The Royal Navy's new aircraft carrier is in the process of leaving its home port for the first time. HMS Queen Elizabeth - one of two new carriers being built at Rosyth dockyard in Fife at a cost of more than �6bn - is to begin sea trials.
Holland & Barrett has been acquired for �1.8 billion by a retail investment fund controlled by Russian billionaire Mikhail Fridman.
The Co-operative Bank is no longer up for sale as it closes in on agreeing a rescue package with existing investors which would put it on a secure financial footing.
Hornby, the lossmaking toy manufacturer of Airfix planes and Scalextric cars, says it is “significantly undervalued” by a takeover offer from its majority shareholder Phoenix Asset Management.
'The main cause of the next recession will perhaps resemble more closely that of the latest one - a financial cycle bust,' the BIS said.