Crispin Odey, one of the UK's most successful hedge fund managers, has rejected BskyB's offer to buy the shares of Sky Deutschland.
British power station operator Drax reported a hit to first-half earnings from carbon taxes, but said it was making good progress with switching to biomass fuel.
Discounters Aldi and Lidl are booming at the expense of Tesco and Morrisons, research firm Kantar Worldpanel has said. Aldi saw a 32% sales growth rate for the 12 weeks to 20 July, said Edward Garner, director at Kantar Worldpanel.
Two of Europe's largest investment banks have both found themselves caught up in the widening regulatory probe into so-called �dark pool� alternative trading platforms.
For traders at Lloyds Banking Group, 'every little helps' when rigging benchmark interest rates, according to transcripts of conversations released by regulators as part of the bank's settlement.