The former deputy governor of the Bank of England Rachel Lomax says she will not be applying to be the bank's next governor.

The government-backed "business bank" planned by Vince Cable will need £40bn to effectively boost lending to UK firms, says the think tank IPPR.

Mis-selling scandals and the financial crisis means bankers are now trusted less than estate agents, according to consumer group Which?.

Japan Airlines shares rise 2.6% on strong demand, almost three years after it filed for bankruptcy in one of Japan's biggest corporate failures.

Dutch brewer Heineken ends the stand-off over control of the maker of Tiger beer, by garnering the support of a Thai billionaire.

The government's youth contract is not enough to tackle the scale of youth unemployment, a group of MPs says.

Fashion chain French Connection reports a half-year loss as sales fall during a "very difficult" six months.

The Bank of Japan extends its asset purchasing programme, following similar moves by the Federal Reserve and the European Central Bank.