The admission that the BBC has blown nearly �100m of licence fee payer's money on a monumentally bungled Digital Media project is the latest episode in a saga of corporate profligacy and embarrassing slip ups.

By Matt Scuffham. LONDON | Fri May 24, 2013 4:15pm BST. LONDON (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its capital position.

Britain's gas supplies ran "dangerously" low in March as high demand in cold temperatures and overseas supply problems coincided.

News Corp, which will separate its highly profitable television and entertainment arm from its troubled newspaper and book publishing assets next month, set out plans for the new structure on Friday, ahead of a meeting with investors next week.

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.

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.

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.

Fri May 24, 2013 7:05am EDT. For other related diaries, please see; DIARY - U.S. Federal Reserve DIARY - Polling Unit Diary DIARY - Key World Financial Events DIARY - Political and General news DIARY - Index of all Diaries DIARY - G7 Economic ...

Royal Bank of Scotland (RBS) was hit by another IT failure on Friday morning that left customers unable to access their accounts through the mobile banking app.

CALLS are growing for a public inquiry into failures to clean up coal mines across Scotland after a new report revealed a potential �60m shortfall in funds for one region alone.