Calling for an immediate stimulus to �offset� the austerity scheduled for 2013, David Lipton, the IMF's deputy managing director, said: �We suggest the Government bring forward planned capital spending and consider measures such as reducing the effective ...

US markets surged to record highs on Wednesday as US Federal Reserve chairman Ben Bernanke said the American economy was in better health than a year ago, but warned that slamming the breaks on its fiscal stimulus package would jeapordise the ...

The timing of Easter and the freezing weather seen at the start of the month caused retail sales to fall by 2.2 per cent on an annual basis.

By Alistair Smout. LONDON | Wed May 22, 2013 5:07pm BST. LONDON (Reuters) - Growth sensitive sectors drove FTSE 100 to fresh 13 year highs, receiving a boost after the top U.S.

George Osborne is preparing to set out his plans to return bailed-out Lloyds Banking Group and Royal Bank of Scotland to the private sector after the International Monetary Fund called on him to devise a "clear strategy" for the two banks.

Nationwide has increased its share of the British mortgage market to a record level, helped by government-funded programmes to support housebuyers, such as the Bank of England's Funding for Lending Scheme.

Eric Schmidt, Google's executive chairman, said "I don't think companies should decide what tax policies should be. Governments should.

Cable & Wireless Communications Plc. (CWC.L) Wednesday reported a pre-tax profit compared to a loss last year, amid lower items.

Retail profits rose 28 per cent to �410million after SSE raised prices by 9 per cent last October in time for the long, cold winter, in which gas use increased by 21 per cent.

Britvic is to cut up to 400 jobs - 15 per cent of its workforce - as part of efforts to bolster its fortunes as a standalone company should competition authorities squash its proposed tie-up with Scottish peer AG Barr.