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Traders  on the floor of the New York Stock Exchange. US stocks were little changed on Thursday as gains in bank stocks were countered by the second day of losses in energy shares. Photograph: Brendan McDermid/Reuters

European stocks closed little changed, erasing an earlier drop after European Central Bank president Mario Draghi said downside risks to the euro-area(...)

Insurance giant Direct Line has posted a 30 per cent slump in annual profits after taking a hit of more than £217 million (€250 million) following Bri(...)

 Liz Truss: the lord chancellor’s  shock ruling saw shares in insurance companies tumble. Photograph: PA

The shake-up in the system for calculating personal injury payouts didn’t quite have the glamour of the Oscars. The confusion was there, though, follo(...)