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A British Petroleum logo is seen reflected in a car mirror at a petrol station in south London

BP share price up on FTSE 100 as oil spill costs reach $11.2 billion

Shares in BP were up on the FTSE 100 in afternoon trading after the oil giant said it had pledged some of its Gulf of Mexico assets as collateral for the $20 billion Deepwaater Horizon Oil Spill Trust, which pays out compensation claims to those affected by this year's disaster at the oil well.
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CBI warns against government immigration cap

The Confederation of British Industry has expressed its concerns about the Coalition government's plans for a cap on immigration from non-EU countries, saying that it could undermine the ability of British businesses to operate in an international environment.
A shopper walks past an Asda superstore in south London

OFT considering Asda offer to sell 47 stores

The Office of Fair Trading has said that it is considering an offer by Asda to sell 47 Netto stores in order to resolve concerns about local competition raised by Asda's proposed takeover of 194 Netto grocery stores.
A man passes cars on a showroom forecourt in west London

Car production rises 37% in August

Car production in August rose by 37 per cent to 77,882 units, of which 73.2 per cent were exported, according to the latest figures issued by the Society of Motor Manufacturers and Traders.