If City analysts are right, Severn Trent chief executive Tony Wray should be celebrating his final annual figures at the helm with a glass of champagne rather than the tap water the listed utility supplies to 3.7m homes and businesses.

THE Co-operative may claim to be good with food, but it's not proving to be so good with money. A big hole has emerged in the balance sheet of its banking business, which is now burdened with the same sort of problems that hit its bigger rivals.

Britain has challenged Europe to sign up to an ambitious target of cutting carbon emissions by 50 per cent by 2030. Ed Davey, the Climate Change Secretary, called on fellow EU governments to sign up to the target as part of a global climate agreement in ...

THE brokers for the �3 billion flotation of Royal Mail are expected to be announced this week, as trade unions claim that the government may yet push for an outright sale of the business.

The first official government admission that Iain Duncan Smith's flagship plans to remake the welfare state has hit trouble emerged on Friday night when the Cabinet Office's review of all major Whitehall projects branded the universal credit programme as ...

Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.

The euro zone has been reminded lately that although investors are showing renewed confidence in its financial markets that its crisis is still simmering below the surface.

Activity in the vital services sector increased, according to the latest Markit PMI survey for April giving the clearest indication yet that the economy is improving.

Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.

Bank of England Markets Director Paul Fisher said policy makers must continue to provide support to the British economy as companies and consumers reduce debts and rebuild confidence.