Insurance giant LIC saw its March quarter net profit rise nearly six-fold after a change in accounting policy. The fourth quarter's net profit was £1.34 billion, up 466% from £237.1 million in the same quarter last year.

Asda will acquire 350 petrol forecourts and 1,000 takeaways in the UK and Ireland from its sister business EG Group, in a deal worth £2.27bn, helping the retailer in its ambition of overtaking Sainsbury’s to become Britain’s second biggest grocer.

The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, as the cost of such essentials continued to rise in the double digits. However, when asked about such price controls, health...

Chancellor Jeremy Hunt has taken a stance that he would back further interest rate hikes by the Bank of England in order to combat soaring inflation despite the risk of plunging the UK into recession.

As inflation hits the German economy, the country has been pushed into recession in the first three months of the year.

The chief of Jaguar Land Rover's parent company Tata is expected to fly to London to discuss an agreement on building a multi-billion-pound electric car battery plant in the UK, according to reports. The car giant could open a plant in Somerset...

A well-known American politician filed in the US Congress a bill to declare Diwali, the festival of lights, an official holiday in the country.

UK's latest inflation figures have sent the money markets into turmoil and pushed the swap rates up. Homeowners and first-time buyers were being warned to expect 5%-plus fixed-rate deals in the coming weeks.