London: BP's second-quarter profits missed expectations on Tuesday after the British oil and gas company took a $9.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill.
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.
Cash-rich Zurich Insurance is weighing a bid for British rival RSA which could top $8 billion and attract counter-offers as insurers look to diversify amid toughening regulations.
High Street clothing retailer Next has said full-price sales rose by 3.5% in the half year to 25 July. The fashion company - seen as an indicator of the health of the retail sector - also said profits would be higher than expected.
Royal Bank of Scotland has announced plans to sell a $2bn (�1.3bn) stake in its US subsidiary Citizens Financial Group as part of its continued efforts to rid itself of non-core assets.