The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in the number of loans taken out by UK consumers.
Axa is to sell Elevate, a business which handles nearly �10bn of UK investments, to Edinburgh-based insurer Standard Life. The move is one of a trio of deals worth up to €830m in total that will complete the French group's exit from UK life assurance.
Sainsbury's has warned that it expects the market to remain competitive for the "foreseeable future" after posting a near 14pc fall in annual profits due to the cost of the intense supermarket price war.
Standardised tobacco packaging has been cleared to finally go ahead later this month after Europe's highest court rejected a series of legal challenges.
Cold, damp weather in March and April reduced demand for clothing over the past six weeks, Next said. Though sales have improved in the past few days as weather has improved, the company said demand for clothes could stay weak.