BP is given the green light to press ahead with a new £4.5 billion exploration project west of the Shetland Islands, taking the oil major's development work in the North Sea to the highest level in its history... more
"Guess the suitor" seems to be the top game among traders this week. Yesterday, Regus rocketed on speculation of interest from an unknown party, and today it was the turn of Logica.... more
BP chief executive Bob Dudley is facing growing pressure to consider a radical break-up of the troubled oil giant, whose earnings are set to lag behind rivals... more
Will BP break itself up? That was the debate among analysts today after US crude titan ConocoPhillips decided to divide itself in two, essentially spinning off its refining assets... more
Royal Dutch Shell announces an 88% surge in profits to $4.9 billion in the third quarter, meaning it made more than $53 million a day during the period... more
Downing Street is extremely proud of its new Business Advisory Group. I don’t want to be a dreadful sceptic but I can’t help it: I feel the need to emit a large yawn... more
Shares in the UK’s best-known retailer Marks & Spencer were heading back towards their high for the year today with the help of another broker’s recommendation ... more
BHP Billiton, the world's biggest mining company, has a stack of cash burning a hole in its pocket and wants to spend it on a major acquisition... more
Energy: BG Group has offered to buy Pure Energy Resources for A$796 million (£359 million), topping a rival offer from Arrow Energy, Royal Dutch Shell's partner in Australian coal-seam gas... more
The price of oil was today falling back toward $100 a barrel for the first time in five months after the Opec cartel signalled there would be no need to make cuts in production in order to underpin the price... more
Energy: Gas giant BG Group has thrown in the towel in its tilt at Australian energy company Origin, after being faced with having to double its bid... more
Energy: Aussie gas producer Origin has tossed the ball back into BG Group’s court by agreeing with ConocoPhillips to an $8 billion (£4.51 billion) deal to develop gas resources for export... more
It was inevitable the financial sector would lead the charge on the stock market today, in response to the US Government’s decision to rescue mortgage lenders Fannie Mae and Freddie Mac with a cash injection in excess of £100 million... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
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