The Ernst & Young ITEM Club said �the persistence of high inflation could undermine the Monetary Policy Committee's credibility� and �tie [its] hands�.

Annual profits at no frills airline Ryanair (LON:RYA) have reached a record high, sparking a 6% rise in the share price to 6.7p. Profits were �569mln, up from �503mln in the previous year, on revenues of �4.9bn, up 13%.

Big name chain failures push up shopping centre and retail park store closures, with almost one in eight UK shopfronts now empty. 10:15am UK, Monday 20 May 2013.

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.

Some of Britain's most successful and eminent business leaders have accused Eurosceptic MPs of putting �politics before economics� and abandoning the national interest in their calls for Britain to leave the European Union.