Bank of England governor Mark Carney has insisted the UK's poor trading performance and household debt mountain are no reason to panic as he challenged "pessimists" who believe the recovery could falter.
Annual wage rises are not expected to return to their historic norm of around 2% for a couple of years, the head of the UK's official fiscal watchdog has told MPs.
EADS is to cut 5,800 jobs at its defence businesses and close sites in Paris, Munich, Spain and Britain as it tries to lift its lagging profit margins and deal with the steep reduction in European defence spending.
Lloyds Banking Group Plc (LLOY), Britain's largest mortgage lender, is selling its stake in St. James's Place Plc (STJ) for about 701 million pounds ($1.2 billion) as it focuses on its main retail and commercial businesses.
Scottish consumers will pay more for food if they vote for independence in next year's referendum because Britain's big supermarket chains plan to raise their prices north of the border, senior executives have warned.