Royal Mail has been accused by Ofcom of breaching competition law after it introduced wholesale price changes designed to be more expensive for companies attempting to run a rival postal delivery service.
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.
Chinese shares have fallen for a second consecutive day, extending the severe losses suffered by investors on Monday, who endured the most vicious one-day in Chinese stocks for more than eight years.
LONDON - The British oil giant BP said on Tuesday that it had lost $5.8 billion in the second quarter, reflecting a huge settlement over the 2010 Gulf of Mexico oil spill.
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.