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Financial literacy should be improved among both pupils and adults, says the Education Secretary David Blunkett.

Speaking to the Chartered Institute of Bankers, Mr Blunkett called for joint ventures between the government and financial institutions to develop a better understanding of personal finance. (BBC News)

FRS 8 defines a related party to include an entity’s subsidiaries, associates, joint venture interests, directors and close family members of directors. (FRS 8 Related Party Disclosures)

MTR’s LOROL joint venture with Arriva UK Trains currently operates London Overground inner-suburban services under a concession awarded by TfL. (Railway Gazette)

The company has also decided to give up its share in the joint ventures PEDL256 and PEDL155, including the Havant prospect. (energyvoice.com)