The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

Plus: The future of the House of Lords; funding care; the need for ID; why tough prison sentences make economic sense; and headlight glare ...

The 35th Battalion was formed in December 1915 in Newcastle, New South Wales. The bulk of the battalion's recruits were drawn from the Newcastle region and thus it was dubbed "Newcastle's Own".

The 2/25th Battalion was formally raised in Brisbane on 1 July 1940. Recruited in Queensland, it began assembling at Grovely Camp on 15 July, and subsequently trained at Grovely (15 July-15 October) ...