Transport company FirstGroup has announced a £615m rights issue in a bid reduce its debt after its full year profit dropped by over a third.

Discount airline Ryanair reports record full-year profits and rising revenues despite soaring fuel costs, but hits out at "bizarre" EU takeover decision.

A number of prominent business leaders accuse those calling for Britain to leave the European Union of "putting politics before economics".

David Cameron has called on British overseas territories to "get their house in order" and sign up to international treaties on tax.

Yahoo's board approves a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m), US media reports say.