London's Heathrow airport has closed both its runways on Friday after a British Airways plane had to make an emergency landing.

... Off. � European markets up in early trading on Friday � 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 ...

By Toni Vorobyova. LONDON | Fri May 24, 2013 9:03am BST. LONDON (Reuters) - The FTSE 100 steadied on Friday after their steepest fall in a year in the previous session, with central bankers offering some reassurance that stimulus will stay for a while yet.

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.

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.

Two key lieutenants of Tesco boss Phil Clarke received almost �3million in 'damages' following their departure from Britain's biggest retailer at the height of its troubles.

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.

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

United Utilities has reported a rise in its revenues and pre-tax profits - further buoying its shares after last week's bid for neighbouring water company Severn Trent pushed their price up 18 per cent.

SABMiller, the world's number two brewer, lifted group revenues 7 per cent to $34.5bn in the year to March 31, despite an outburst of social unrest in Colombia that prompted the government to curb trading hours in bars.