Stricken retailer Blacks Leisure confirmed today it will go into administration but said it still hopes most of the business will be salvaged by buyers. Newcastle United owner Mike Ashley's Sports Direct is believed to be a likely bidder.Read
Oil giant BP has fired the latest shots in a legal battle over the Deepwater Horizon catastrophe, claiming contractor Halliburton should pay all of its billions of pounds of costs.Read
The owner of British Airways today said it had reached a binding agreement to buy troubled airline BMI for £172.5m in a move that will boost its stranglehold at Heathrow airport.Read
Struggling retailer HMV today said it was looking to sell its live music division as it bids to bolster its finances after it nearly doubled half-year losses.Read
Poor management decisions and the last Labour government’s light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland, a long-awaited report by the City watchdog said today.Read
The UK’s biggest outdoor retailer, Blacks Leisure, put itself up for sale today in a last-ditch effort to save the loss-making business from collapse.Read
It can no longer be "business as usual" for banks when they decide how much to pay out in bonuses this year, an influential shareholder group warned today.Read
Britain’s biggest holiday firm TUI Travel outperformed its rival Thomas Cook today but warned winter bookings in the UK had slowed down in the face of weak consumer sentiment.Read
Blacks Leisure today warned full-year profits would be lower than expected as the gloom on the high street continued to heap pressure on the outdoor clothing group.Read