NEW YORK Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.
The Bank of England is to push ahead with its new rules for banks on ringfencing their retail operations, shrugging off criticism from one of the architects of post-crisis reforms that its regulation system will be too weak.
Viewed in isolation the idea looks like a reasonable fudge but once obligations are changed where does the process stop? Steelworkers wave banners during a protest march in London on Wednesday.
Daily Mail & General Trust (DMGT) actually beat some City forecasts at the half-year stage, although you wouldn't think so looking at its dreadful share price.
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.