Lloyds Banking Group has done �absolutely the right thing� to ensure that its customers get compensation for mis-sold payment protection insurance, its chief executive told MPs yesterday.

Bill Grimsey, the former chief executive of the DIY chain Wickes and Iceland stores, has attacked the retail expert Mary Portas for giving "false hope" to Britain's high streets.

The G8 leaders have made some progress in the battle against tax avoidance - but there is still a long way to go. 8:14pm UK, Tuesday 18 June 2013.

Federal Reserve officials both expect and want inflation to be higher than it is. So far, that isn't happening. Consumer price data released Tuesday showed inflation rose a mere 1.4% in May from a year earlier.

Mark Carney has made his first big appointment as incoming Bank of England Governor, hiring a senior executive from Santander to oversee day-to-day operations.

A call centre made famous by a BBC reality TV series has been fined �225,000 for harassing families with nuisance calls. The BBC has portrayed the company's millionaire boss 'Big Nev' Wilshire as a lovable rogue, a consumer champion and even a hero.

U.K. stocks climbed, sending the benchmark FTSE 100 (UKX) Index higher for a fourth day, as the Federal Reserve began its two-day meeting on monetary policy.

LONDON�British prosecutors filed fraud charges Tuesday against former UBS AG and Citigroup Inc. trader Tom Hayes, the first criminal charges by U.K.

The polarisation of the high street is showing no signs of slowing as new data reveals that discount chains Aldi and Lidl, along with high end grocer Waitrose, have won more customers this year than any of their supermarket rivals.

To passers-by, the red-brown earthy mound rising up from the path would probably warrant little more than a cursory glance. It looks like part of the steep bank which flanks the footpath cutting through this quiet corner of the Gloucestershire countryside.