Australian Grand Prix chief Ron Walker has described Formula One supremo Bernie Ecclestone as being “horrified” at the sport’s new quieter era – which could lead to a legal challenge.

All passengers on board the plane that crashed in Nigeria’s largest city have been killed, according to an aviation official.

Militants in Nigeria today released their last remaining foreign hostages, setting free two American oil-industry workers and one Briton after more than five weeks in captivity.

Bargain-hunters sought out cheap banking stocks today and helped to spark a welcome rally by the FTSE 100 Index.