The BP chief warned it would be “a long time” before we saw $100 a barrel oil again

Oil prices rallied yesterday as BP revealed the huge damage the rout in the price has done to its business, which crashed into the red by $1 billion ((...)

 Li Ka-shing: a week before his interest in O2 was revealed, his Hutchison Whampoa conglomerate added to its portfolio of UK holdings with a £2.5 billion takeover of Eversholt Rail.  Photograph: Alex Hofford/EPA

If Li Ka-shing pulls off his £10-billion-plus bid for Britain’s largest mobile phone operator, O2, it will be the legendary Hong Kong investor’s bigge(...)

Terry Leahy: stepped down as chief executive of Tesco three years ago after a glorious 14-year reign

Terry Leahy stepped down as chief executive of Tesco three years ago, after a glorious 14-year reign in which profits soared from £750 million to £3.2(...)

Shares in the supermarket chain jumped more than 4 per cent after news of Dalton Philips’s departure, a brutal verdict from the City on the Irish man’s time at the top. Photograph: PA

Dalton Philips, the globetrotting Irish retail executive, will soon be heading back to his homeland to reflect on the future after being sacked as chi(...)

Retailers are counting the cost of Black Friday as they survey the damage the discounts have done to their profit margins over the Christmas season. Photograph: Rob Stothard/Getty Images

It started out as a shameless marketing ploy to part shoppers with their cash. Now retailers are counting the cost of Black Friday as they survey the (...)

The Bank of England sign on the wall of its headquarters in London. A power cut at the bank added to the drama of banking stress tests yesterday

A power cut at the Bank of England added to the drama of the banking stress tests on Tuesday, as reporters and officials were forced to quit Threadnee(...)

Tesco chief executive: Dave Lewis stunned investors by issuing the retailer’s fifth warning on profits this year. Photograph: Tesco/PA Wire

The Nightmare before Christmas or 100 Days from Hell – however you describe it, rarely can a chief executive have endured a more catastrophic start(...)

 Tesco   chief executive hopes every little helps as he takes the reins and shakes up management. Photograph: Jeff J Mitchell/Getty Images

When Dave Lewis was rushed in to take the reins at troubled supermarket group Tesco, he was candid about his qualifications, declaring: “I have never (...)

The 800,000 sq ft Amazon  fulfilment centre   in Swansea, Wales. Photograph: Matt Cardy/Getty Images

Britain’s retailers are gearing up for their busiest-ever online shopping day at the end of this week, as “Black Friday” fever sweeps the nation. With(...)

Still Britain’s biggest retailer by market share, M&S’s performance over Christmas will clearly be key to how much longer Marc Bolland can hold on to his job at the group.

Four years ago, Helen Weir was being tipped as the first woman to run a top UK bank. Now she’s being named as a potential successor to Marc Bolland at(...)