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Thousands of jobs were under threat on Wednesday as Comet was poised to call in administrators. Talks are still continuing, with insolvency specialists from Deloitte [DLTE.UL lined up.
BG Group suffered the biggest one-day share-price fall in its history on Wednesday, wiping some 6 billion pounds ($9.67 billion) off the value of the company, after warning it would see no growth in its oil and gas production next year.
JP Morgan is suing the former boss of Bruno Iksil, the trader nicknamed the London Whale because of the size of the bets he made in helping to rack up a $6 billion loss at the bank.
David Cameron will face a battle to secure parliamentary backing for any EU budget deal that falls short of a real terms cut after he suffered his first major Commons defeat on EU spending on Wednesday.
Thousands of jobs are at risk as Comet, the 240-store electricals retailer, is poised to appoint an accountancy firm as administrator just nine months after the UK chain was bought for a token 2 pounds.
David Cameron fell to a 13-vote defeat in the Commons last night as dozens of Tory MPs defied their whips to demand he presses for cuts in the European Union's budget.
Barclays, could face substantial fines arising from new inquiries into its power-trading operations in the U.S. in 2006-8, and into payments to advisers to the Qatar sovereign wealth fund in 2008.