Sir Mervyn was outvoted for a fifth consecutive month on extending the Bank's �375bn quantitative easing (QE) programme, as members voted 6-3 against expanding asset purchases.

Dalian Wanda Group, the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe's tallest residential tower.

Mr Richardson, the former boss of Britannia Building Society who went on to run the combined �supermutual�, has stepped down as a non-executive director of M&S Bank, a joint venture between the retailer and HSBC Bank, and also of Countrywide, the ...

Although its Blacks Leisure and Millets chains saw an increase in like-for-like sales over recent months, that had been achieved at a "significant margin sacrifice", JD Sports said on Tuesday.

Berkeley has added to signs that the property market is picking up with stronger than expected results. The London-focused developer today announced a 26 per cent rise in full-year pre-tax profit and said that its ten-year plan to return �1.7 billion to ...