LONDON BP's (BP.L) second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion (7 billion pounds) charge related to the 2010 Gulf of Mexico oil spill.
Royal Mail has been accused by Ofcom of breaching competition law after it introduced wholesale price changes designed to be more expensive for companies attempting to run a rival postal delivery service.
Zurich Insurance has confirmed that it is mulling plans to launch a takeover bid for its under-pressure rival, RSA Insurance, Britain's biggest commercial insurer.
GDP growth is set to return to form later but many people say they are not feeling the benefit and their lives have got worse. 02:59, UK, Tuesday 28 July 2015.
The temperature in this small airconditioned room of a brokerage in Shanghai's Xuhai district was cool, as was the mood even though the stock market had dropped again for the second day running.