A deputy governor of the Bank of England has warned against watering down financial services regulation to boost short-term growth, in what some will see as a rebuke to the government.
Stephen Hester could be heading for an early bath as the boss of RSA, the insurance firm that is now in play as a takeover target, following early-stage bid interest from Zurich that was unveiled on Tuesday.
House prices in the England and Wales hit record highs in June, overtaking the previous peak of the 2007 property market boom, according to official, Government data published on Tuesday.
... * Q2 results due to be released at 0600 GMT on Wednesday. * Adjusted pretax seen at 1.75 bln stg, up 5 pct from year ago. By Steve Slater.
BP Plc reported a $5.8 billion net loss last quarter, not including inventory holding losses, citing low oil prices and charges from the 2010 Gulf of Mexico oil spill.