Oil major BP is in advanced talks to sell a group of oilfields in the Gulf of Mexico to US outfit Plains Exploration&Production, said two people with knowledge of the matter, according to reports in The Wall Street Journal and Bloomberg.
According to one of those sources Plains is discussing a price of about $6bn and may reach an agreement within days.
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Inflation holds steady at 3.8% ahead of BoE meetingThe rate of inflation did not rise in August, but the Bank of England is still expected to keep interest rates on hold tomorrow
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Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
