The BBC has apologised after spending nearly �100m on a project which has been abandoned. James Purnell, the corporation's director of strategy and digital, said "everybody at the BBC is mortified" at the cost of the Digital Media Initiative, which never ...

Britain's gas supplies ran "dangerously" low in March as high demand in cold temperatures and overseas supply problems coincided.

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.

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.

Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.