COMPANIES

Wholesaler will purchase Musgrave – the duo's parent company – for £40m

But the Shanghai Composite advanced on hopes of higher policy support from Beijing.

BP's legal woes over Deepwater Horizon disaster recede with new settlements.

Royal Mail says focus on efficiency resulted in a better than expected UK cost performance

IBTimes UK takes a look at this week's Westminster gossip and political news.

Alice Walton, Jim Walton, Rob Walton and Christy Walton lost a combined $5.7bn in a single day after Wal-Mart's latest quarterly results.

New reports says nearly 500,000 fuming tweets were sent in 2014.

Other train operators expected to follow suit on 24 and 25 May.

Confederation of British Industry: 'No credible alternative to EU membership'.

Jerusalem claims Tehran broke the agreement in 1979 in wake of Islamic revolution.

The chief executive's plans are finally showing signs of progress.

The world's largest Disney store opened its doors to the public in Shanghai.

Thomas Cook has cut debts and half-year loss as company faces challenges regarding Corfu deaths.

SSE profitable on energy supply despite losing an astounding 500,000 customer accounts over the last year

A deal could value Amoun at between $700m to $800m.

Business leaders need to avoid PR advisers and worries about brand damage to show leadership.

Exclusive: Institute of Directors chief Simon Walker backs 'In' campaign but says concessions will be crucial.

Renault has become first European firm to debut international model in India, as it unveiled Kwid there.

Fashion retailer reports 7% rise in profit but lowers 2016 profit guidance due to foreign exchange problems.

BC Partners and CPP Investment Board will retain a 30% stake in Suddenlink.

Asian bourses outside Hong Kong and Sydney gain on upbeat Japanese growth figures.

M&S reported its first profit rise in four years as food sales went up, but the company is still struggling to achieve its turnaround goals.

Bank will pay penalty of $342m over FX fixing and another $203m over Libor matter.

Altice is close to buying smaller peer Suddenlink in deal valued at about $10bn.

CBI president Sir Mike Rake says the cost of leaving will harm Britain's place in the world.

Biggest vehicle recall ever after faulty airbags caused 5 deaths and more than 100 injuries.

FTSE 100 finished day up 26.23 at 6,995.10 after breaching the 7,000 mark in early trading.

The high-street retailer has lost its legal battle with HMRC.

Deal makes Metro Bank the first British bank to use a p2p platform to lend funds to customers.