Manufacturing contraction, loan success, and UK growth - here's your need-to-know business news roundup.
UK manufacturing gave its worst performance for three years during May.
This is according to the latest Markit/Cips survey, which suggests that the the sector contracted over the month. [BBC]
Small firms have had a 40 per cent success rate in overturning loan rejections through an appeals process.
The process was introduced in 2010 as part of the establishment of the Business Finance Taskforce. [Telegraph]
The UK economy will grow by just 0.1 per cent during 2012 according to the British Chambers of Commerce.
The group cut its forecasts dramatically, and has encouraged the government to boost spending. [ThisIsMoney]