Falling prices at the petrol pumps led to a bigger-than-expected drop in inflation in April, the first easing in the annual rate of price rises for six months.

First Group’s chairman Martin Gilbert bowed out on a low yesterday as the struggling transport group tapped investors for £615m to cut debts and axed the dividend as profits slumped.

The European Commission stepped up its investigation into oil price fixing as it sought information from trading houses such as the FTSE 100 giant Glencore.

Easing pain for motorists at the petrol pump and Chancellor George Osborne's Budget beer duty largesse should this week herald the first fall in inflation since last September.

Chancellor hails improved forecasts as King presents final Inflation Report before stepping down

Consumers face higher food prices unless Britain opens up a scheme for foreign fruit pickers to countries outside the EU, the Government’s chief migration adviser has warned.

Government says cost per litre should be displayed on road signs to discourage stations from fleecing drivers

The Bank of England today decided against giving a further boost to the British economy in Governor Sir Mervyn King’s penultimate meeting at the helm.

Four leading supermarkets all announced a cut in their petrol and diesel prices today ahead of the bank holiday weekend.

Law targets business magnate’s near monopoly of country’s phone market

Richard Benyon says 'enormous amounts of food' are thrown away needlessly

The new chairman of Barclays, Sir David Walker, today promised shareholders that he would continue to restrain bankers’ pay and strive to re-establish trust in the bank after it was severely damaged by Libor-rigging and mis-selling scandals.

The coldest March for 50 years contributed to petrol sales falling to a new monthly low, it has been revealed.