Economics

Shares in Lloyds Banking Group fell more than 5% this morning after the government sold another 7.8% of its stake in the bank last night.

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The UK's headline inflation rate dropped to 1.7% in February, its lowest level since late 2009.

Royal Mail, which was recently floated on the stock exchange, has announced it is scrapping a total of 1300 roles in a cost-cutting drive, with shares falling as the initial cost of the cuts spooks investors.

Russia has said it expects outflows in the first quarter of this year to total $70bn as sanctions hit the country's economy harder than expected.