The Church of England says it no longer has any investment in payday lender Wonga.

Taxpayers may have lost out on around £1bn in undervalued Royal Mail shares and assets, a committee of MPs says.

Complaints about payday loans have more than doubled in the last two years, according to the Financial Ombudsman.

After seeing heavy falls on Thursday, triggered by concerns over Portugal's biggest listed bank, the FTSE 100 makes a steady start to the day.

Infosys, India's second-largest IT services firm, reports a 21% increase in quarterly profit and maintains its revenue growth forecast.

Investors have delivered a blow to fashion house Burberry, by voting against the company's pay policy at the annual general meeting in London.

Portugal's central bank seeks to steady investors' nerves, saying the country's largest listed bank, Banco Espirito Santo, does not need extra funds.

Katie Melua admits she was "clueless and inexperienced" when she was advised to sign up to a tax avoidance scheme known as Liberty.