The bosses of leading City firms are to be made more accountable for their actions under proposals that could make them wait up to seven years for their bonuses and potentially be jailed if their banks fail.
Centrica Plc (CNA), grappling with an antitrust probe and the resignations of three senior managers, reported a 31 percent drop in first-half profit because of losses at its gas-fired power-generation business.
AstraZeneca, the drug maker which recently saw off a �70bn takeover attempt, has surprised investors by raising its full-year outlook following six months of "significant progress" in selling its new drugs.
AMSTERDAM (AP) Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.
Despite the slowdown, the average cost of a home reached a new high on Nationwide's index, hitting �188,949. Photograph: John Stillwell/PA.