Business and Economy

BoE pumps more cash into economy to shore up recovery

9 Feb 2012

LONDON (Reuters) - The Bank of England set the money press rolling again on Thursday, saying it will pump another 50 billion pounds into the economy to bolster a fragile recovery and shield Britain from fallout from the unresolved euro zone debt crisis. The bank's decision to print more money to buy government bonds comes despite signs Britain may avoid slipping back into recession and fresh ...

Shoppers Drug Mart profit rises on higher sales

9 Feb 2012

TORONTO (Reuters) - Shoppers Drug Mart Corp , Canada's biggest pharmacy chain, said on Thursday its quarterly profit rose along with sales, especially in its non-prescription business, and its shares rose 2 percent. Front-of-store sales, which include over-the-counter medications, cosmetics, food and drinks, rose 5.5 percent in the fourth quarter, outpacing prescription revenue, which was up 2.3 ...

Bonus row 'is not anti-business'

9 Feb 2012

Ed Miliband hits back at the chancellor's warning that a row over bank pay and bonuses threatened to create an "anti-business culture".