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.

Financial woes have prompted Flybe to cut almost all of its flights from London in a significant blow for the capital's air links to Scotland, the Channel Islands and the West Country.

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�.

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 ...