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The UK's gross domestic product (GDP) rose by 0.1% in February, with the manufacturing and services sectors posting higher output, offsetting a significant decline in construction activity.

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The US audit regulator, the Public Company Accounting Oversight Board (PCAOB), has fined KPMG Netherlands a record $25 million (around £20m) after it found that hundreds of the firm's staff, including senior partners and managers, cheated on professional exams.

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Aberdeen-based pipeline engineering specialist STATS Group, a wholly owned subsidiary of Mitsui & Co, has announced that chief executive officer Leigh Howarth is stepping down in a planned leadership transition and will assume a non-executive director role with the company. Stephen Rawlinson, ST

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