The City today welcomed plans to overhaul Britain's banks but warned they could be resisted by the country's largest lenders.

Sir Mervyn was outvoted for a fifth consecutive month on extending the Bank's �375bn quantitative easing (QE) programme, as members voted 6-3 against expanding asset purchases.

Chinese property developer Dalian Wanda Group has said it will spend more than �1bn ($1.6bn) to buy a British yacht maker and develop a hotel in London.

LONDON | Wed Jun 19, 2013 12:18pm BST. LONDON (Reuters) - Telecom company BT said on Wednesday chief executive Ian Livingston would step down in September to take up a role as Minister for Trade and Investment in the British government.

FRANKFURT/LONDON | Wed Jun 19, 2013 11:34am BST. FRANKFURT/LONDON (Reuters) - Vodafone is discussing a bid of about $10 billion (6.4 billion pounds) with Germany's No.

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.

Pre-tax profit was �12.2m compared to �28.5m the previous year. The dip was expected following a warning last month. Imagination said the microchip makers who license its designs had put deals on hold while some shift their focus away from the fierce ...

... Off. � Chinese banks face looming credit crunch � HSBC cuts China growth forecast � Sir Mervyn's final call for more QE overruled � Anastasiades appeals for overhaul of Cyprus bail-out � Chinese firm gets into British luxury with yachts and hotels

A survey of 30,000 people by the watchdog group, Passenger Focus, showed the travelling public are increasingly frustrated by the lack of staff at stations, delays and squalid lavatories on trains.

Sales of trainers and tracksuits at JD Sports are sprinting along, but the group's camping and other clothing stores haven't quite broken out into a jog so far this year.