The Abu Dhabi sheikh who helped bail out Barclays Bank with a £3.5bn investment at the height of the financial crisis, has sold his interest in the UK bank, the Financial Times reported.

Martin Wheatley, Chief Executive of the Financial Conduct Authority, said he doubts the planned criminal offence of reckless banking will lead to senior bankers being jailed but welcomed George Osborne’s new strategy to criminalise misconduct, The Times revealed.

Google reported quarterly revenues that fell short of expectations and the search engine failed to keep pace with the rapid shift from desktops to mobiles and fell short of analysts’ expectations, according to The Telegraph.

Ryanair boss Michael O’Leary has said ‘Boris Island’ would waste billions, after the London mayor put forward airport plans for sites in England’s Thames estuary, The Guardian said.

The Serious Organised Crime Agency has refused to disclose the names of blue-chip companies who commissioned corrupt private investigators who broke the law because revealing them would damage the firms’ commercial interests, The Independent has learnt.