The final cost of Northern Rock: £2bn

The 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.

Related headlines

• The Grexit, Spanish flu and French cold feet
• Bank of England cuts 2012 growth forecast

My Week: Harry Jarman of Harry Elliot London

The founder of a new company producing British-made luxury swimwear on employing ex-cons, running a factory as a charity, and being down to his last fiver.

French Connection issues profit warning, shares dive

The fashion chain has issued its second profit warning in six months, prompting an exodus of shareholders and plummeting share value.

UK retailers on brink of 'third wave' revolution

Smart devices and interactive TV will boost UK retail sales by £2.4bn by 2014, says new report. Are smaller retailers best-placed to take advantage?

Pinterest and Bono cash in on 'Facebook effect'

Social networking site Pinterest has raised $100m, valuing the two-year old business at £1.5bn.

The Grexit, Spanish flu and French cold feet

Greece's default looms large and Bankia teeters. Meanwhile, France attempts to edge away from the abyss.

Clinton Cards administrator to shut 350 stores

The embattled card and gift retailer will shed 2,800 jobs, closing the first stores next week.

Swanky London nightclub, Public, closed after neighbours' complaints

Quote of the day: 'They are anti-public school people, they are anti-royal and they are just against anything they see as a bunch of toffs partying.' Howard Spooner, a co-owner of West End nightclub, Public, has hit out at neighbours after their laws...

More Greek drachma as €800m is withdrawn in a day

Stat 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

America's largest bank just can't shake the attention from the international business community: their shareholders are suing.

Moonfruit acquired by Yell

The off-the-peg website and online shop builder has been bought e-lock, stock and barrel by Yell for £18m with a £5.2m pay-out for the executive team after two years.

Bank of England cuts 2012 growth forecast

Unemployment on the wane?

Soggy April hits sales at Greggs

CFOs in the UK 'more cautious' than in US

Do 5% of SMEs create 65% of UK employment?

Trade deficit narrows as British firms expand abroad

Eurozone growth flat as a pita bread

Best Buy chairman resigns over company scandal