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Facebook floats at $116bn valuation
Mark Zuckerberg's social networking behemoth is finally publicly trading, and in its opening minutes secured a $116bn valuation.
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The final cost of Northern Rock: £2bn
18 May 2012The British public could be billions out of pocket once the bank's assets are fully wound down, according to a report by the National Audit Office.
French Connection issues profit warning, shares dive
17 May 2012The fashion chain has issued its second profit warning in six months, prompting an exodus of shareholders and plummeting share value.
Pinterest and Bono cash in on 'Facebook effect'
17 May 2012Social networking site Pinterest has raised $100m, valuing the two-year old business at £1.5bn.
Clinton Cards administrator to shut 350 stores
17 May 2012The embattled card and gift retailer will shed 2,800 jobs, closing the first stores next week.
More Greek drachma as €800m is withdrawn in a day
17 May 2012Stat of the day: €800m. As political uncertainty continues in Greece, the people yesterday took to the cash machines to withdraw hundreds of millions.
JPMorgan's CEO sued over $2bn trading loss
17 May 2012America's largest bank just can't shake the attention from the international business community: their shareholders are suing.
Bank of England cuts 2012 growth forecast
16 May 2012Mervyn King says the eurozone crisis remains a dangerous threat to the recovery of the UK economy.
Unemployment on the wane?
16 May 2012The UK job market showed signs of life in the first quarter of 2012, with unemployment falling by 45,000 compared with the previous year.
CFOs in the UK 'more cautious' than in US
16 May 2012A study has found that more than half of the UK's financial officers plan tight controls on spending in the coming year.
Facebook to raise its share price ahead of IPO
15 May 2012Stat of the day: $100bn+. As Facebook cracks on with its IPO road show, the social network has raised the price range, adding billions to its upcoming valuation.
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The MT interview: Terry Smith
"I'm often described as outspoken. I don't view this as a criticism."
Terry Smith, CEO of Tullet Prebon, pulls no punches in this month's big interview