The Excalibur Steel management buyout has emerged as the frontrunner to rescue Tata Steel UK, although concerns about funding and pensions could still derail the bid.
European equities rebounded from their biggest four-day drop since the height of the February slump amid earnings reports and rising crude prices.
Trinity Mirror's chief executive defended his strategy on Thursday after the abrupt closure of The New Day, the publisher's new national newspaper, two months after launch.
The UK service sector, which covers everything from= to financial services to hotels, has slumped. Photograph: Nick Ansell/PA. Katie Allen.
Saudi Arabia's stock exchange, the biggest in the Middle East and Africa, hired HSBC Saudi Arabia Ltd. as a financial adviser for its initial public offering.