Savers continue to suffer despite inflation easing back last month, a financial information website has warned. Inflation figures released this morning show the consumer prices index fell in April to 2.4 per cent from 2.8 per cent in March.

The 52-year-old steps down a year after becoming embroiled in a fiasco surrounding the Olympics that saw the military drafted in to provide security for the games after G4S was accused of presiding over a shambles.

It's back to basics on the FTSE 100 this morning, with the biggest movers at both ends of a steady index tracking changes to their earnings guidance.

Rocketing growth in China helped annual sales at Burberry hit �2bn for the first time as the British luxury goods group banks on the giant Asian economy and Latin America for further growth.

May.21 - Vodafone's posted the largest ever fall in its main revenue measure, forcing it to keep a dividend from Verizon, its healthy U.S.