UBS, the Swiss bank that employs thousands of people in the City, has agreed to settle a multimillion-dollar legal case brought against it for selling mortgage-based investments which went bad in the financial crisis.

The site has been disused since 1983

Senior Bank of England officials today delivered a stern rebuke to commercial banks that have been lobbying ministers to water down regulation of the sector.

Jet makers were yesterday fighting to show what lucrative contracts they are close to securing at the Paris Air Show, and punters flew in to BAE Systems on hopes it is close to agreeing long-awaited Middle Eastern deals.

Mobile phone giant confirms approach to Germany's biggest cable company Kabel Deutschland

Joint operation identified more than 1000 botnets, but operations continue

Lloyds Banking Group has sold a large slug of US mortgage securities through an auction that raised a total of £3.3bn as part of its ongoing plan to reduce its assets and strengthen its balance sheet.

United's present debt is £370million, the sum remaining from a highly leveraged takeover by the Glazer family in 2005

A business that specialises in giving better pensions to people who are ill is set to join the stock market, a sign of good health for the London equity market at least.

Hopes that the Government may soon be able to sell off its stakes in Royal Bank of Scotland and Lloyds took a further blow today when the man in charge of managing the holdings abruptly quit.

Levi's wins 'red tab' trademark case

Shares in the bus and train operator First Group were driven to the top of the mid-tier index after City scribblers proclaimed that it now has a smooth road ahead of it. First Group's plans to sell buses and spend less on train investment, alongside the Government's clarity on the franchise market for trains, led transport analysts at Bank of America Merrill Lynch to rate the shares a buy.

Man Group, the troubled hedge fund that started life supplying rum to the Royal Navy in the 1780s, has asked KPMG to sort out its governance after a shareholder revolt last year.