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Bristol Business NewsBAE Systems announces it is to axe almost 1,000 jobs across the UK, with 740 to go from five sites in England.
About 2,500 jobs are saved after administrators KPMG agree to sell most of Connaught's failed social housing group.
The government is planning to reduce the annual welfare bill by a further £4bn, Chancellor George Osborne tells the BBC.
Spain's government says it will keep labour market reforms agreed in June which make it cheaper to sack workers.
Central bank governors and senior regulators are to impose tighter restrictions on the level of assets banks must hold, the BBC has learnt.
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.
News supplied by BBC
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