The hedge fund management firm of billionaire trader Chris Rokos plunged to a loss in its most recent financial results after its fund was hit by a sharp sell-off in government bonds, even though its traders have since been able to profit handsomely from a…

The British government is slashing the support it gives companies with their energy bills, but extending it for another year from April at a cost of £5.5bn, ministers announced on Monday.The new package will ensure that all companies receive discounts on their electricity and gas…

The 7,000 nurses who went on strike in New York Monday say the 19% pay hike that hospital management offered them was never the main issue. “We are not out here for wages. We are out here because we want the patients’ safety,” said Lorena…

Health leaders on Monday welcomed a promise by the UK government to spend up to £250mn to speed up the discharge of hospital patients, easing pressure on the country’s struggling NHS, but questioned how much impact funding could have so far into the winter.Senior medics…

Russia’s Lukoil has agreed to sell its Sicilian refinery to an Israeli-backed private equity fund that has partnered with commodities trader Trafigura in a last-minute bid that gazumped an offer from US-based Crossbridge Energy Partners and oil trader Vitol.The deal, expected to close by the…

WWE has paradoxically pinned itself to the mat. Late last week, the US company that produces professional wrestling events said that its founder and former chief executive, Vince McMahon, would return to the company’s board.McMahon left the company last year amid scandal. A WWE board…