Minister Creed said the sector will play its part in the transition to a low carbon, climate resilient economy and society of the future, while also taking advantage of the opportunities this challenge presents.

UK retail banking customers enjoy the benefits of a highly competitive market which has seen aggressive pressures on mortgage pricing, personal loan pricing, and savings rates.

England winning the Euro 2016 soccer championships in France is the biggest single risk to Ladbrokes’ profit this year, chief executive Jim Mullen said.

Ryanair has put longer-haul route ambitions to the likes of Russia on hold and will focus on closer destinations like Germany to fuel short-term growth.