Italy's sovereign debt rating is cut by Standard & Poor's, the latest move in a deepening and continuing European debt crisis.

Complaints from customers to water companies in England and Wales have fallen for the third year in a row, falling by 4.5%.

Energy Secretary Chris Huhne will say he is determined to "get tough" with the six biggest energy companies, in his speech to the Lib Dem conference.

Italian luxury brand Prada's profits rise 74% on surging demand for its products in Asia.

UBS bank directors will meet in Singapore this week after the firm disclosed a $2.3bn (£1.5bn) loss due to rogue trades.

China closes a solar panel factory in the east of the country after violent protests by local residents over pollution fears, state media report.

Department store Debenhams says profits will beat forecasts as sales continued to grow, albeit slowly, during the summer.

Train operators criticise Transport Secretary Philip Hammond's comments about railways being "a rich man's toy", at a Lib Dem conference event.