Dwell, the troubled upmarket furniture retailer, is on the brink of administration, making it the latest high-street casualty and putting up to 200 jobs at risk.

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We are losing £100bn annually through aggressive tax avoidance

The cascade of revelations in recent months showing multinational companies doing a huge amount of business here and yet paying virtually no corporation tax has provoked widespread public demands for something to be done. But people tend to be rather hazier on what that "something" should be.

Paddy Power, the Irish bookmaker, is celebrating a bumper year and has told its annual meeting in Dublin that revenues are still surging.

In the city

Sir Roger Carr was back beating the drum for greater diversity at the top of British companies at an Ernst & Young reception on Tuesday night.

The UK economy’s powerhouse services sector moved firmly on to the front foot in April, stacking the odds against a return to the printing presses by the Bank of England’s rate-setters next week.

Another dose of money-printing from the Bank of England looked off the agenda today after Britain’s powerhouse services firms produced their strongest growth since April  last year.

Imagination Technologies saw its shares crash by a quarter yesterday after a shock profit warning from the chip designer, which makes the graphic-processing technology for Apple's iPhone and iPad.

Heightened political tension in Seoul, large refurbishment closures and bad winters either side of the Atlantic saw profits at the international hotel group Millennium & Copthorne drop 35 per cent in the first three months of the year.

Facebook's revenues soared by 38 per cent over the first quarter, the social network said yesterday, as it earned more from mobile ads and grew its user base to over 1.1 billion active users every month, up 23 per cent in year on year terms.

Institutional investors awash with cash and soaring emerging markets saw fund manager Aberdeen Asset Management deliver a forecast-busting 37 per cent rise in first-half profits with a 36 per cent dividend hike.