New credit crunch risk as banks face funding crisis Britain is facing a second credit crunch as banks shrink their loan books to avoid a funding crisis, a leading analyst has warned.

Private equity lines up for Card Factory Husband and wife team Dean and Janet Hoyle are set for a £350m windfall after several private equity firms delivered bids for their Card Factory greetings cards retail chain.

Fitch warns Britain and questions Greek rescue as sovereign risks grow Fitch Ratings has delivered a serious blow to the credibility of the Government's budget plans.

Renewed fears over Britain's recovery The economy suffered a major setback yesterday after a fresh warning on the deficit, a weaker pound, and the sharpest fall in exports in more than three years heightened fears that Britain is in store for a double-dip recession.

New York state faces $9.2bn budget black hole New York state to examine the amount of taxes paid by Wall Street bankers as it tries to narrow its ballooning $9.2bn budget deficit.

Google sets its sights on television dominance First it conquered the internet. Then it took on mobile phone providers. Now Google has set its sights on television.

Rupert Murdoch: Gulf should lift media restrictions Rupert Murdoch, chairman of News Corp, has called on the Middle East to open itself up to foreign competition to fulfil its potential as a future media hot spot.

Cost of mis-sold PPI policies tipped to hit £203m The likely cost to insurers of compensating customers who are mis-sold payment protection insurance (PPI) has more than doubled to £203m a year.

Large-caps lose steam on bull rally birthday The bull rally might have celebrated its first birthday yesterday, but the party turned into something of a damp squib as the FTSE 100 spent much of the day in the red.

Property agent finds it can do without Cannes

Questor share tips: Antofagasta's cash makes it a copper-bottomed play Antofagasta Questor says BUY

Questor share tips: Hill & Smith weathers the downturn Hill & Smith Questor says BUY

Sir James Dyson's hi-tech message for Britain does come out in the wash Britain can't PR its way out of the financial black hole," says Sir James Dyson in typically blunt fashion.

£2.85m insurance bill for pothole-damaged cars Insurers paid out an estimated £2.85 million in claims last month to people whose cars were damaged by potholes, research has found.

Business Bullet: Markets, UK trade, Banks, Greece The latest news on: Markets, UK trade, Banks, Greece

China says gold is 'unlikely' to be primary investment China says that adding to its gold reserves will hurt Chinese consumers of the yellow metal.

UK exports plunge, threatening hopes of economic uplift Exports suffered their biggest fall in more than three years during January, dashing hopes that trade would help lift the economy.

Business Bullet: Asia, Gold, RBS, Lookers The latest news on: Asia, Gold, RBS, Lookers

Economic Policy: General Election 2010 Key issues, the latest news and Labour, Liberal Democrat and Conservative economic policy.

EADS slumps to loss as A400 fails to takeoff The owner of planemaker Airbus scraps its dividend as overruns on the troubled A400 military plane drives it to a loss last year.