Energy firms hit with £39m penalty
Regulator Ofgem imposes record £28m penalty on power generator Drax, while InterGen faces an £11m payout, for missing energy saving obligations
Weak yen and oil price lifts Nikkei
Japan's Nikkei closes at its highest level for two weeks, with exporters boosted by a weaker yen and airline shares helped by falling oil prices.
Woman wins £337m in divorce case
The American wife of London financier Sir Chris Hohn, Jamie Cooper-Hohn, is awarded £337m by a High Court judge in a divorce case.
Mortgage approvals fall by 16%
The number of mortgages being granted by Britain's banks falls by 16% over the last year, according to banking industry body, the BBA.
Scotland 'should set income tax'
The Scottish Parliament should have the power to set income tax rates and bands, the body on strengthening devolution recommends.