A plan to privatise the way the Ministry of Defence buys defence equipment has been scrapped, costing millions of pounds of taxpayers' money.
Output from Britain's heavy industries rose more than expected in October, fuelling hopes that the UK's economic recovery, which has so far been driven by consumer spending, is broadening.
LONDON Dec 10 (Reuters) - Sterling hit a two-year high against the dollar on Tuesday as investors took upbeat comments from the Bank of England and strong house prices as signs that interest rates could rise sooner than previously thought.
The largest US banks were facing a new world order on Tuesday as regulators voted on the Volcker rule, which will make it harder for Wall Street to make risky gambles that could once again endanger the financial system.
Premier Inn owner Whitbread put the brakes on the expansion of the hotel chain today as it announced it would open 500 less rooms than expected in the current financial year.