The BBC has admitted that it has wasted almost �100m on a technology project that was designed to make the corporation "tapeless", and has closed it to stop it "throwing good money after bad".

The Co-operative Bank has closed its doors to new corporate customers as it tries to repair its balance sheet after its bonds were downgraded to �junk� status.

Fears over the UK's continuing energy security were fuelled today after a report claimed Britain came dangerously close in March to its gas supply running out and its lights being switched off.

The UK's blue chips could not stop the rot on Friday as the Footsie kept tumbling ahead of a three-day break from trading in London.

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 ...

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.

A number of U.K. government programs intended to boost bank lending to small firms and home-buyers have yet to have a major impact, data released on Friday shows, and this failure is likely to hinder efforts to generate a sustained pickup in economic ...

The European Central Bank said the value of payments processed through the Target2 payment system rose last year, partly due to increased activity by central banks.

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.

By Michael Northcott Friday, 24 May 2013. The UK's largest retailer has written a cheque for a massive �3m to just two outgoing directors, even though the management team all missed out on their bonus.