A company controlled by the billionaire Barclay brothers will inject an additional £75m of equity into Shop Direct, helping to resolve a cash crunch triggered by a spike in claims for payment protection insurance.
Shares in Tullow Oil plunged to a two-year low on Wednesday after the London-listed explorer warned that two significant discoveries in waters off Guyana contained heavy oil, prompting warnings that the projects would be difficult to commercialise.
Falling energy prices pushed down UK inflation to its lowest level in three years in October, prompting fresh speculation about whether the Bank of England will cut interest rates in a subdued economy.
Transport and logistics group Eddie Stobart said on Wednesday that DouglasBay, a private equity investor and a former large shareholder, had submitted a proposal to take a majority stake in the logistics group.
SSE has booked a £489.1m exceptional charge against its household energy supply business in Britain, which it is in the process of selling to rival Ovo, as the unit continued to lose customers in the first half of its financial year.
Richard Plepler, the former chief executive of HBO, is in talks to produce content for Apple, according to two people familiar with the matter, which would see the tech group snag one of the most high profile Hollywood names for its new television service.