British oil giant BP agreed Thursday to pay $18.7 billion to settle claims related to the worst offshore oil spill in the U.S. history. The US federal government and five states along the Gulf of Mexico were seeking compensation for the 2010 Deepwater Horizon disaster. The agreement also includes settlement of claims made by more than 400 local government entities.
Irish no-frills airline Ryanair Holdings Plc. (RYA.L, RYAAY) and Hertz Global Holdings Inc. (HTZ) have ended their exclusive car hire supply agreement with immediate effect. The budget airline said it would pursue Hertz for breach of contract.
U.K. house prices dropped in June from May taking the annual growth to the lowest in two years, data from the Nationwide Building Society revealed Thursday. The annual increase in house prices moderated to a two-year low of 3.3 percent in June from 4.6 percent a month ago. Economists had forecast a 4.5 percent rise for June.