Sir Mervyn King's long goodbye came to a climax in the splendour of Mansion House on Wednesday night. The evening was a subdued affair, accompanied by the now familiar sporting analogies 'a game of two halves' and not a hint of a mea culpa.

The 48-year-old will be replaced by Gavin Patterson, the current chief executive of BT Retail. It will mark the end of five years for Mr Livingston at the top of BT.

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.

Katharina Hesse/laif/Redux. Wang Jianlin, CEO of Wanda group, at his office in Beijing. 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 ...