BP reported a first quarter loss of $583 million  against profits of $2.6 billion a year earlier as it continues to suffer from sharply lower oil prices. (Photograph:  Dominic Lipinski/PA Wire)

BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the year, when oil pr(...)

Wall Street stocks were little changed on Thursday evening after a raft of mixed quarterly earnings and the slide in oil prices kept investors on the sidelines.

European shares fell slightly on Thursday after the European Central Bank kept rates unchanged, with Swedish telecom equipment maker Ericsson and Fren(...)

Britain’s top share index closed at a fresh year high after a rally in the price of oil spurred gains in commodity-related stocks

European shares rose in late trading on Wednesday, hitting another three-month high, as a rebound in oil buoyed energy stocks. However, the Irish mar(...)

Martin Sorrell: said he had spent more than three decades building WPP from a £1m company into one capitalised at £21bn

Martin Sorrell, the septuagenarian boss of advertising giant WPP, doesn’t like the word “pay”. Instead, it seems, he prefers the term “reward” to desc(...)

BP chief executive, Bob Dudley Photograph: PA Wire

A majority of BP shareholders voted on Thursday against paying chief executive Bob Dudley a $20 million (€17.7m) pay package for for 2015, in a rare m(...)

BP: its chief executive Bob Dudley is in line for a $19.6 million compensation package for 2015, a year in which  more than 5,000 job losses occurred at the oil and gas company. Photograph: Monika Skolimowska/EPA

BP faces further opposition to its pay at its annual meeting on Thursday after British shareholder advisory group ShareSoc recommended its members vot(...)

German factory orders fell unexpectedly by 1.2 per cent month-on-month in February, a sign that a global slowdown is weighing on the economy. Photograph: iStockPhoto

European stocks fell on Tuesday to their lowest level in over a month as weaker-than-expected German economic data ignited investor concerns about th(...)

A house  damaged during clashes between Armenian and Azeri forces in the   Nagorno-Karabakh region, which is controlled by separatist Armenians, in a still image taken from video footage. Photograph: Nagorno-Karabakh Military Handout/Reuters TV

A new wave of fighting broke out in the Nagorno-Karabakh region on Saturday, killing dozens and drawing international calls for an immediate ceasefire(...)

The volume of shares changing hands across Europe was a third per cent lower than the 30-day average. EPA/JJ Guillen

Stocks dropped around the world as the dollar extended gains into a fifth day, with the potential for higher US interest rates again roiling financia(...)

The oil and gas sector extended its gains, rising 2.8 per cent overall as shares in Royal Dutch Shell and BP rallied, helped by a rise in oil prices.

European shares rose as a surge in oil helped offset sliding banks, while investors speculated on the Federal Reserve’s latest policy meeting. The Is(...)