Investment bank Goldman Sachs is expected to announce a bumper profits haul today amid signs that the sector's lucrative bonuses are back just a year after the banking crisis that almost caused financial meltdown.

The UK's City minister today called for a "moral reform" of the British banking sector after losing the trust of public in the wake of the financial crisis.

Next week's package of British government reforms to the banking system will not hand over responsibility for regulation to the Bank of England, City minister Paul Myners indicated.

A new panel of City luminaries will help London’s financial services sector tackle the impact of the credit crunch and competition from rival financial centres, the British Treasury said today.

Richard Branson's Virgin and private equity firm JC Flowers are heading a shortlist of buyers for crisis-hit British mortgage lender Northern Rock, reports said today.

At least two firm bids for beleaguered British mortgage lender Northern Rock have emerged, but taxpayers in the UK could still end up propping up the company for up to three years.

Northern Rock’s potential rescuer has a strong record of snapping up stricken companies and nursing them back to health, often for big rewards.

Northern Rock suitor JC Flowers today unveiled a heavyweight management line-up for the stricken mortgage lender as talks over a possible offer continue.

Guardian Media Group said today it was on the hunt for acquisitions as it unveiled a “solid performance” for the past financial year.

Fashion guru George Davies has signed a new contract with Marks & Spencer just a month after announcing his resignation, the retailer said today.

Marks & Spencer today lost the services of one of the London market’s most respected businessman as a non-executive director.

Marks & Spencer boss Stuart Rose missed out on a bonus last year after the troubled firm failed to hit any of its targets, it emerged today.

Enthusiasm for blue-chip stocks was evident in London today despite concerns over UK inflation and a disappointing start to trading on Wall Street.

The FTSE 100 Index failed to move far from its opening mark today despite a boost from across the Atlantic and a string of positive corporate updates.

Retail group Marks & Spencer appointed a new chairman today to replace Paul Myners, who is to step down in 14 months.

Marks & Spencer chairman Paul Myners is poised to triumph over directors trying to oust him from the troubled retailer, it was reported today.

Two of the highest-profile names in UK business were today handed the task of helping to oversee the operations of the Bank of England.

Struggling retailer Marks & Spencer completed another piece in the jigsaw of its new-look management team today by recruiting a new finance chief.

One of the key figures in Marks & Spencer’s successful takeover defence this summer has extended his stay at the company, it emerged today.

MARKS & SPENCER’S interim chairman yesterday looked set to take the position on a permanent basis.

Marks & Spencer’s interim chairman is expected to take the position on a permanent basis, it was reported today.

Marks & Spencer boss Stuart Rose was today facing up to the task of delivering a trading revival after fending off a proposed £9.1bn (€13.6bn) takeover bid.

Retail tycoon Philip Green is preparing to wage a high street war on Marks & Spencer after dropping his £9.1bn (€13.6bn) takeover bid.

Marks & Spencer today showed no sign of giving in to investor pressure to open its books up to retail tycoon Philip Green.

Entrepreneur Philip Green is set to unveil a new bid valuing Marks & Spencer at up to £8.8bn (€13.3bn) this week, it was reported today.

The prospect of a drawn-out battle for ownership of Marks & Spencer grew today after the retailer came out fighting against Bhs owner Philip Green.

The newly-appointed team at Marks & Spencer is preparing to begin work at the troubled high street giant today.