Oil and gas giant Shell has been granted the final permit it needs to begin drilling below the ocean floor for oil in the Arctic.

Rail fares have risen nearly three times faster than wages over the past five years, new analysis suggests.

Google delays its plans to trial its modular smartphone concept, Project Ara.

Oil services firm Wood Group says it has cut 5,000 jobs this year as the fall in the price of oil has hit profits.

Nationwide estimates that tax changes announced in July's Budget could cost it £300m over five years and may hit lending.

Shares in Persimmon help to lift the FTSE 100 after the housebuilder reports a big rise in half-year profits.

The UK's inflation rate turned positive in July, with the Consumer Prices Index measure rising to 0.1% from June's 0%, the Office for National Statistics says.

Annual UK house price inflation picked up slightly to 5.7% in the year to June, according to official figures.