... Off. � Japanese market swings widely in volatile trade � Europe needs Britain, says ECB president Mario Draghi � FTSE 100 suffers heaviest drop for a year � HSBC's $1.9bn money laundering settlement could be rejected.

CARDIFF | Fri May 24, 2013 8:11am BST. CARDIFF (Reuters) - Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the financial crisis, a top Bank of England ...

Mothercare is crawling towards a recovery as chief executive Simon Calver insisted the UK company was on target to break even within two years.

Nervous investors interrupted the global market rally last night, with major indices in Japan, the UK and across Europe turning negative in the face of economic concerns.

A Guernsey airline is considering using bigger planes after becoming the only operator to fly to Gatwick. The Treasury and Resources Department is the sole shareholder in Aurigny and said it is considering leasing or buying aircraft outright.

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.

Friday 08:00 BST. Japanese stocks closed higher, but only after another extremely volatile session leaked uncertainty into global equity markets that some investors consider vulnerable after many months of strong gains.

He warned profits would fall for the next two years as he launched a stinging attack on the company's previous management. Boost: Victoria Pendleton and her Halfords bike.

A day after the International Monetary Fund urged the government to do more to spur growth, Britain's official statisticians have reminded economists of just how far the UK economy remains from full health.

JPMorgan's UK wealth management business has been fined nearly �3.1m for failing to keep complete and up-to-date client files, a shortcoming that put customers at risk of receiving unsuitable investment advice.