Chinese internet giant Alibaba files documents for a public share sale in the US, completing the first step in what may be a months-long process before it makes its stock market debut.

Rolls-Royce agrees to sell its energy gas turbine and compressor business to Siemens for £785m.

An engineering skills shortage is looming, according to a new report which warns of the impacts of many UK engineers retiring and fewer young people who are attracted to manufacturing.

Most businesses outside Scotland want the nation to remain in the UK, according to a survey by the British Chambers of Commerce.

Lord Myners says the board of the Co-op Group is "manifestly dysfunctional" and the group needs drastic reform in order to survive in a highly critical report.

UK supermarket chain Sainsbury's reports a 16.3% rise in annual pre-tax profit to £898m for the year to 15 March.

HSBC profits have dropped 20% in the first quarter after a drop in revenues at HSBC's investment bank and last year's figures being boosted by asset sales.

ITV buys an 80% stake in US reality TV producer Leftfield Entertainment, the firm behind shows such as the Real Housewives of New Jersey.