Economy

Strong oil prices and the falling value of sterling pushed Britain’s main share index to its highest ever closing level on Thursday. The FTSE 100 climbed 0.7% to close at 7,787.97 points, just short of its record intraday...

The EU has put itself on a collision course with the US over Donald Trump’s decision to withdraw from the nuclear deal with Iran, as major European firms started to pull out of the country to avoid...

Lachlan Murdoch will serve as chairman and chief executive of the proposed new “Fox” company – a position senior to father Rupert Murdoch – once the deal to sell Fox assets to Walt Disney is approved by shareholders...

The East Coast rail service will be temporarily renationalised, the government has decided, after operators Virgin and Stagecoach could no longer meet the promised payments in the £3.3bn contract. The London to Edinburgh service will be taken back...

  TSB turned down an offer of help from Lloyds Banking Group, its former owner, in the early stages of an IT meltdown that left up to 1.9 million online customers unable to access their accounts. Lloyds...

Chris Grayling is expected to make a decision “within days” to end the existing East Coast rail franchise operated by Stagecoach and Virgin Trains. The transport secretary was said to be preparing to either renationalise the...

Construction of luxury flats in central London dropped by a quarter last year, with apartments housed in developments dubbed “posh ghost towers” struggling to sell. New-build starts in the capital in 2017 dropped by 25.4% compared with 2016,...

In a surprise policy reversal, Donald Trump said on Sunday he had instructed his commerce department to help get a Chinese telecommunications company “back into business”, after his government cut off access to its US suppliers. The US...

Tin mining is set for a comeback in Cornwall, as a Canadian company that plans to reopen the South Crofty mine in 2021 announced it would float on the London stock market next month to help fund...

Apple is scrapping plans for an €850m (£743m) data centre in Ireland after three years of planning approval delays, the company has said. Plans for the European data centre were announced in February 2015, to be built in Athenry,...