Foxtons, the high profile London estate agency, says its income from home sales fell sharply at the end of last year.

Irish airline Aer Lingus says it is "willing" to accept a €1.36bn takeover offer from British Airways owner IAG if the interests of "relevant parties" are satisfied.

The UK's economy grew by 2.6% last year, the fastest pace since 2007, but there was a slowdown in the last three months, figures from the Office for National Statistics show.

A survey of 27,000 rail passengers found 81% were satisfied with the service last year, compared with 83% in 2013.

EDF says it will cut gas prices by 1.3%, the last of the "big six" energy firms to reduce prices in the wake of a fall in the wholesale price of gas.

Yahoo has announced a plan to spin-off its 15% stake in China's Alibaba Group and hand the business to its shareholders.

Microsoft reports falling profits but sales were helped by strong Xbox sales over the holiday season.

Russia's credit rating is cut to junk by US ratings agency Standard and Poor's for the first time in a decade.