LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday the amount of spare capacity in Britain's economy is probably slightly more than 1.5 percent, putting him on the dovish side of views on the Monetary Policy Committee.
The UK's biggest sports retailer Sports Direct plans to give founder Mike Ashley a share award worth about �65m. The firm will propose that Newcastle United owner Mr Ashley be granted eight million ordinary shares.
Small businesses may still be getting a raw deal from their banks, according to the Office of Fair Trading (OFT). Publishing an update on its current enquiry into business banking, the OFT said it was concerned that competition in the sector may not be working.
The European Central Bank is set to probe �3.7tn worth of assets from the largest lenders in the eurozone as it embarks on a fresh phase of its asset quality review that will seek to shine a light into the murkier areas of banks' balance sheets.
LONDON (Reuters) - British manufacturers started 2014 on a solid footing in January but bad weather caused the broader measure of growth in industrial output to slow sharply, official data showed on Tuesday.