Four people are being treated in hospital after the upper deck of a car ferry collapsed in Britain.

The promoter of the Isle of Wight Festival has apologised for the chaos caused by heavy rains at the start of the event and promised that lessons would be learned for future years.

Fierce storms battered Britain today with heavy rain and winds gusting over 100mph.

The battle for the London Stock Exchange intensified today when an Australian bank confirmed it was mulling over a takeover bid.

AUSTRALIAN group Macquarie Bank is understood to be preparing a bid for the London Stock Exchange.