PartyGaming says the deal with Bwin will create a group worth .3bn. Photograph: Graham Turner PartyGaming and its Austrian-based rival Bwin today announced plans for a merger that they say will create the world’s biggest publicly-listed online gambling company. The enlarged group, to be incorporated in Gibraltar and listed on the London Stock Exchange, would [...]

The FSA shake-up on bonuses comes after new European rules were introduced. Photograph: PA The Financial Services Authority put the City on notice today that it was preparing to close down some of the avoidance measures firms use to keep paying out bonuses that potentially encourage excessive risk-taking. As the City regulator began a consultation [...]

BT is preparing to fight Ofcom over pension costs. Photograph: Andrew Milligan/PA BT is refusing to accept defeat in its battle to pass on part of the cost of its pension deficit to other telecoms firms which use its UK network to offer services. Chief executive Ian Livingston said BT will fight Ofcom’s provisional decision [...]