| Wolseley quits high-tax UK for Switzerland Fresh blow for Coalition as 123-year-old company and the world's top plumbing supplier plans move to Switzerland for tax reasons. telegraph.co.uk |
BP unveils powerful new safety unit in radical restructuring to rebuild trust after oil spill Shares rise after incoming chief Bob Dudley creates safety division with sweeping powers, ousts executives in radical makeover of oil giant. telegraph.co.uk |
Bollywood giant Eros appoints advisors for stake sale Bollywood giant Eros has appointed advisers ahead of a possible sale of part of the controlling family's £190m stake. telegraph.co.uk |
Indications: U.S. stock futures slip on QE concerns A news report raises questions about the scale of the U.S. Federal Reserve’s expected move toward more quantitative easing. feeds.marketwatch.com |
Vix rival touted by Merrill for fear trades Bank of America Merrill Lynch introduces its Global Financial Stress Index which it says should predict volatility better than the Chicago Board Options Exchange’s Volatility Index (TICKER:VIX), also known as the VIX. feeds.marketwatch.com |