15.00: The Footsie was modestly lower in late afternoon trading weighed by a fall in oil prices, even though US stocks found strong early gains thanks to more big takeover moves across the Atlantic.
Judges on The X Factor. ITV is not expected to make cuts to its annual programming budget of more than �1bn. Photograph: Syco/Thames TV/PA.
Manufacturers' association EEF said it was concerned Treasury was moving slowly over new industrial strategy. Photograph: Piero Cruciatti/Rex.
A planned price hike in Marmite brought home to many the everyday consequences of a free-falling pound. Photograph: Christopher Thomond for the Guardian.
SCANDAL-hit Cobham was torpedoed by another shock profit warning today after bosses talked down the company's fortunes for the rest of the year.