Schroders, which owns 13% of Dana, dismisses FTSE 250 company's defence strategy in its bid battle with Korean state-controlled oil producer

Dana Petroleum's hopes of extracting a much higher price from its hostile predator, the Korean state-controlled oil producer KNOC, took a blow today after the FTSE 250 company's largest shareholder dismissed its defence

Banking rules to split retail and investment divisions 'would drive banks abroad', George Osborne told

City firms are stepping up their efforts to block moves to break up Britain's high street banks as the appointment of Bob Diamond to take control of Barclays bank propelled

Value of Connaught's contracts called into question

The administrators of Connaught, the failed social housing maintenance group, have warned they will need the support and goodwill of scores of councils and housing association customers in order to keep job losses to a minimum.

The group was placed in the hands of KPMG administrators on Tuesday