Business Blog

Oil company Talisman Sinopec announces plans for 300 job losses from its North Sea operations, from a workforce of about 3,000.

Chancellor George Osborne tells MPs that new powers being handed to Scotland could result in a UK-wide competition over tax rates.

US banking giant Morgan Stanley sees quarterly net income rise as legal fees relating to mortgage-backed securities ease.

Dungeness B power station is to stay open beyond its scheduled closing date of 2018, EDF Energy announces.

Hong Kong police arrest a man, then release him without charge, as part of an investigation into the potential theft of £2.5m from Birmingham City football club's owners.

Scottish Power becomes the third major gas supplier to announce a price cut, with the news it is to reduce prices by 4.8% from 20 February.