After paying tax and meeting monthly household bills, the average family now has less than 20% of their gross income left, compared with 28% in 2003/2004, according to accountancy firm Ernst & You...

Research ) near 100 percent price hike for 2008-2009 iron ore deliveries, Chinese industry officials said on Friday, ending protracted talks over contracts worth billions of dollars.

.FTSE index is seen opening flat on Friday, according to financial bookmakers, having closed up 50.3 points, or 0.9 percent, at 5,476.6 in the previous session.

HONG KONG (Reuters) - Asian stocks slipped on Friday as record high crude oil prices threatened to jeopardize earnings and curb consumer spending, with the uncertain economic outlook following U.S. jo...

LONDON (Reuters) - Retailer John Lewis JLP.UL reported a big drop in weekly sales at its department stores and slower growth at its upmarket supermarkets, providing further evidence of a downturn in c...

Research ) said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed boost to its share price.

LONDON (Reuters) - It might come as surprise to many of its passengers but British Airways has made an encouraging start to life in its new home at Terminal 5, the airline's chief executive Willie Wal...

Research by Norwich Union has found that 33% of British holidaymakers will be avoiding foreign travel in an attempt to cut costs. Of more than 1,000 people surveyed, half said they may also forgo tra...

LONDON (Reuters) - House builder Barratt Developments plans to cut around 1,000 jobs as it pushes for cost cuts to endure a rapidly worsening housing market, it said on Friday.

UK consumer spending power has fallen due to a large rise in the cost of living.