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.

The BBC has apologised after spending nearly �100m on a project which has been abandoned. James Purnell, the corporation's director of strategy and digital, said "everybody at the BBC is mortified" at the cost of the Digital Media Initiative, which never ...

Britain came within just six hours of running out of natural gas in March, it has emerged. A combination of bitterly cold weather and pipeline failures left the energy grid at breaking point, with experts warning that if the cold snap continued, rationing was ...

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.

Shares in London were on the slide again today as global stock markets reverberated from yesterday's mass sell-off. The volatile conditions mirrored markets in Asia overnight, which are plagued by concerns that Japan's bull-run - which had seen the stock ...

HSBC's controversial $1.9bn (�1.6bn) settlement deal with the US authorities over money laundering charges has stalled after a row between the justice department and the judge overseeing the case.

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.

The return of A.G. Lafley as Procter & Gamble's chief executive was welcomed by the stock market as P&G shares jumped nearly 4 per cent on Friday, while the company said he would be paid $2m a year.

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.

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.