•BHS fell into administration, putting 11,000 jobs in peril at the loss-making store chain, which also needs to plug a £571m pension fund deficit.
•MPs demanded to know whether Topshop tycoon Sir Philip Green, who sold BHS for £1 to Retail Acquisitions, led by two-time bankrupt Dominic Chappell, just over a year ago, had avoided his responsibilities on the pensions.
•Investigators at the Serious Fraud Office are now examining BHS’s collapse.
•The clothing retailer Austin Reed went into administration, putting 1,200 jobs at risk.
•Polestar, which prints Hello! and Radio Times, has gone into administration, putting almost 1,500 jobs in jeopardy.
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•Weir, the FTSE 250 engineering company, had its executive pay policy defeated by 72% of shareholders. At Shire, the pharmaceutical giant, 49% of investors voted against a 25% pay rise for £14m-a-year chief executive Flemming Ornskov.
•Standard Chartered reported profits of $589m (£403m) for the first quarter, down 59% on a year earlier but an improvement on the back end of last year, while revenues of $3.3bn were down 24% on a year earlier.
•Glaxo Smith Kline reported profits of £560m for the first quarter, with sales leaping 11% to £6.2bn.
•Scottish Power, owned by Iberdrola of Spain, has been fined £18m after more than 300,000 people received late or incorrect bills when customers were moved to a new £200m computer system.
•French ministers put off until the autumn a decision on whether to allow EDF to build the £18bn nuclear plant at Hinkley Point, Somerset.
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•The Japanese carmaker Mitsubishi admitted it had lied about the fuel efficiency of its vehicles for the past 25 years.
•More than 5,000 cars a day are being produced in Britain, the fastest rate since 2004, the last year of full production at MG Rover’s Longbridge plant, with hopes of 1.75m vehicles being made this year.
•Royal Bank of Scotland, which reported a £968m loss for the first quarter, warned it might not be able to sell off its Williams & Glyn subsidiary to meet a European Commission deadline of the end of the year. Losses for the past eight years at the taxpayer-backed lender now total £51bn.
•Lloyds Banking Group reported pre-tax profits in the first quarter of £654m, down 46%, while revenues remained flat at £4.4bn.
•Kevin Ellis is to succeed Ian Powell as chairman of big four accountant PwC in the UK.