Economics / Markets

The Bank of England has opted against further quantitative easing (QE) at Mervyn King's final Monetary Policy Committee meeting, dashing the governor's hopes of more stimulus.

Lighthouse Group has compensated the former executive chairman, David Hickey, £259,000 following his resignation from the post in August last year.

Sir Mervyn King chairs his last ever Monetary Policy Committee (MPC) meeting today, but will his parting gift be one last blast of the QE tap?

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Supervision of the scandal hit Libor interest rate could move to Paris under plans being drawn up by the European Commission, dealing a potential blow to London's financial pre-eminence.

The co-founder of price comparison website Moneysupermarket.com has come under fire for avoiding more than £60m in tax by moving to Jersey.

Sainsbury's chief executive Justin King is one of the only big grocers to have earned an annual bonus after hitting targets triggering a 23% rise in total pay.

Wealthy investors were hit hardest by the recession but poorer households will feel the biggest squeeze in the coming years thanks to benefit cuts.

Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world's two largest economies.