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British Airways reports a sharp jump in annual profits to £883m but its boss says he will not accept a bonus.
Oil prices hit a record approaching $128 a barrel for the first time on fresh worries about global supplies.
Plans to tackle use of plastic bags are a diversion from the real environmental issues, a government adviser says.
Rail passengers will see the first phase of changes to the ticketing system introduced on 18 May.
Regulator Ofcom says it will spend six months investigating Phones4U over alleged mis-selling.
Consumers will be "crucified" unless ministers change the target for fighting inflation, a leading economist warns.
Construction of new US homes increased in April, raising hopes that the housing market may be recovering.
US consumer sentiment is now at its lowest level in almost 28 years, says a closely-watched survey.
US conglomerate General Electric is set to quit the household appliances market after 100 years.
Indian mobile firm Bharti Telecom is in talks about buying South Africa's MTN, reports say.

Options for exchanges and trading platforms. Platforms to facilitate trading and exchanges for dealers.
A list of financial media and publications. There is a wide range of financial publications and media in the UK.
Financial seminars and events for the business world. Events and seminars on finance topics are invariably popular.
Independent financial advisors IFAs helping people make investment choices. Financial advisors who are independent, or IFAs, are listed here.
Information technology services for companies. Services in technology and information are necessary if your firm is to run smoothly.
Insurance and risk management is a crucial consideration for firms. Calculate your insurance risk and verify your insurance management.
Investment banking is composed of buying and selling commodities and cash. Banking organisations profit from making the right investments.
Islamic banking is increasingly popular worldwide. Banking according to Islamic law.
Legal and compliance experts help the financial markets stay within the law. Compliance and legal obligations can be fulfilled with legal assistance.
Leisure dining and entertainment is an essential part of the finance world. Entertainment such as dining and leisure can help secure business deals.
Off shore banking can save individuals and companies a lot of money in tax. Banking in some off shore countries is tax free.
Private banking is an area of the financial markets that deals with the banking of wealthy private individuals and potential small companies.
Recruitment and Training offers access to young professionals to improve their recruitment chances or gain further training in the financial markets
Regulatory and professional bodies like the FSA ensure finance companies are abiding by professional ground rules made by regulatory bodies.
Tax accountancy and auditors services are a crucial budgetary concern. Auditors and tax accountancy services are plentiful.