World News
BG jumps 5% after doubling reserves estimates in Brazil’s Santo basin
Banks are among the biggest risers in a buoyant market as cynical dealers mark up Lloyds Banking Group after its job cuts, but BG is also battling it out at the top of the FTSE 100
Pandora valued at $2.6bn
Investors rush to buy $16 shares in music streaming company ahead of NYSE flotation
London Stock Exchange becomes takeover target
LSE vulnerable after merger with Canadian rival TMX founders
Shares tumble on fresh fears for global economy
Downbeat Federal Reserve statement is followed by a slew of weak data, starting share sell-off around the world
West plans to release emergency oil to halt rising petrol and energy prices
Paris-based International Energy Agency sanctions 60m barrels to counter shortages but Opec condemns ‘political’ intervention
World stock markets bounce back on Greece bailout
David Cameron wins battle to ensure €120bn EU rescue of Greece will only be borne by eurozone countries
Italy worries send banks lower and bring FTSE 100 off its highs
An early rally prompted by positive news from Greece fizzled out by the close of trading, as worries about the state of Italy’s banking system gripped the market and rekindled fears of contagion spreading through the Eurozone
Berkeley jumps 11% on £1.7bn dividend plan, with boss set for £87m windfall
Berkeley Group has jumped more than 11% after the London and south east housebuilder promised to return £1.7bn to shareholders with a series of special dividends
Ocado hit by competition fears but FTSE edges higher on Greek hopes
Online shopping service Ocado is in the unusual position of facing a growing competitive threat from its key partner
Greek PM appoints new finance minister
George Papandreou promotes key political rival – Evangelos Venizelos – as Greek economy teeters on brink