Five of Britain's biggest lenders must plug a combined �27.1 billion hole in their finances, with Barclays, Lloyds Banking Group and Royal Bank of Scotland accounting for more than 90% of the shortfall, the City regulator revealed.

Thursday 08.00 BST. European stocks joined the heavy sell-off seen across Asia on Thursday which started overnight in the US and was triggered by the Federal Reserve's confirmation that it expects to start easing its asset purchases later this year.

LONDON, June 19, 2013 /PRNewswire via COMTEX/ -- BT announces today that Gavin Patterson will succeed Ian Livingston as chief executive of BT Group plc.

Booming sales of tablet computers and the collapse of rival Comet helped boost underlying trading figures at Dixons, the European retailer, although it suffered a widening full-year, pre-tax loss of �115.3m owing to writedowns at its struggling Pixmania ...

Sir Brian Souter made a healthy profit from his part in a consortium which bought and sold luxury yacht-maker Sunseeker. Picture: complimentary.

U.S. Treasury yields are sharply higher and the dollar is strong but global stocks and emerging-market assets are weak after Federal Reserve Chairman Ben Bernanke set the stage Wednesday for a gradual tapering of the Fed's measures to stimulate the U.S.

The Environment secretary will say that using GM will make use of farm land and �free up space for biodiversity, nature and wilderness�.

Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.

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.

LONDON: The British government will amend a parliamentary bill to introduce the central recommendation of the banking commission to allow bankers to be jailed for reckless misconduct, David Cameron has told MPs.