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 have hit a record average high of �181,619 across England and Wales after overtaking their pre-recession peak. The Land Registry says average prices rose by 1.1% from May to June, taking them above a previous high of �180,983 in 2007.
... * 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.