The London Daily News

News Desk

Investors around the world are buying gold at record levels pushing up gold prices to a record $1,251.20 or £861 an ounce on Tuesday after investors ditched the euro because of the debt crisis in Europe and uncertainties over the future of U.S. interest ...

City Desk

The City of London is preparing for an assault on it position as a global financial hub, following the appointment of Michel Barnier to the post of Commissioner for the internal market and financial regulation in the EU.

President Sarkozy is quoted ...

Business News

Private jet use in London is growing with the recent figures of private aviation broker firm Jet Booking Direct's profits up 41% in 2010.

Jet Booking Direct announced today that its business achieved a rise 41% in 2010 as corporate and private clients move ...

News Desk

The Chancellor of the Exchequer George Osborne will embark on a process of consultation with the public and key "stake holders" over spending cuts, with the backdrop of trade unions putting in motion a "pronounced period of industrial action" that may mirror Greece ...

Media Desk

The owner of the Daily Express and Daily Star newspapers Richard Desmond in an interview on the BBC Friday, hinted that he would be interested in buying The Sun newspaper, despite it not being for sale.

The chairman of the Northern and Shell ...

City Desk - Update BT statement 5:50pm

The CWU has failed to reach an agreement with the management at British Telecom making it likely that there will be a strike by BT workers.

Staff at British Telecom are threatening to go on strike following a ...

Several radio stations are leading a rebellion against an amnesty that encourages people to dump their FM sets.

The promotion set up by Digital Radio UK and supported by the BBC, the bigger commercial radio groups and some retailers, people who trade in their old FM radios when ...

Losses at the Guardian Media Group are to increase significantly according to the outgoing Chief Executive.

Carolyn McCall, who is heading to EasyJet blamed the continuing downturn on write-downs on its investments.

Staff was told that pre-tax losses in the 12-months to March would be larger that the ...

Sky is about to become even more dominant in the UK cable TV market by buying Virgin Media's TV channels, Virgin1, Living, Bravo and Challenge.

Virgin have been toying with selling their wholly owned cable channels for a while, and Sky has been a key bidder thoughout, despite ...