Credit downgrade is symbolic blow to American prestige and should spur Washington to get its fiscal house in order

Entrepreneur David Adelman said family offices can provide more expertise and more patient capital than private equity or venture funds.

The publisher of the Daily Mail has held talks in recent days about taking a minority stake in the Telegraph newspapers as part of a deal to end the two-year impasse over their ownership.

Energy bills are set to fall from this July and will continue to drop in the autumn and winter, a forecaster has said.