The UK's banks have been told to find an additional �13.4bn of capital this year on top of the balance sheet-strengthening measures they had already been planning.

UK retail sales recorded a larger-than-expected rise last month, helped by a strong increase in food sales. Sales rose 2.1% in May from the month before, and were up 1.9% from a year earlier, according to the Office for National Statistics (ONS).

SINGAPORE--The Singapore dollar was lower against the U.S. dollar on Thursday as traders piled into the U.S. unit after Federal Reserve Chairman Ben Bernanke pointed to a tapering of bond buying toward the end of the year.

Passengers travelling through the Channel Tunnel are being ripped off, the European Commission (EC) said today. The EC called on Eurotunnel, the owners of the rail link, to slash its �excessive� �32 per passenger return levy plus per train fee to use the ...

Thu Jun 20, 2013 6:28am EDT. * Underlying pretax profit 94.5 mln stg vs guidance 93 mln. * Firm helped by demise of Comet in UK. * Ends year with net cash of 42.1 mln stg.