The Ernst & Young ITEM Club said �the persistence of high inflation could undermine the Monetary Policy Committee's credibility� and �tie [its] hands�.

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.

The group, which has almost �2bn of net debt, announced the rights issue alongside its full year results on Monday, which showed that pre-tax profits plunged 87pc to �37.2m last year, as it faced a significant turnaround job in both its UK bus and American ...

Some of Britain's most successful and eminent business leaders have accused Eurosceptic MPs of putting �politics before economics� and abandoning the national interest in their calls for Britain to leave the European Union.

Ryanair Holdings Plc (RYA), Europe's biggest discount airline, boosted full-year profit 13 percent as it added routes and planes to target short-haul markets in which full-service operators are struggling to stem losses.

Marissa Mayer, the former Google executive who is now in charge of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry with the $1.1bn (�720m) acquisition of the blogging site Tumblr.

... Off. � UK business chiefs say 'we need to stay in EU' � Sir Mervyn King: stop 'demonising' bankers � Inflation 'may hamper Carney', warns ITEM Club � Yahoo agrees to buy Tumblr for $1.1bn � FirstGroup launches rights issue as profits crash � Google chief ...

Britain's beleaguered High Street continues to see the number of vacant shops increase thanks to recent failures including Comet and Jessops.

AN INDEPENDENT Scotland would have �significant difficulties� in underwriting personal savings of up to �85,000, the UK Treasury will claim today in a flagship report.

House prices have shot up so far that buyers must earn more than �62,000 - twice the UK's average salary - to afford the average asking price of quarter of a million pounds.