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Barclays bank chief: Barack Obama may harm global recovery

Barclays chief executive John Varley warns that Barack Obama’s plans to cut the size and limit risk-taking by banks could damage the global economic revival Comments

FSA chief Hector Sants steps down

The City’s top regulator, Hector Sants, is quitting as chief executive of the Financial Services Authority Comments

High streets reeling after worst January in 15 years

Snow and economic struggles caused sales to collapse in Britain’s high streets last month, the British Retail Consortium announces Comments

Pension funds must stop City bonuses hitting savers, says Lord Myners

Lord Myners urges pension funds to do more in demanding more stringent control on City bonuses Comments

UK's trade deficit widens to hit recovery hopes

Hopes of a strong, export-led recovery in the UK are dashed after the trade deficit unexpectedly swelled to its widest level in almost a year Comments

Pound dives: Fears over debt crisis for Britain

Pulling the interest rates trigger

Economic analysis: the Bank's life support will soon end, so how high will rates rise?

Floored: Big ad spending is over

Analysis: The Central Office of Information was once flush with cash. No more, as politicians sharpen the axe

Warner Music hits sour note with CD sales flop

Warner Music highlights how it is not just EMI that is struggling from the downturn in CD sales Comments

UBS ups bonus pool to Ł1.7bn after return to profit

The bank declares it is hiking its bonuses by 34% for 2009 as it reports its first quarterly profit in more than a year Comments

Wolfson falls into loss after losing Apple iPod deal

Microchip maker Wolfson Microelectronics suffers its first full-year losses since its 2003 flotation after the loss of a contract with Apple Comments

Gordon Brown urged to concentrate on spending

Gordon Brown should forget about reducing the budget deficit and continue spending to speed up recovery from credit crunch, leading economist says Comments

TUI Travel prices up as holiday makers spend big again

Families face dearer summer holidays this year as TUI Travel, owner of Thomson, reports a nine per cent rise in its average selling price Comments

888 to continue buying spree in web betting boom

Online gambling group 888 is poised for further acquisitions as trading figures give confidence to the internet betting industry Comments

Approval of Crestor drug lifts AstraZeneca shares

Shares in AstraZeneca rise after the US regulator approves its cholesterol drug Crestor for wider use Comments

Pound dives amid fear of UK debt crisis

Britain takes a battering in the financial markets as investors concerned about a looming debt crisis dump risky assets Comments

MPs: Treasury must force Lloyds and RBS to lend

The Treasury needs to up its powers to enforce lending commitments made in return for taxpayer support by part-nationalised banks RBS and Lloyds, MPs say Comments

GlaxoSmithKline to cut 380 jobs at Essex site

GlaxoSmithKline will cut up to a third of the jobs at its research and development site in Harlow Comments

Trinity Mirror buys Guardian regionals for Ł44.8m

Guardian Media Group off-loads the Manchester Evening News and 31 other titles in its local newspaper division Comments

British Land bounces back following property slump

British Land says the value of its property empire rose sharply at the end of last year as it fought off the worst decline in decades Comments

Swatch watches popular as economy improves

Swatch, the world’s biggest selling watchmaker, predicts a strong 2010 as enjoys its second best-ever January Comments

Mothercare and Boots to make children's clothes brand

Mothercare and Boots will produce a new children’s clothing and accessories brand to be sold in Boots stores in the UK and Ireland Comments

Rightmove ups profit forecast on busy January

January was so good for property website Rightmove it declares that this year's profits will beat City expectations Comments

Nissan makes profit to beat predictions

Nissan returns to profit and raises its annual forecast for the second time this financial year, boosted by brisk sales globally Comments

Terrorism is good business at Beazley

Lloyd's of London insurer Beazley says terror premiums have stopped falling for the first time since the 9/11 New York and Washington attacks Comments