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

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.

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.

NEW YORK (AP) - Procter & Gamble shares approached their all-time high on Friday after the world's largest consumer goods maker said current CEO Bob McDonald is retiring and his predecessor A.G.

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.

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.