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FTSE stagnates near highs as new catalysts awaited

MILAN British shares were little changed on Thursday as investors sought fresh catalysts after a run that brought the country's main indexes to hit record highs.

Recent Business News

Aberdeen to move jobs from UK if euro clearing shifts

LONDON Aberdeen Asset Management Chief Executive Martin Gilbert said his company will have to move some jobs to Europe from Britain if the European Union insists that the clearing of euro denominated trade should be based inside the bloc.

12:58pm BST

Petrofac suspends executive amid fraud office investigation

Oilfield services provider Petrofac has suspended its chief operating officer in response to the UK Serious Fraud Office's investigation into Monaco-based Unaoil, another setback for the company that has been hit by the oil market downturn.

1:00pm BST

Oil falls as OPEC prepares to extend output cuts

LONDON Oil prices fell on Thursday as OPEC ministers met to decide how long to extend oil production cuts in an attempt to drain a global glut that has depressed markets for almost three years.

12:15pm BST

Some Uber and Lyft riders are giving up their own cars - Reuters/Ipsos

SAN FRANCISCO Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.

12:09pm BST

Prosecutors investigate Bosch employees in Daimler probe - Handelsblatt

FRANKFURT German prosecutors who searched Daimler's offices this week as part of a probe into diesel pollution are also investigating employees at automotive supplier Bosch [ROBG.UL], daily Handelsblatt reported, citing the prosecutor's office.

11:53am BST

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