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Fixed retirement age to be axed

People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.

Industry toasts beer sales rise

Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.

Gambling firms reveal merger plan

The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.

Oil firms' profits almost double

Oil giants Royal Dutch Shell and Exxon Mobil see profits almost double in the week rival BP suffered record losses.

Jailed Enron boss requests bail

The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.

Toyota announces fresh car recall

Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.

House price inflation eases again

UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.

Citigroup agrees $75m fraud fine

Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.

FSA tightens bankers' pay rules

The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms.

BSkyB profits on high definition

Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.