By Toni Vorobyova. LONDON | Thu May 23, 2013 12:19pm EDT. LONDON (Reuters) - Britain's FTSE 100 share index suffered its biggest one-day drop in a year on Thursday, knocked off historic peaks by weak economic data and signs the U.S.

The group's total pre-tax loss fell to �21.5m in the year to March 30, from �102.9m a year ago when it was hit by a �55m impairment charge related to its acquisition of the Early Learning Centre.

The updated figures from the Office for National Statistics showed that the UK's dominant services sector, which accounts for three quarters of national output, drove the recovery - growing 0.6pc over the three months.

The boss of Flybe has hit out at "punitive" charges and taxes that have pushed the troubled regional airline to end flights in and out of London from next March.

Stocks in the U.S. rose, bucking a global selloff that began with a 7.3% plunge in Japan's stock market. Markets around the world had been jostled by a confluence of events that interrupted a monthslong rally in risky assets.

ONSHORE wind, the cheapest form of renewable energy, attracts many enthusiasts. Those who live close to planned wind farms are rarely among them.

Pre-tax profits were �97m in the six months to the end of March, compared with �37m last year. Total turnover was flat year-on-year at �866m.

The new regulator said the unit was unable to show it was giving clients the right advice. "Although no detriment to customers has been identified to date, the failings exposed customers to the risk that they would be given incorrect advice and inappropriate ...

The newspaper will become part of a new �Professional� unit in a yet-to-be-decided structure that could mean FT Group ceases to exist.

Tesco revealed that it paid �3m to two outgoing directors as executives lost out on their bonuses after the worst slump in profits in the company's history.