Alliance & Leicester has been hit with a record £7m fine for serious failings in the sales of payment protection insurance (PPI).

The future of coal-fired power generation in Europe was called into question yesterday after a European Parliament committee backed new laws that would force power companies to pay for all of their carbon dioxide emissions from 2013.

Companies providing goods and services that tackle climate change now form a bigger industry grouping than the global software and biotechnology sectors combined, according to new research.

Environmental claims by Lexus misled the public, the Advertising Standards Authority has ruled.

The wholesale recapitalisation of UK banks is likely to signal a fundamental shift in the strained and sometimes acrimonious relationship between the government and the country’s largest lenders

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