Money

Barclays to sell £6bn in shares to shore up finances

Barclays will sell off £5.8billion in shares as part of a drive to balance the books in line with new capital regulations…

Cold spring helps EDF to £903m profits

Energy giant EDF has made £903 million profit in the UK after the coldest Spring in 50 years…

Next catalogue and online shoppers turn sales around

Next has fought back from a sales slump thanks to soaring online and catalogue shopping…

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No comeback for cut-price legal advice

Using cut-price legal advisers leaves thousands of people with no-one to turn to if things go wrong, the legal watchdog has warned…

Absolute Radio bought for £22m

Absolute Radio has been bought out by Bauer Media in a £22 million deal.…

Britain risks blackouts in two years in power crisis

Ofgem 'failing' consumers

Regulator Ofgem is 'failing consumers' by not taking action to ensure energy profits are transparent, according to MPs…

Publicis and Omnicom team up to create £23bn advertising giant

Two of the world's biggest advertising groups are merging to create a £23 billion giant responsible for promoting brands including Adidas, Guinness, Starbucks and Doritos…

Archbishop 'embarrassed' over CofE Wonga links

The Archbishop of Canterbury has admitted he is 'very embarrassed' after it emerged the Church of England has been indirectly investing pension funds into controversial…

Touts using resale sites to flog 1,000s of fake tickets

Thousands of music fans are being duped into buying fake concert tickets by fraudsters exploiting flaws in the four biggest resale websites. …

Good news for economy as GDP grows 0.6 per cent in second quarter

Good news for economy as GDP up by 0.6%

Chancellor George Osborne can breathe a sigh of relief this morning after official figures showed GDP grew by 0.6 per cent in the second quarter…

Cost of a wedding is £400 – and that's just for the guests

Weddings are an expensive affair for happy couples but guests do not escape unscathed, either…

Fighting talk: Church plans to put payday lender Wonga out of business

War on Wonga: Church plans to put payday lender out of business

The Archbishop of Canterbury has drawn swords with Wonga after he revealed the church plans to put the payday lender out of business - by…

Facebook to manually review thousands of pages after M&S, BSkyB suspended advertising in offensive content row

Facebook ad revenue boosts shares 18%

Fears Facebook's business model could flop as mobile use increases were quashed yesterday after the social network reported a surge in advertising revenue…

Is that online date just a conman after your cash?

The course of true love never did run smooth – and it’s becoming even bumpier thanks to the rise of online match-making…

House buying is funded by £2bn of parental cash

Parents are collectively paying out £2 billion a year to help their children on to the property ladder, says housing charity Shelter

Jane Austen to appear on £10 bank notes

Pride And Prejudice author Jane Austen will appear on £10 notes from 2017, the Bank of England said today…

Watchdog fines RBS £5.6million

Royal Bank of Scotland has been hit with a £5.6million fine for failing to properly report deals made on wholesale money markets…

Cable says BoE is 'capital Taliban'

Vince Cable has criticised the Bank of England for imposing restrictions on lenders that could hamper growth…

Former Spurs players are Spanish business hit

Six former Tottenham Hotspur players are hitting the mark off the field with a Spanish nightclub, bar and restauant business…

Premium bond prize pot slashed by £8m

Millions of premium bond holders have had their prizewinning chances cut because the monthly pot has been slashed by nearly £8 million.…

Cussons closes three Sanctuary spas

Three loss making Sanctuary spas - including one in London - are being closed with the loss of 20 jobs…

Bentley's new SUV will create 1,000 jobs

Luxury car firm Bentley has announced an £800 investment to develop a new model and create 1,000 jobs…

Fewer businesses go bust for second month in a row

The number of business insolvencies has fallen for a second month in succession, according to new research…

McDonald's profits rise 4% but sales struggle in Europe

Profits at McDonald's rose 4 per cent in the second quarter of the year but the result was less impressive than expected.…

First-time buyers rise by 20 per cent as banks show faith

Born in the 1980s? Forget having a place of your own

Baby boomers of the 1980s to noughties face an uphill struggle to buy or rent a home over the next seven years…

World

A vacant, boarded up house is seen in the once thriving Brush Park neighborhood with the downtown Detroit skyline behind it in Detroit, Michigan March 3, 2013. Michigan Governor Rick Snyder cleared the way for a state takeover of Detroit, declaring that the birthplace of the U.S. automotive industry faces a fiscal emergency and that he has identified a top candidate to assume its management. Friday's declaration by the Republican governor virtually assures that the state of Michigan will assume control of Detroit's books, and eventually decide whether the city should file the largest municipal bankruptcy in U.S. history. REUTERS/ Rebecca Cook (UNITED STATES - Tags: CITYSCAPE REAL ESTATE BUSINESS POLITICS) - RTR3EJDQ

Detroit files for bankruptcy

Detroit has become the biggest city in the US to file for bankruptcy as decades of declining industry finally took their toll…

Nokia quarter sales fall but the new Lumia 520 lights up China and India

Nokia shares fell more than 3 per cent yesterday after the mobile phone company announced sales were down in the second quarter of the year…

No hangovers guaranteed at Catherine's bar

Entrepreneur Catherine Salway is planning an attack on Britain's die hard drinking culture by opening the first of her booze free bars in London this…

James Dunworth Whose E-Cigarette firm will go out of business if the EU pushes through proposals to turn ecigs into medicines © WALES NEWS SERVICE

E-cigarettes face new restrictions

Electronic cigarette retailer ECigaretteDirect.co.uk says hundreds of jobs could be lost if the EU is successful in imposing tighter regulation on products containing nicotine.…

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