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IMF in eurozone 'shock' warning
An escalation of the eurozone crisis would deliver a "substantial contractionary shock" to the UK economy, setting back progress made towards recovery, the International Monetary Fund warned today.
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Marks & Spencer slashes sales targets as profits dip
Marks & Spencer boss Marc Bolland slashed his sales targets for the high street retailer today as he unveiled its first fall in profits in three years.
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Barclay brothers in hotels dust-up
As he pores over many hundreds of pages of final legal submissions in the case of McKillen v Barclay Brothers, filed yesterday after 25 days of hearings, Chancery Division judge David Richards is bound to consider the personalities involved. He might well conclude that Belfast-born Paddy McKillen and Hammersmith-born Sirs David and Frederick Barclay have this in common: they are all self-made tycoons from humble beginnings, and they are all fiercely protective of their privacy.
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Google could be abusing position, says Brussels
The European Commission has given Google "a matter of weeks" to change its internet search policy after Brussels regulators ruled that the US web giant could be abusing its dominant position.
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Double trouble at JP Morgan: trader's losses could exceed $7bn
The crisis at JP Morgan escalated yesterday as it emerged its trading losses in London could rise to as much as $7bn (£4.5bn) and the US bank cancelled a share buyback. Fears were growing that the losses could spiral from an initial $2bn, which was declared on 10 May, as JP Morgan struggles to unwind the massive bets made by the so-called "London Whale" trader Bruno Iksil.
