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 came within six hours of running out of natural gas in March, according to a senior energy official, highlighting the risk of supply shortages amid declining domestic production and a growing reliance on imports.

By Sudip Kar-Gupta. LONDON | Fri May 24, 2013 5:12pm BST. LONDON (Reuters) - The FTSE 100, which had raced to its highest level in nearly 13 years this week, fell sharply for the second straight session on Friday as a decline at major bank HSBC hit the ...

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.