If City analysts are right, Severn Trent chief executive Tony Wray should be celebrating his final annual figures at the helm with a glass of champagne rather than the tap water the listed utility supplies to 3.7m homes and businesses.

THE Co-operative may claim to be good with food, but it's not proving to be so good with money. A big hole has emerged in the balance sheet of its banking business, which is now burdened with the same sort of problems that hit its bigger rivals.

The first official government admission that Iain Duncan Smith's flagship plans to remake the welfare state has hit trouble emerged on Friday night when the Cabinet Office's review of all major Whitehall projects branded the universal credit programme as ...

THE brokers for the �3 billion flotation of Royal Mail are expected to be announced this week, as trade unions claim that the government may yet push for an outright sale of the business.

Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.