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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Users upload 72 hours of video to YouTube every minute

Stat of the day: 72 hours. On the seventh anniversary of its launch, video-sharing website YouTube reveals that users upload three days worth of footage every minute.

Waterstone's includes Amazon Kindle in digital strategy

Quote of the day: 'People in publishing believe that books are recession-proof, but that's simply not true.' James Daunt, managing director of book chain Waterstones, explains his controversial move to stock Kindle e-readers and digital books. The mo...

Ryanair reports sky high profits

Despite rocketing fuel costs and the Eurozone recession, Ryanair has pulled record profits of more than €0.5bn out of the bag.

Britons waste two days a year waiting for websites to load

Move over road rage, there's a new psychosis in town. According to web hosting firm 1&1 Internet, slow web pages are still a major issue for 78% of internet users, prompting bouts of 'negative emotion'.

Mitchell & Butlers profits dip

Profits at All Bar One owner Mitchell & Butlers have shrunk. Must be all that rain.

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.

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

More Greek drachma as €800m is withdrawn in a day

JPMorgan's CEO sued over $2bn trading loss

Vauxhall plant saved by GM

Moonfruit acquired by Yell

Bank of England cuts 2012 growth forecast

Unemployment on the wane?

Soggy April hits sales at Greggs