Competition watchdog to serve formal complaint against planned $1.9bn record labels purchase after rejecting music group's draft concessions

The planned request would be the start of at least a limited bailout for the eurozone's fourth-largest economy

BP is vowing to transform itself into a sleeker business but investors grumble that its strategies remain unclear, writes Guy Chazan

Belgian-Franco bank presses for full amount of loan guarantees it lodged with the European Commission, of which only €55bn has been authorised

Investors worried about going cold turkey and about efficacy of any new shot in the arm – the recent rally in stocks appears to be on shaky ground

European Commission publishes upbeat assessment on reforms to force backers to pay for rescuing failed banks rather than taxpayers

The removal of James Osborne as chairman marks a decisive stage in Mr O'Brien's battle to win control of Independent News & Media

The drop in demand for cars caused by the eurozone crisis has laid bare the chronic excess capacity problems of an industry that did not downsize

Kweku Adoboli, who has been held in custody since September, is expected to reside at a friend's house where he will be electronically tagged

Specialist lender to local authorities has used up almost all its existing guarantees which were granted in October to ease a funding squeeze