The North Sea oil industry is �close to collapse�, an expert has warned, as a slump in prices piles pressure on drillers to cut back investing in the region.
LONDON/DUBLIN (Reuters) - Aer Lingus has rejected a takeover approach from the owner of British Airways, which is keen to gain control of the Irish airline's slots at London's Heathrow Airport.
UK retail sales surged in November, growing at the fastest pace in a decade as consumers took advantage of pre-Christmas discounts.
Switzerland is to charge its banks to park cash with its central bank in a bid to weaken its currency which has strengthened as a result of the crisis in Russia.
The UK government has recovered a further �1.36bn of taxpayers' money, six years after bailing out thousands of British depositors after Icelandic lender Landsbanki collapsed.