... 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 ...
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.
Bank of England Markets Director Paul Fisher said policy makers must continue to provide support to the British economy so that companies and consumers have room to reduce debts and rebuild confidence.
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.
Mothercare is crawling towards a recovery as chief executive Simon Calver insisted the UK company was on target to break even within two years.