The UK's banks have been told to find an additional �13.4bn of capital this year on top of the balance sheet-strengthening measures they had already been planning.

The Australian dollar might have grabbed headlines with its recent stomach-churning sell-off, but another asset is also taking a beating �down under� - the local stock market.

UK retail sales recorded a larger-than-expected rise last month, helped by a strong increase in food sales. Sales rose 2.1% in May from the month before, and were up 1.9% from a year earlier, according to the Office for National Statistics (ONS).

By James Davey. LONDON | Thu Jun 20, 2013 6:33am EDT. LONDON (Reuters) - British sales of tablet computers are booming, Europe's second-biggest electricals retailer Dixons said, underpinning profit growth and offsetting weak markets in ...

Asia: Weak China data, Fed tapering plans hurt sentiment LONDON (SHARECAST) - The Nikkei turned 1.74 per cent lower on Thursday as investors took fright at weaker than expected Chinese data and confirmation that the US Federal Reserve could start ...

Passengers travelling through the Channel Tunnel are being ripped off, the European Commission (EC) said today. The EC called on Eurotunnel, the owners of the rail link, to slash its �excessive� �32 per passenger return levy plus per train fee to use the ...

Britain should lead the way in producing genetically modified food because it would lower prices and free up the countryside, Owen Paterson will argue today.

LONDON | Wed Jun 19, 2013 11:42am BST. LONDON (Reuters) - The Financial Conduct Authority (FCA) has fined a property agent nearly a million pounds for defrauding vulnerable people, the largest-ever fine for a sole trader in the consumer sector.

Diageo said in May that Mr Walsh would step down as chief executive at the end of this month, after 13 years at the helm of the group that makes Gordon's Gin and Smirnoff vodka.

Ben Thompson, from the Legal & General mortgage club said that the "market as a whole is moving" and added that he expected to see a continued spike in lending to first-time buyers.