U.K.'s Royal Mail goes public

The British government plans to sell a majority of its stake in the Royal Mail through an initial public offering that will be one of the U.K.'s largest in decades.

BP to go ahead with $500 million Shetlands investment

LONDON (Reuters) - British oil group BP is pressing ahead with a $500 million-plus investment in the Shetland Islands, a shot in the arm for the government's efforts to revive the North Sea oil industry to help kickstart a flagging economy.

Tata Steel job cuts hit Wales hardest

Around 900 UK staff have lost their jobs at Tata Steel, with nearly 600 leaving its Port Talbot operations in Wales, the company has said.

Wal-Mart sales slow as customers feel the pinch

Sales growth at Wal-Mart has fallen short of market expectations, with the world's biggest retailer saying customers are feeling the pinch.