Flight Cost Fear As Russia Considers Airspace

Russian prime minister Dmitry Medvedev says the government must discuss possible measures of retaliation after the European Union (EU) imposed sanctions on one of the nation's low-cost airlines. The response to sanctions over the crisis in Ukraine could...

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Chancellor Backs £15bn Northern Transport Plan

George Osborne has backed a £15bn plan to create a "northern global powerhouse" which will rebalance the country's economy. The vision to connect five cities will see improvements in transport across the north of England, including a 125mph transpennine...

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Scotland's Future Up For Debate In TV Contest

By James Matthews, Scotland Correspondent The two men leading the fight for Scotland's future will go head to head in a TV debate tonight. First Minister of Scotland Alex Salmond will face Alistair Darling MP, leader of the Better Together campaign,...

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Ex-William Hill Chief Backs Scottish Yes Vote

By Mark Kleinman, City Editor The former boss of Britain's biggest bookmaker will declare his support on Tuesday for an independent Scotland, arguing that pro-union campaigners have been guilty of "political posturing" whose arguments lack economic...

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HP Suing Autonomy Bosses Over Alleged Fraud

Hewlett-Packard (HP) is to set to sue the former chief executive of Autonomy. HP has accused Michael Lynch of fraud as an on-going row grows over its troubled purchase of the British software company three years ago. The US technology giant is also...

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Co-op Sells Farming Business To Wellcome Trust

The Co-operative Group is to sell its farming business to the Wellcome Trust for £249m. The net proceeds of the sale will be used to reduce the group's debt and invest in the Co-op's core retail and consumer services divisions. It leaves the Co-op...

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HSBC Sees Pre-Tax Profit Drop 12% To £7.3bn

HSBC's pre-tax profit dropped by 12% to £7.3bn in the first half of the year. For the same period in 2013, the bank made £8.3bn. It comes as HSBC said it has increased its provision for payment protection insurance (PPI) compensation by £115m. Last...

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Standard Life Profit Rises 12% To £339m

Standard Life has reported a 12% rise in its operating profit for the first half of the year. The insurance and pension group's operating profit before tax rose to £339m as more UK workers were automatically enrolled in company pension schemes. The...

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German Court Ends F1 Boss's Bribery Trial

A German court has ruled that Formula One boss Bernie Ecclestone can pay a £60m ($100m) settlement to end his trial on bribery charges. "The proceedings will be temporarily suspended with the agreement of the prosecution and the accused," pending payment...

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Profits Fall At Intercontinental Hotels Group

Intercontinental Hotels Group has seen its profit slide by 18% amid political and economic uncertainty in some of its key markets. In the first half of the year, the owner of Holiday Inn posted a pre-tax profit of £224m, down from £274m for the same...

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