Sparks fly at Marks and Sparks after fall in profits
It remains Britain's biggest clothing retailer and saw £10 billion in turnover and group sales rise in tough times. So what is wrong at M&S?
Inflation fall is good news for new Bank governor
A fall in inflation may prove to be merely temporary. But it is a welcome boost to the incoming Governor of the Bank of England Mark Carney.
Sir Mervyn King warns against 'demonising' bankers
The outgoing governor of the Bank of England has warned against blaming individuals for the financial crash and recession.
Live updates
McCain: 'Why the hell' do iPhone apps need updates?
After questioning Apple CEO Tim Cook in a congressional hearing into their tax affairs, Senator John McCain said he was sorry they had run out of time as he had been meaning to ask a question that seemed to have been troubling him. As the hearing ended he said:
"What I really wanted to ask is why the hell I have to keep updating the apps on my iPhone all the time and why you don't fix that?"
Cook responded the company was "trying to make them better all the time."
Ireland denies operating as Apple's 'tax haven'
The Irish government have denied the country operated as a "tax haven" for global technology giant Apple. Ireland's deputy prime minister Eamon Gilmore told national broadcaster RTE:
"They are issues that arise from the taxation systems in other jurisdictions, and that is an issue that has to be addressed first of all in those jurisdictions."
His comments come after the US Congress released a 40-page document cataloguing possible reasons the group paid just 1.9% tax on its $37 billion overseas profits in 2012.
The report said: "Ireland has essentially functioned as a tax haven for Apple."
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Apple chief: 'We pay every tax dollar we owe'
Apple's chief executive, Tim Cook , told the US Congressional hearing into their tax practices that the company pay everything they are supposed to. Denying any impropriety he said:
We pay all the taxes we owe, every single dollar.
Sparks fly at Marks and Sparks after fall in profits
It remains Britain's biggest clothing retailer and saw £10 billion in turnover and group sales rise in tough times. So what is wrong at M&S?
Read the full storyInflation fall is good news for new Bank governor
A fall in inflation may prove to be merely temporary. But it is a welcome boost to the incoming Governor of the Bank of England Mark Carney.
Read the full storyGas and electric rising 7% and 8% year on year
by Chris Choi - Consumer EditorGas and electric prices are rising 7% and 8% year on year, the Office for National Statistics has said.
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RPI inflation rates both fall to 2.9%
The headline rate of retail price index inflation fell to 2.9% in April, from 3.3% in March, the Office for National Statistics said.
The underlying rate of retail price index inflation fell to 2.9% from 3.2% during the same period, the ONS added.
Reductions in motoring costs cited for UK inflation slide
by Chris Choi - Consumer EditorReductions in motoring costs are said to have brought UK inflation down, but I don't think many drivers would agree.
The fall of the inflation rate to 2.4% is still above the UK target, though.
House prices rose 2.7% in the year to March
House prices rose 2.7% in the year to March, slightly more than in the 12 months to February http://t.co/5m2dFpRvpW
From @statisticsONS on Twitter:Factory gate prices rose 1.1% in the year to April, down from a rise of 1.9% last month. Input prices fell 0.1% http://t.co/56VmH1x5Io
From @statisticsONS on Twitter:CPI inflation rate fell to 2.4% last month from 2.8%
The rate of consumer price index inflation fell to 2.4% in April, from 2.8% in March, official figures showed today.
It is the first time inflation has slowed since Autumn 2012.
