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Assets managed by Woodford Equity Income slipped from £10.2bn to £8.2bn between May and December after a series of bets went badly wrong.

Joules chief executive Colin Porter raked in £2.4m after he disposed of 750,000 shares at 325p each. Porter still has 1.5m shares and holds a 1.7 per cent stake.

Advisors told pension trustees six years ago that executives were prioritising hefty pay-outs to shareholders over filling the widening gap in the fund, documents show.

It is the latest battle in a campaign launched last April by Elliott, which has a 4.1 per cent stake in the £88bn miner and claims it has been underperforming rivals such as Rio Tinto.

Booker chief executive Charles Wilson has been made chief executive of the group’s retail and wholesale division following Tesco’s £4bn purchase of Booker.

Vodafone has confirmed it is once again in talks with cable group Liberty Global, with the British telecoms giant saying it could snap up some of Liberty’s European empire.

Randgold Resources has threatened legal action against the Democratic Republic of Congo over a mining code which will increase royalties owed to the government.

The Mayor of London has announced plans to give UK buyers 'first dibs' on new build homes in the capital priced at up to £350,000.

More than 900 jobs have been axed by Lloyds Banking Group as part of a sweeping shake-up across five divisions at the lender. The move will lead to the creation of 465 new roles throughout the business.

Provider Zebra Fuels says it offers diesel prices that are competitive with forecourts in Central London, though it charges a rate of £2.99 for off-peak deliveries and a £3.99 fee during peak hours.

The average age of a BMW driver is 52, though that drops to mid 40s for the X6 SUV favoured by professional footballers and young entrepreneurs. Now bosses want to bring that down even further.

Ryanair shares have fallen on the back of a gloomy outlook despite a 12% profit hike while the FTSE 100 failed to recover from this morning's 1% fall.

London shares have suffered their worst four-week period since October 2016 as the FTSE 100 index took another 1.4 per cent hit today.

Growth in Britain’s services industry hit a 16-month low in January amid existing client losses, weak gains in new work and ‘lingering concerns’ about Brexit

Ryanair shares have fallen on the back of a gloomy outlook despite a 12 per cent profit hike while the FTSE 100 has failed to recover from this morning's 1 per cent fall.

Nick Jones, 54, who is married to Desert Island Discs presenter Kirsty Young, still owns a 10 per cent stake in the business, which he founded in London in 1995.

SMMT chief executive, Mike Hawes, said drivers were 'hesitating' to buy new cars and was apprehensive about consumer reluctance to opt for other fuel types instead of diesel.

Homebase’s Australian owners Wesfarmers blamed ‘poor’ trading results and a £454million impairment charge related to its takeover of the company.

Brexit uncertainty and potential disruptions from unions have hit Ryanair's outlook for the year with its boss Michael O'Leary issuing a 'cautious' trading update on Monday despite rising profits.

Wilson will take over from Matt Davies, who was parachuted into the company three years ago in the wake of the 2014 accounting scandal, in April after a handover period.