The Federation of Small Businesses is deeply alarmed about the prospect that firms could be charged negative interest rates by their banks.
Profits at oil giant BP plunged 44% to 720 million US dollars (�549 million) in the second quarter. The slump in underlying replacement cost profit, the benchmark industry measure, comes as the sector battles low oil prices.
Britain needs a new financial watchdog to punish wrongdoing in order to win public confidence, further reshaping a regulatory structure that was overhauled just three years ago, the Treasury Select Committee has said.
BUSINESS optimism has deteriorated at its fastest pace since January 2009 and investment intentions have been scaled back following the Brexit vote, the CBI has said.
Amazon plans to test its delivery drones in Britain, meaning customers in the UK could soon receive their packages from the internet giant by air, rather than post.