BP chief focuses on future as oil giant posts loss

BP's new chief executive shifted focus at the oil giant to the "future rather than the legacy of the past" today as it revealed the Gulf of Mexico oil spill saw the company sink to its first loss in nearly 20 years.

Business Diary: Shares set for a Superbowl surge?

Good news for those with cash on Wall Street: this year's Superbowl match-up between the Pittsburgh Steelers and the Green Bay Packers is set to herald soaring share prices. According to market researcher Capital IQ, when the Steelers are in the big game the S&P 500 index surges by an average of 25.2 per cent for the calendar year, and by an average of 24.2 per cent when the Packers are in. Numbers like that should help mollify all those Wall Streeters crying over the demise of their beloved New York Jets.

Hayward in the running for Glencore board role

Tony Hayward, the former chief executive of BP who was forced to step down in the wake of the devastating Gulf of Mexico oil spill, has emerged as a possible candidate for a board seat at Glencore, the world's biggest commodities trader.

RSA's profits dive as it pays out millions in weather claims

Ihe insurer Royal & SunAlliance yesterday became the latest company to say it had taken a multimillion-pound hit from this winter's cold snap.

Polar pioneers: Is arctic oil the final frontier?

BP's bet on Russia is a technical, environmental and political risk

BP deal gets a muted thumbs-up from the City

The markets gave a cautious welcome to BP's $7.8bn (£4.9bn) share-swap and Arctic exploration deal with Russia's Rosneft last night.

BP angers America again – this time over deal with Russians

BP's frantic efforts to repair its devastated reputation in the US have been set back by a major new alliance with the Russian government, prompting outraged comments from all sides of the political spectrum.

BP targets one of the world's last unspoilt wildernesses after deal

Environmentalists are angry at the energy giant's plans to drill for oil in a remote region of the Arctic

BP pipeline leak in Alaska rattles oil prices

Oil prices rose and BP shares fell last night amid nervousness about the leak that caused the shutdown of the Trans Alaska Pipeline, the supply route for more than 10 per cent of US crude oil.

Johann Hari: For sale - Cameron's green credentials

Why do the Tories think timber companies want to buy the forests? To abandon the work they do and become druids?

David Prosser: BP breathes more easily – despite all the name-calling

Outlook Phew. That might sound a peculiar reaction to the damning Presidential Commission report into the Deepwater Horizon spill, but it's a fair summary of BP investors' response. After the report was published overnight, BP's shares opened up yesterday morning and stayed up for most of the day.

Oil disaster inquiry probes 'systemic' failures

Economies and short cuts by BP and other firms contributed to last year's disastrous Gulf of Mexico oil spill, a damning official inquiry has found.

The Business On... Andy Inglis, Head of Production at Petrofac

A rapid recovery?

MPs say keep drilling despite risk from oil spill

Britain lacks the ability to deal with a large-scale North Sea oil spill in bad weather conditions but nonetheless should allow oil companies to continue deep water drilling off the coast, MPs will say today.

David Prosser: Britain cannot afford to turn its back on deepwater drilling

Outlook In the end, of course, it is all about the money. The Energy and Climate Change Committee's announcement today that a moratorium on deep-water drilling off the coast of the UK should not be imposed does not imply there is no risk of the sort of disaster seen in the Gulf of Mexico last summer. Whatever your views about the safety record of oil and gas explorers, that risk can never be entirely discounted. No, this is a decision based on a head-headed economic view: that such is the demand for oil and the cost of switching to less risky alternative sources of energy, deepwater drilling needs to continue.

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Emergency call 'started off dumb, but got pretty serious'

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Russell Brand was in typically combative form during his promotional interview with Newsnight's Evan Davis
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Thought you'd seen it all after the Jeremy Paxman interview?

Sport
Erik Lamela celebrates his goal
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Argentinian scored 'rabona' wonder goal for Tottenham in Europa League – see it here

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Far-right organisation has defended its actions on Facebook

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The cartoon produced by Bruce MacKinnon for the Halifax Chronicle-Herald on Thursday, showing the bronze soldiers of the war memorial in Ottawa welcoming Corporal Cirillo into their midst
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Funds raised from the sale of poppies help the members of the armed forces with financial difficulties
voicesLindsey German: The best way of protecting soldiers is to stop sending them into disastrous conflicts
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The Edge and his wife, Morleigh Steinberg, at the Academy Awards in 2014
peopleGuitarist faces protests over plan to build mansions in Malibu
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peopleFox presenter gives her less than favourable view of women in politics
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One bedroom terraced house for sale, Richmond Avenue, Islington, London N1. On with Winkworths for £275,000.
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Nigel Farage has backed DJ Mike Read's new Ukip song
voicesNigel Farage: Where is the Left’s outrage over the sexual abuse of girls in the North of England?
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Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker