thursday. The flash purchasing managers' index compiled by data provider Markit fell to 51.9 in May from a final April reading of 52.1.

News Corp has adopted a �poison pill� to avoid anybody building a stake to challenge Rupert Murdoch's near-40 per cent voting control as his family media empire splits into separate entertainment and publishing businesses.

Procter & Gamble just made an unusual admission: It didn't truly earn the recent rally in its stock price. Shares of the consumer-products giant have risen 26% over the last year, beating rival Colgate-Palmolive and, until very recently, only trailing Unilever by a ...

Mortgage approvals edged up in April, with banks expecting to sign off more loans to would-be homeowners as schemes to help first-time buyers take root.

BRUSSELS--Europe must create a single resolution mechanism backed by a common pool of money to help wind down struggling banks, European Central Bank Vice President Vitor Constancio said Friday.

British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.

Tesco revealed that it paid �3m to two outgoing directors as executives lost out on their bonuses after the worst slump in profits in the company's history.