HSBC and StanChart close their offices, the stock exchange is shut and borrowing costs rise amid the turmoil in Bahrain.

Five councils are to help first-time buyers get on the housing ladder by topping up their initial deposit.

Japanese stocks are rising on Wednesday as concerns over the long- term impact of Friday's earthquake and tsunami on Japan's economy ease.

Foreign firms are evacuating staff in Japan to safer distances, after fears of a radiation leak escalate.

The number of new mortgages lent to house buyers slumped by 29% in January, the Council of Mortgage Lenders said

Ratings agency Moody's downgrades Portugal's sovereign debt, while the government's austerity plans run into opposition.

Bakery chain Greggs reports record profits of £52.5m for 2010, helped by new store openings and refurbishments.

Fashion retailer French Connection says the economic climate will remain difficult but it is confident it can deal with it.