Scotland's largest independent regional brewer Belhaven is being taken over by Greene King in a £187m (€275.7m) deal, it was announced today.

The fall-out from a disappointing week for US earnings reports pushed the FTSE 100 Index back below the 4,800 mark today.

Wolverhampton & Dudley is celebrating its successful defence of a £485m hostile bid from pubs group Pubmaster.