The UK's headline inflation rate fell back to 2.8% in July, matching analysts expectations, the latest data has revealed.

George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.

The Evening Standard has apologised to the Chancellor of the Exchequer George Osborne after an image of its front page, meant to be released later today, revealed details of the Budget ahead of Osborne's speech.

Outgoing Bank of England governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.

Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.

F&C Asset Management has appointed the head of its institutional business, Richard Wilson, as its new chief executive.

The FTSE 100 is approaching an 16-month high today as investors around the globe welcomed Barack Obama's US election victory.

The UK's main inflation rate fell back towards the 2% target in August after reversing a surprise jump the previous month.

Barclays has appointed Antony Jenkins, its former head of retail and business banking, as its new boss.

UK-listed banking giant Standard Chartered saw its shares fall more than 7% at one stage in Hong Kong this morning as it faces allegations of assisting in a $250bn money laundering scheme.