George Osborne renewed his commitment to promote more competition in retail banking on Wednesday and asked the UK's antitrust regulator to assess what effect mandatory branch sales by Lloyds and Royal Bank of Scotland will have on the market.

Bank of England Governor Mervyn King said his successor and the U.K. banking industry have �unfinished business� to do in reforming the financial system and reviving the U.K.

Telecoms giant BT unveiled a change at the top yesterday as chief executive Ian Livingston revealed he is to become a government minister.

Britain should embrace the benefits of genetically modified crops and push other EU countries to drop their opposition to GM food, the environment secretary will say in a speech on Thursday.

The end is in sight for US Federal Reserve easing that has dominated financial markets for half a decade after it set out an optimistic economic outlook that would lead to the end of asset purchases in mid-2014.

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

Angry residents of Margate have appealed to the High Court against the Government's decision to build a giant Tesco store on the seafront.

Royal Mail has begun a court battle with the Communication Workers Union after thousands of postal workers voted to boycott deliveries of rivals' mail and to oppose privatisation.

Passenger satisfaction with Britain's crowded, late-running and over-priced railway network has plummeted to the lowest level in six years, a damning new survey by official watchdogs reveals today.

Imagination Technologies, the designer of microchips used in Apple's iPhone, said that it had not lost a single licensing deal to a competitor as it tried to allay analysts' concerns about falling profits.