Carphone Warehouse is set to become the UK's largest internet provider after buying the UK division of Tiscali.

The phone seller, which already has its own Internet Service Provider in Talk Talk,  reportedly bought the Italian ISP Tiscali UK for £236 million - but does not take on ...

Ships being seized by banks to recover debts by shipping owners

City Desk

Unheard of until now but large cargo ships are being seized by banks to recover debts from shipping companies, caused by the near collapse of dry bulk ships rates around the world.

City Desk

London may have won the battle to stage the 2012 Olympics, but the French are now determined to see London relegated in the financial world with an ambitious programme spear-headed by French president Nicolas Sarkozy involving the investment of 50 billion euros to "transform ...

- The Office for National Statistics shows Britain recorded a much bigger than expected current account deficit of 8.540 billion pounds in the first quarter.

City Desk

The UK economy has shrunk at its fastest rate since 1958 in the first three ...

75,000 repossessed  homes this year, 120,000 repossessions by 2011 lenders not playing ball and still not proving mortgages to first time buyers, Treasury Select Committee demands answers from bankers.

City Desk

Home loans are still not available to families attempting to buy homes, and home ...

City Desk

Mayor offers financial relief for capital’s small businesses   

The Mayor of London, Boris Johnson, today launched a £3 million loan fund, which will help support small and medium businesses that are struggling to secure finance during the recession.  

The ...

It was the commercial radio industry's big night out on Friday, with the 2009 Arqiva Commercial Radio Awards, which are a bit like the Sony Awards though the BBC can't enter so commercial radio types generally have a happier night.

Coming up, the full list of winners, ...

The Press Complaints Commission has warned newspapers to not breach the privacy of Susan Boyle by reporting details of any health problems.

The newspaper industry's own regulatory body emailed editors at all major titles earlier this week reminding them of their code of practice on issues like this ...

The world's biggest advertising firm is predicting major closures in the media industry.

Group M says that ad spend with print media will decline even more than expected this year, leading to some smaller titles losing their share of the advertising pound completely.

The result, the agency ...

Europe's top investment destination, London attracts highest level of investment than other EU states

City News Desk

Ernst & Young in a report published today shows London is still in poll position for foreign investment during 2008 in the European Union ahead of ...