LONDON - The British oil giant BP said on Tuesday that it had lost $5.8 billion in the second quarter, reflecting a huge settlement over 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.
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.
The Co-operative supermarket is back in growth for the first time in a year, with a new focus on convenience stores seemingly winning customers back.