The Sunday Telegraph understands that the leading City figure and chairman of Centrica is favoured by the board's nominations committee and Nick Rose, the senior independent director leading the search for a replacement for the present chairman, Dick ...

Thousands more London bankers are set to be caught by the EU's controversial bonus cap, it emerged yesterday. The European Banking Authority's board of supervisors has ruled that any employee making more than �500,000 (�420,000) annually should ...

Officials admitted the impact of oil-price fixing could go be much wider than driving up petrol prices, after the European officials raided companies suspected of �colluding� to distort the market.

The report said the cost of hitting European Union targets on green energy is likely to be more than �16 billion by 2020. This includes the cost of subsidies for wind farms and nuclear power, improvements to the national grid and VAT on green costs.

Ofcom has launched a consultation on price increases part-way through a contract. The telecoms regulator Ofcom has launched a consultation on whether telecom, broadband and mobile firms should be allowed to raise prices part-way through a contract.