City news - business, investing and finance news

England's national parks contribute billions of pounds to the economy through activities within their boundaries, according to a report.

Stocks have closed lower on Wall Street after news that several Federal Reserve policymakers favoured cutting back on stimulus programs as early as June if the economy continues to improve.

The FTSE 100 Index has surged to its second-highest ever close amid further signs central banks will keep the printing presses rolling.

The FTSE 100 Index moved closer to an all-time high amid signs that central banks will continue to prop up the global economy with vast stimulus injections.

Chancellor George Osborne must bring forward as much spending on infrastructure as possible to turn round Britain's ailing economy, the International Monetary Fund has said.

Public sector borrowing dipped to £6.3 billion in April to give the Government breathing space in attempts to slash the deficit.

David Cameron has hailed a breakthrough in efforts to crack down on tax evasion and "aggressive" tax avoidance.

Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.

Almost half of all money invested in developing countries is channelled through tax havens and deprives the world's poorest countries of tax revenue, according to charity ActionAid.

Robinson's squash maker Britvic is to close its factory in the city where it was founded in the 19th century under plans to axe up to 400 jobs.

Britain's state-backed banks will not have to tap investors for extra cash as they attempt to shore up their balance sheets in case of future financial shocks.