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UK's return to growth underlined
The UK's return to growth has been underlined as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
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The latest business news headlines
The FTSE 100 Index's surge to an all-time high was cut short after poor Chinese manufacturing figures handed a reality check to investors.
Blue-chip shares have been caught in a global stock market slump as a "giddy" spiral that threatened to take the FTSE 100 to record highs came to an end.
Checkout staff at Tesco have seen their annual shares bonus pot halved after the supermarket giant slumped to its first annual profits fall in nearly 20 years.
Motor company Nissan is recalling thousands of cars in the UK due to a potential steering wheel problem.
The UK's return to growth has been underlined as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
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Mitchells & Butlers, the UK's biggest operator of managed pubs with 1,600 sites, has placed upmarket, special occasions and family dining at the centre of an investment drive worth up to £80 million a year.
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Halfords has warned of a long uphill slog to recovery as profits tumbled by 22% and its dividend was slashed by a third to pay for a £100 million revamp of the struggling car parts and cycling retailer.
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Retailer Mothercare has racked up another big loss in the UK but insisted there were signs that the business is on a "firmer footing".
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Struggling regional airline Flybe is quitting Gatwick Airport by selling its runway space there to budget rival easyJet for £20 million.
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Almost half of all money invested in developing countries is channelled through tax havens and deprives the world's poorest countries of tax revenue, according to charity ActionAid.
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