Home-owners wanting to take advantage of tumbling mortgage rates are being warned to look out for high fees attached to them.

Factory activity in the world's second largest economy, China, steadied in April, coming in slightly above market expectations.

Lloyds Banking Group says it has recorded a loss of £660m on the sale of TSB to Spanish bank Banco de Sabadell.

Model train maker Hornby, which also owns the Scalextric and Airfix brands, says it is set to report its first annual profit for three years.

Aramco, the Saudi state oil company, is to be separated from the oil ministry as part of a wider restructuring.

Shares in the professional social network site LinkedIn fall sharply in after-hours trading as the company cuts its revenue forecast.

The Church of England will sell investments worth £12m in companies where more than 10% of revenue comes from the "worst-polluting" of fossil fuels.

Asian markets head lower despite a slew of economic data from the world's third largest economy, Japan, showing signs of a recovery.