Taxpayers lost at least �230 million from the sale of a 6 per cent chunk of state-backed Lloyds Banking Group to the private sector, according to a National Audit Office report.
Unemployment in the UK has fallen sharply to 7.4 per cent of the workforce in a strong set of labour market data that raise fresh questions about when the Bank of England will start raising interest rates.
BP said it had made a �significant� discovery in the deepwater US Gulf of Mexico, but also said it was writing off $1.08bn after poor results from a well off the coast of Brazil.
Graham Mackay, the businessman who transformed SABMiller from a local South African conglomerate into a global force in brewing, has died aged 64.
The vast disruption that could be caused across the country by fracking has been laid bare, with the Government announcing it would make 40 per cent of Britain available to companies to explore for oil and gas next year.