Tensions within the Labour party over welfare cuts were growing on Monday as work and pensions secretary Liz Kendall prepared to unveil plans to slash government spending on health-related benefits.

UK defence technology group Qinetiq has warned full-year growth will be lower than expected amid contract delays and difficult trading conditions, sending its shares down more than 20 per cent.

Downgrade comes ahead of Spring Statement, when official forecasts are expected to show much weaker GDP outlook ...

One hoped for “devolution dividend” was that the UK’s four governments would learn from one another. That, in practice, hasn’t really happened. Some thoughts on this specific instance and why that ...

Warren Buffett’s Berkshire Hathaway has lifted its shareholdings in Japan’s five biggest trading houses after negotiating to ...

More than half of the world’s most populated cities are getting wetter, according to new research on how water patterns are undergoing dramatic shifts in urban areas as climate change intensifies the ...

AstraZeneca has struck a deal to acquire biotechnology EsoBiotec for up to $1bn, as the London-listed pharmaceuticals group ...

The momentum-surfing vehicles have taken off in the US with investors seeking the potential of uncorrelated returns ...

UBS chief executive Sergio Ermotti was paid SFr14.9mn ($16.8mn) last year, retaining his status as Europe’s best-paid bank boss, just as remuneration in the financial services sector faces growing ...

Taara start-up aims to compete with Elon Musk’s Starlink to connect remote areas to the internet using light beams ...

Below the point is represented graphically. The light blue columns represent the stocks that have done well in the past month; the big losers are in dark blue. Yesterday’s winners are getting an ...

Plus, market turmoil hits hedge funds, gold price reaches a record high, and Women in Revolt at The Whitworth gallery ...