As David Cameron begins an EU offensive on tax avoidance, Oxfam accuses the Government of hypocrisy in its approach. 8:11am UK, Wednesday 22 May 2013.

LONDON | Wed May 22, 2013 7:22am BST. LONDON (Reuters) - Nationwide, Britain's biggest customer-owned financial services group, said its financial position remained robust after posting a 56 percent leap in annual underlying profit driven by demands ...

Could RBS stay in an independent Scotland? HBOS headquarters in Edinburgh If Scotland became independent, would and could Royal Bank of Scotland and Bank of Scotland, owned by Lloyds, keep their homes there?

Falling prices at the petrol pumps led to a bigger-than-expected drop of 0.4 per cent in the consumer price index in April, the first easing in the annual rate of price rises for six months.

LONDON (Dow Jones)--U.K. power utility SSE PLC (SSE.LN) Wednesday posted 1.41 billion pounds ($2.14 billion) in full-year headline profits, a more-than-5% increase over the previous year, and it raised its dividend by 5.1%.

A congressional hearing into Apple Inc. (AAPL)'s use of offshore tax shelters called attention to how U.S. companies lower their taxes, and underscored the difficulty Congress confronts when trying to end the practice.

Royal Mail is expected to unveil a huge jump in annual profits this week as it clears the way for a �3billion stock market flotation later this year.

Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.

The taxman had expected to save �8bn by 2015 from reducing errors and fraud in the administration of tax credits, but is expected to miss its target by �5bn.

The Institute of Directors claimed the fledgling industry could create 74,000 jobs, more than double its previous estimate of the industry's potential.