The Excalibur Steel management buyout has emerged as the frontrunner to rescue Tata Steel UK, although concerns about funding and pensions could still derail the bid.
Trinity Mirror's chief executive defended his strategy on Thursday after the abrupt closure of The New Day, the publisher's new national newspaper, two months after launch.
European equities rebounded from their biggest four-day drop since the height of the February slump amid earnings reports and rising crude prices.
The growth of the British economy appears to have stalled in the second quarter of the year as companies and consumers put off decisions to spend until the outlook is less uncertain.
Saudi Arabia's stock exchange, the biggest in the Middle East and Africa, hired HSBC Saudi Arabia Ltd. as a financial adviser for its initial public offering.