LONDON BP's (BP.L) second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion (7 billion pounds) charge related to the 2010 Gulf of Mexico oil spill.
Communications regulator Ofcom has accused Royal Mail of breaching competition law after it proposed raising prices for its bulk mail delivery customers.
Zurich Insurance has confirmed that it is mulling plans to launch a takeover bid for its under-pressure rival, RSA Insurance, Britain's biggest commercial insurer.
SHANGHAI Chinese shares fell on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy.
The Co-operative supermarket is back in growth for the first time in a year, with a new focus on convenience stores seemingly winning customers back.