Thursday 09.10 BST. Global stocks are in sharp retreat, led by a savage plunge in Tokyo, as traders are spooked by the prospect of reduced central bank support and a slowing Chinese economy.
China's manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter.
Mark Carney, says the UK is a "crisis economy" as it struggles to emerge from the global recession and the IMF says George Osborne needs to change tack.
Speaking after he delivered the annual British Retail Consortium lecture, Tim Steiner said the reaction of Waitrose to Ocado's tie-up with Morrisons has been a �joke�.
The company sold its slots at the London airport to Easyjet for �20m, blaming an increase in airport charges. Flybe said it would continue all flights between the islands and other UK airports.