The struggling bus and train operator FirstGroup tapped investors for �615 million to cut debts and axed the dividend as profits slumped.

... Off. � FTSE 100 flirts with a 13-year high � FirstGroup launches rights issue as profits crash � Rightmove: Average house price hits record high � Japan upgrades economic growth outlook � UK business chiefs say 'we need to stay in EU' � Yahoo agrees to buy ...

LONDON | Mon May 20, 2013 12:50pm BST. LONDON (Reuters) - British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.

The independent board of Eurasian Natural Resources Corp has rejected a proposed offer by the embattled London-listed miner's billionaire founding shareholders to take it private.

In the letter to the leaders of ten crown dependencies and British overseas territories David Cameron said he backed their right to low tax jurisdictions, but insisted rules needed to be set and enforced fairly.

Helped by the warmer weather, footfall on the high-street rose 3.4pc year-on-year in April, the biggest increase since the run-up to Chrismtas in 2011.

The board of Yahoo agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, a signal of how Yahoo plans to reposition itself in the age of social media, The New York Times reports, citing people with direct knowledge of the ...

The Ernst & Young Item Club, which makes economic forecasts using the Treasury's own methods, says inflation has cost the UK �10bn over the last three years alone.

Europe has demanded that all depositors be given preferential treatment over debt holders in the event of a bank collapse, in contrast to Britain's statutory position that the protection is limited only to �insured� deposits of up to �85,000.

The price of a new home in London soared by almost 7 per cent in April as first-time buyers fought to get on to the property ladder.