The incoming governor of the Bank of England has warned Europe it must make "sustained and significant reforms" if it is to avoid a Japanese-style lost decade caused by austerity measures.

LONDON�Burberry Group PLC showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday.

The chairman of the Commons home affairs committee has branded a �1.2m payoff to outgoing G4S chief executive Nick Buckles "astonishing" given his role in the Olympics security fiasco last summer.

Major shareholders had urged Vodafone to distribute most of the special dividend from its 45pc stake in the growing American operator.

In words that will underline his status as a monetary activist and fuel speculation that he will try to relaunch quantitative easing (QE) when he arrives in the UK, Mr Carney applauded Japan's �bold policy experiment� to boost dramatically its own QE programme ...