Pensions are still the most tax-efficient form of savings, despite forthcoming tax changes, says the Institute for Fiscal Studies (IFS)

Hundreds of planned sheltered accommodation units have been delayed or scrapped owing to proposed cuts to housing benefit, the BBC learns.

Japan's telecoms giant Softbank Group has announced its biggest buyback of shares to-date, sending its shares up more than 14%.

Shares in Asia rise on Tuesday following stocks in Europe and after Japan's shares finished 7% higher on Monday.

Power firm Drax says consumers could save £2bn if the government allows biomass to be eligible for future subsidies.

France's EDF will extend the life of four of its eight UK nuclear power plants by between five and seven years.

Anglo American reports a pre-tax loss of $5.5bn (£3.8bn) for 2015 as sinking commodity prices hit the mining giant.

London's leading share index rises 0.5% on Tuesday as oil prices rise on hopes of a global output reduction.