The best kind of Federal Reserve chairman is the one who doesn't believe he owes anyone anything. That is when we start to hear the truth about the economy more directly.

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

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.

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.

There was no relief for ARM Holdings today after analysts at Exane BNP provided sceptics with plenty of ammunition for their bear case against the microchip designer.

The annual report from Britain's biggest retailer revealed that Richard Brasher, the former head of Tesco in the UK, was paid �1.3m to leave and Tim Mason, who led the company's US arm Fresh & Easy, collected �1.7m in �liquidated damages�.

Cash and carry group Booker has benefited from the horsemeat scandal as more caterers have turned away from processed meats and started making meals from scratch, according to the company.

David Cameron has appointed a former lobbyist for British Gas to be his personal advisor on energy and climate change. Tara Singh, whose previous role as public affairs manager at British-Gas owner Centrica involved frequent contact with the Conservative ...

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.

Halfords, which also sells car parts, is to cut its dividend by a third in order to refocus investment on revamping its stores and infrastructure.