The number of people who made complaints about payday loan companies soared by 178% in the year to March, the Financial Ombudsman has revealed.

HS2 is an over-priced, gold-plated project and will fail in many of its objectives a group of transport experts warns.

Oil continues its recovery, with prices rising above $50 a barrel for the first time in 2016 as a result of supply disruptions and increased global demand.

Beijing accuses the US of damaging trade after Washington levies new duties of up to 450% on some steel imports from China.

Department store chain Debenhams appoints Amazon's European fashion boss as its new chief executive.

Shares in Japanese air bag maker Takata jump 20% following a report that US private equity firm KKR could take a majority stake in the company.

The London market edges higher at the start of trade, but shares in the Daily Mail's parent company slide after it reports falling profits.

Savers withdrawing money from their pension pots could face a maximum exit charge of 1%, under plans released by the Financial Conduct Authority (FCA).