Bank of England cuts 2012 growth forecast

Mervyn King says the eurozone crisis remains a dangerous threat to the recovery of the UK economy.

Related headlines

• Eurozone growth flat as a pita bread
• UK manufacturing grinds to life?

Unemployment on the wane?

The UK job market showed signs of life in the first quarter of 2012, with unemployment falling by 45,000 compared with the previous year.

Soggy April hits sales at Greggs

The pasty retailer has reported a 1.8% drop in like-for-like sales in the 19 weeks to May 12 after miserable weather dampened consumer spending.

CFOs in the UK 'more cautious' than in US

A study has found that more than half of the UK's financial officers plan tight controls on spending in the coming year.

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

A tiny fraction of the UK's small business community accounts for two thirds of all private sector employment, a new report revealed today.

Trade deficit narrows as British firms expand abroad

The UK's trade deficit narrowed to £2.7bn in March, proving that British firms are upping their export game. This morning alone, Wonga, Global Energy Group and Paul Smith have announced international expansion.

Eurozone growth flat as a pita bread

The eurozone has narrowly avoided the dreaded double dip as Eurostat reports zero growth in first quarter GDP.

Best Buy chairman resigns over company scandal

Quote of the day: 'I confronted him with the allegations (which he denied), told him his conduct was totally unacceptable and contrary to everything I, and the company, stand for.' The founder and chairman of electronics retail Best Buy, Richard Schu...

Facebook to raise its share price ahead of IPO

Stat 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.

Groupon trims losses to $3.59m

The daily deals service has slashed losses by 96% in the first quarter by cutting marketing spend and bumping up revenues 89% year-on-year.

Plus Markets to shut down after no sale

The British stock exchange for small companies has announced that it can no longer afford to run itself, and cannot find a suitable buyer.

Yahoo CEO steps down after CV embarrassment

Blue Monday in Europe as shares and production slump

British Cheese Board to sniff out Cheddar anthem

Mayday at IAG as losses mount

Clegg's costly jobs scheme clanger

Nissan drives profits higher

Oops! JPMorgan reveals $2bn mistake

Scotland is 'least satisfactory' place to be an entrepreneur