ECONOMY

EasyJet revenues 10.5 percent to more than £1bn as nearly 18m passengers board planes in the three months ending in June.

Steel demand is poised for slow growth in 2012, according to an estimate by the World Steel Association.

Spanish bonds plummet as investors dump risky debt amid concerns of a global economic slump

Our economy shrank by 0.7% between April and June this year. Compare that to a 0.3% dip for the three months before that, and it all adds up to the UK being in the worst double-dip recession in some 50 years.

If BP sells its stake in Anglo-Russian joint venture TNK-BP, it will not only be a key turning point in the company's future but it could possibly spur foreign investment into the Russian oil sector, say analysts.

Economists think UK recession will extend into third quarter when ONS publishes preliminary second-quarter GDP estimate.

The marginal rise in beer duty revenues the government is achieving offset by a fall in income from jobs and other taxes.

Former CEO of Anglo Irish Seán FitzPatrick arrested in connection with financial irregularities at failed bank, following charges against former head of lending Patrick Whelan and former finance director Willie McAteer.

Russia's state-owned oil company Rosneft begins talks with BP over its stake in the embattled UK and Russian joint venture TNK-BP

A negative outlook points to chances of a high risk of annual cut in the rating within a couple of years.

Moody's outlook change on Germany's Triple-A rating raises questions about Europe's core as periphery continues to struggle

Irish police charge Anglo Irish’s former head of lending Patrick Whelan has been charged over alleged financial irregularities at the bank, in the same investigation involving former finance director Willie McAteer.

London 2012's opening ceremony takes place on 27 July, but as the Olympic Games start so does counting the cost. IBTimes UK looks at how the cost to taxpayers has bloated by billions.

As Barclays’ deputy chairman Sir Michael Rake turns down the role of taking over from Chairman Marcus Agius, the race to fill the senior positions including ex-CEO Bob Diamond’s role at the embattled bank continues.

US and European prosecutors are close to individual traders at banks for colluding to manipulate key global lending rates, says a Reuters report.

Euro falls to two-year low against dollar as Greece struggles to convince lenders and Spain's economy slides deeper into recession.

Sunday trading rules relaxed to allow struggling businesses to capitalise on the London Games.

Market sources tell IBTimes UK that banks and brokers under investigation for Libor fixing are unlikely to join forces in reaching a settlement.

Consumers are touted by the government and others as those to lead the UK economy out of recession in the second half of 2012, but IBTimes UK explores the data and questions this assumption.

UK public debt is now at its highest rate against GDP in over forty years, as the double-dip recession takes its toll on the economy.

Vodafone's strong performance in emerging markets was weighed down by weak demand in European countries.

Singapore Group denies Daily Telegraph story that Bourse CEOs have had "informal" talks on tie-up after share trading deal.

The existence of different regulators for Libor is a major obstacle for banks to opt for group settlement.

Bank of England instruct law firm Freshfields Bruckhaus Deringer to advise on issues related to rate-fixing scandal.

Final word on annual assessment of UK economy puts further pressure on Osborne's Plan A.

Eighteen investors in News Corporation have co-signed a letter calling for scandal-mired Rupert Murdoch to stand down as chairman and be replaced by an "independent" successor.

Following Barclays' record fine for Libor manipulation, the IBTimes UK examines efforts by key global regulators to tackle potential fraud in the $550tn benchmark.

Dow Jones reports the temporary European bailout fund will set aside funds for Spanish bond buys

A slight month-on-month rise in UK retails sales volume shows that not even heavy discounting can attract moribund consumers into the shops.