Breaking Finance news

Oil group faults its own engineers but says mistakes were also made by its partners Transocean and Halliburton that led to the disaster, which killed 11 people and led to the largest offshore oil spill in history

European shares are lower, tacking losses on Asia and Wall Street amid renewed concerns about Europe’s banking sector while the stronger yen continues to hammer Japanese exporters

Investor says the world’s third-biggest hedge fund manager’s bullish bets on the US housing market and economy generated losses of 9.13 per cent in August for its Recovery fund

Bombay High Court’s decision to tax Vodafone for the 2007 acquisition of Hutchison Essar could hurt cross-border dealmaking in India

House prices rose for the second month in a row in August, after three months of declines, but prices have been largely static since the beginning of the year, according to a leading housing market indicator

UK manufacturing grew at a steady pace in July maintaining its recovery from the deep decline it suffered during the recession, but there are fears that a slowdown is set to hit the sector imminently

Barclays’ promotion of one of the world’s best-paid investment bankers, coupled with the resignation of Stephen Green as HSBC executive chairman, stokes political row about whether big banks should be broken up

The state-owned Chinese group has asked Singapore’s state investment agency to join a consortium to mount a counterbid to BHP’s $39bn offer for Canada’s PotashCorp, but Temasek has made no decision

Foster’s has rejected an unsolicited A$2.7bn cash offer for its wine business from an international buy-out group, saying the proposal ‘significantly’ undervalues the unit

Hewlett-Packard has sued to block Mark Hurd, its former chief executive, from taking up a senior role at Oracle, adding a twist to a saga that has transfixed Silicon Valley

In his first ‘state of the union’ address to the European parliament, Commission president José Manuel Barroso, appealed for action to consolidate an uneven economic recovery

Stephen Green is expected to announce he is standing down as chairman of HSBC to become trade minister, ending David Cameron’s long search to find a high-profile business figure to fill the role

The UK is no longer a world leader in producing graduates, as it falls from a spot in the top four to 15th place, according to OECD data

Shares in banknote printer slide after its says that some employees falsified documents and that paper production errors will cost it at least £35m in profits

The online grocer that floated in July in the teeth of scepticism from some investors and analysts, said that it had maintained its strong sales growth in its third quarter

Stricken social housing group moves to appoint administrators and asks for its shares to be suspended after its lenders refuse to provide the funding it needs to restructure

Former academic who has built Barclays Capital from scratch into a multibillion-pound operation, will take over from John Varley at Barclays’ annual meeting next March

Dubai Holding’s main unit will delay repayment on a $555m loan until November 30 – the second time it has failed to meet a repayment deadline

Julia Gillard’s Labor government has won the Australian election after securing the support of ‘kingmaker’ independent parliamentarians more than two weeks after the tightest national election in decades

Global Market Overview: Improving economic data over the past few days encourage a shift into plays on global growth, with stocks and metals prices move higher as currencies remain relatively stable