A lack of confidence among consumers has pushed up savings levels in the last year despite the low rates of interest available, banks say.

The Today programme's Friday Boss is Burberry chief executive Angela Ahrendts.

Co-operative Bank has stopped offering new business loans amid concerns over its capital position and talks with UK regulators.

Germany's economy barely grew in the first quarter of the year, figures show, as private consumption helped offset shrinking exports and investment.

The cost of energy used to be roughly the same on both sides of the Atlantic, but the US-led revolution in shale oil and gas has sent prices tumbling.