Shell offers £1bn for Cove Energy

Anglo-Dutch oil group is poised to expand into Mozambique with the proposal to buy the Aim-listed company, one of Anadarko’s junior partners

Stocks struggle amid Greek deal caution

Risk appetite blunted by lacklustre economic activity data from the eurozone and China, and doubts over Athens’ ability to enact reforms

Rudd blames ‘faceless men’ as he resigns

Australian foreign minister blames ‘faceless men’ for decision, amid speculation he will challenge Julia Gillard for Labor party leadership

Profumo in frame at Monte dei Paschi

Alessandro Profumo, former chief executive of UniCredit and one of Italy’s most high-profile bankers, is frontrunner to take over as chairman of the bank

White House plans corporate tax cuts

The Obama administration will announce its long-awaited proposal for corporate tax reform, proposing to cut the present 35 per cent rate

Unions attack Fox’s workplace rights comments

Liam Fox’s call to strengthen employers’ power to fire workers is an attack on working people that will not create a single job, say unions

Oil prices in sterling hit record high

Trend driven by fears about Iranian oil supplies and the fall in the pound against the dollar on expectations for further monetary easing

Veteran journalist killed in Homs attack

Award-winning war correspondent at the Sunday Times Marie Colvin is killed along with a French photographer in the shelling by regime troops

UniCredit wins dismissal in Madoff case

A US district judge threw out racketeering charges that alleged the bank participated in a scheme to attract investor money to Ponzi scheme

MPC strongly backed stimulus increase

Financial policymakers at the Bank of England were unanimous in backing more financial stimulus at their meeting in February
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