Bank of England

UK inflation has hit 3.5%, prompting Mervyn King to write a letter of explanation to the Chancellor.

Barclays has reported a 92% increase in full-year profits.

The Tories would transfer UK financial regulation to the Bank of England within a year of taking power, the shadow financial secretary to the Treasury says.

UK inflation is likely to have risen to around 3.5%, exceeding the Bank of England's (BoE) target for the third time.

The European Central Bank (ECB) kept its main interest rate on hold at a record low of 1% for the ninth month running today, in line with expectation.

The Bank of England has kept interest rates at 0.5% and frozen its quantitative easing programme.

Todd Stitzer, the chief executive of Cadbury, is to leave the company within weeks with £20m in cash and shares after Irene Rosenfeld, Kraft's chairman and chief executive, swung the axe at the British chocolate company's top three executives.

The House of Lords should scrap the Financial Services Bill in its current format, regulatory consultants Ignacity says.

The Bank of England's monetary policy committee (MPC) voted unanimously to hold interest rates at 0.5%, minutes from the January meeting showed today.

Millions of UK borrowers will be hit by rising mortgage rates costing up to £1,400 extra a year despite the Bank of England's (BoE) base rate freeze.