Tina Brown, the ex-editor of Vanity Fair, the New Yorker and Talk magazines, is leaving The Daily Beast, the online news site she founded in 2008.

The process of selling off a majority stake in Royal Mail will begin on Thursday morning, the BBC's Newsnight programme has learned.

Shares of Mitsubishi Motors fall as much as 8% after a report claims that the firm is planning to offer new stock worth 200bn yen ($2bn; £1.3bn).

Apple's shares fall more than 5% as investors worry that the firm's latest iPhone models may not help it increase its share in emerging markets.

The government announces that it will privatise the Royal Mail in the coming weeks, with shares offered to employees, institutions and the public.

Morrisons, the UK's fourth largest supermarket chain, reports a fall in half-year profits as it finalises its online shopping agreement with Ocado

£150m in compensation is expected to be paid to former Harland and Wolff workers who contracted asbestos-related diseases while working at the shipyard.

Shares in London are boosted by the retail sector after positive comments from the boss of supermarket chain Morrisons.