The fallout from last year's West Coast mainline fiasco was the �final straw� that forced FirstGroup to launch a heavily discounted rights issue on Monday, according to its chief executive.

Shares in London remain in positive territory despite an earlier dip over fears the US Federal Reserve may be preparing to ease its quantitative easing programme sooner than anticipated.

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.

LONDON�Budget carrier Ryanair Holdings PLC is targeting expansion in Northern Europe as it pursues an ambitious growth strategy with plans to increase traffic by 25% over the next five years.

Households struggling with rising costs were told in no uncertain terms today to expect the squeeze on their incomes to continue for the foreseeable future as the influential Ernst & Young ITEM Club warned above target inflation would be a fact of life for at ...