Category: News Wire

A large number of high street retailers are enjoying their biggest growth in business for more than a year as shoppers shrug off the cold weather and go bargain hunting, figures reveal.

The founder and chief executive of Groupon, Andrew Mason, has been ousted.

Lloyds Banking Group, the state-backed lender, has reported a £570m pre-tax loss for 2012, after a £1.8bn rise in mis-selling provisions masked an otherwise improved performance in the business.

Head of technology giant faces protest over 51% pay rise that may include more than a third of investors

The chief executives of Next and Carphone Warehouse are among the investors in a new £25m fund to back small, growing British companies.

The Royal Bank of Scotland has reported a £5.2bn pre-tax loss for 2012, but stripping out mis-selling and accounting charges the bank’s underlying business has improved.

Lord Turner says Libor-rigging report could show whistleblowers are one of few ways to uncover market manipulation

Move will shed light on the earnings of lowest and highest paid staff and could force rival banks to follow suit

Average foreign visitor on shopping trip spends £680 – with Britain ranked above France and Italy as a retail destination

The Bank of England is considering the “extraordinary” idea of negative interest rates as one of a number of radical policies to help return the UK to growth.

Marissa Mayer has ordered an end to ‘remote’ work as all staff are told to be in the office as part of a new era of collaboration

Taxpayers face a bill of “at least“ £50m over the botched West Coast rail contract because of a catalogue of mistakes by civil servants and lack of leadership, the Commons Public Accounts committee says in a report published today.

Banks must do more to regain public trust, including more radical reform to the way they run their businesses, according to Mark Carney, the incoming Governor of the Bank of England.

Sterling fell during trading in Asia as financial markets reacted to the loss of Britain’s top AAA credit rating

A recovery in North Sea oil and gas investment is set to generate £100bn of economic stimulus and hand the Chancellor a £25bn bonus through extra tax receipts, new figures showed on Monday.