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Free banking 'a dangerous myth' says BoE director

Executive director of the Bank of England, Andrew Bailey, says free banking encourages misselling and should be ended.

Mothercare boss to get 'ruthless' after massive losses

The UK arm of baby products retailer Mothercare has made a £103m loss, but let's not throw all the toys out of the pram just yet...

We want Greece to stay in the euro, says EU

An informal EU summit in Brussels ended last night with EC President Herman Van Rompuy making clear he wanted Greece to stay in the eurozone.

Autonomy founder Lynch to leave HP

Mike Lynch, arguably Britain's most successful tech entrepreneur, has resigned from HP, the company he sold Autonomy to last year.

Nationwide to introduce SME lending

In a much-needed boost to small businesses in the UK, the building society has unveiled plans to introduce SME lending by 2013.

Ben and Jerry co-founder: profits and sustainability do mix

Jerry Greenfield tells MT that entrepreneurs should be socially responsible to be successful.

Silver lining after April retail slump?

Thanks to falling petrol sales after national panic buying, retail slides at the fastest monthly rate in more than two years, but it's not all bad...

Wonga under fire from OFT

The OFT has threatened Wonga with fines for repeated malpractice surrounding its debt collection antics.

UK inflation drops, but more pain ahead

The rate of inflation in the UK fell to its lowest level in more than two years last month, according to the Office for National Statistics (ONS).

Marks and Spencer profits fall

The high street stalwart is feeling the pinch of economic hardship, with profits falling for the first time in three years.

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