The BBC has scrapped a �98m digital production system, which its director general said had "wasted a huge amount of licence fee payers' money".

Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers. The freeze does not apply to individual retail customers.

Britain came within just six hours of running out of natural gas in March, it has emerged. A combination of bitterly cold weather and pipeline failures left the energy grid at breaking point, with experts warning that if the cold snap continued, rationing was ...

U.S. factory sector appears to be slowing slightly, according to an early reading of May activity released Thursday. The flash purchasing managers' index compiled by data provider Markit fell to 51.9 in May from a final April reading of 52.1.

News Corp has adopted a �poison pill� to avoid anybody building a stake to challenge Rupert Murdoch's near-40 per cent voting control as his family media empire splits into separate entertainment and publishing businesses.

The return of A.G. Lafley as Procter & Gamble's chief executive was welcomed by the stock market as P&G shares jumped nearly 4 per cent on Friday, while the company said he would be paid $2m a year.

Mortgage approvals edged up in April, with banks expecting to sign off more loans to would-be homeowners as schemes to help first-time buyers take root.

BRUSSELS--Europe must create a single resolution mechanism backed by a common pool of money to help wind down struggling banks, European Central Bank Vice President Vitor Constancio said Friday.

British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.

Tesco revealed that it paid �3m to two outgoing directors as executives lost out on their bonuses after the worst slump in profits in the company's history.