Online grocer Ocado has unveiled improved sales growth against a backdrop of more aggressive competition from Britain's biggest supermarkets.

Department store chain House of Fraser has said sales continued their "positive momentum" despite economic uncertainty and the weather.

A greater focus on the menswear market has boosted Burberry as the luxury goods group reported a 24% jump in annual profits.

The pressure on Bank of England policymakers has been underlined as minutes revealed their decision not to inject more cash into the struggling economy earlier this month was "finely balanced".

BSkyB has been handed a reprieve by the competition watchdog after a ruling over the broadcaster's stranglehold on pay-TV movies was reversed.

Clothing retailers suffered their worst sales performance in nearly four years in April, official figures have shown, as heavy rain dampened demand for a new summer wardrobe.

Greece's four biggest commercial banks are to receive an 18 billion euros (£14.5 billion) cash injection from the European bailout fund.

Doubts over the ability of EU leaders to deliver measures to ease the region's debt crisis have triggered a 2.5% slump for London's leading shares index.

Car giants Mazda and Fiat are working together on developing and manufacturing a roadster, or two-seater convertible, although the two companies will come up with different, distinctly styled models.

FirstGroup has put more of its bus services on the block after admitting fuel costs, lower demand and reduced subsidies were hurting the division.

A new player in the small business lending market is set to emerge after building society Nationwide unveiled plans to build up a range of services in the coming years.

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its stock market flotation last week, selectively informed clients of an analyst's negative report about the company before the shares started trading.