Business

Wholesale gas prices in the UK jump by 15% after a gas pipeline leak in the North Sea.

US private equity firm Lone Star is to buy German lender IKB Deutsche Industriebank, its biggest shareholder says.

Oil prices rise on the back of geopolitical worries after the US signs a missile shield deal with Poland.

Tyre maker Continental agrees that suitor Schaeffler can buy up to half the company after it ups its offer.

Energy firm E.On is to raise gas prices by 26% and electricity prices by 16% on 22 August, blaming increasing wholesale costs.

Retail sales defy grim forecasts to rise 0.8% in July, according to the Office for National Statistics.

The British Retail Consortium writes a letter to the government asking for help to support struggling High Street stores.

UK housebuilder Persimmon reports a sharp drop in half-year profits as it struggles to deal with the housing market downturn.

BAE Systems signs a 15-year deal with the Ministry of Defence to supply ammunition for UK armed forces.

Shares in US mortgage finance giants Fannie Mae and Freddie Mac plunge again amid new talk of a government bail-out.