The UK's chancellor of the exchequer has announced that he may hive off Royal Bank of Scotland's toxic loans into a �bad bank� as part of a plan to recast the state's involvement in the British banking sector.

Ben Bernanke, Federal Reserve chairman, offered the firmest timeline yet for tapering US central bank asset purchases, saying bond buying by the US central bank could be slowed this year and end altogether around the middle of next year.

When Ian Livingston delivered BT's annual results, he had no idea that within six weeks he would be announcing his departure to take over from Lord Green as trade and investment minister.

Dalian Wanda Group (DLWGCZ), the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe's tallest residential tower.

Incoming Bank of England governor Mark Carney will probably have to keep policy on hold at his first meeting after predecessor Sir Mervyn King's call for stimulus was again defeated by six votes to three.

By David Brett. LONDON | Wed Jun 19, 2013 7:19pm BST. LONDON (Reuters) - UK equities closed slightly lower on Wednesday as investors awaited clarity from the U.S.

Government plans to privatise the Royal Mail could be hit after a boycott by thousands of postal workers moved a step closer today.

By Paul Sandle. LONDON | Wed Jun 19, 2013 7:40am EDT. LONDON (Reuters) - Imagination Technologies, the British chip designer whose graphics technology is in smartphones from Apple and Samsung, reported lower full-year profits as licensing slows.

Rail passengers think trains are failing to provide good value for money with less than one in five on one major route happy with their fares, a survey reveals.

A payday lender which sent �irresponsible� spam text messages which encouraged people to borrow money for a �night on the town� has been rapped by the Advertising Standards Authority.