An oil refinery which went bust is to close after administrators failed to find a buyer or the cash needed to keep it going, putting around 850 jobs at risk.

Executives are so confused by the complicated pay packages lavished on them by remuneration committees they are no longer motivated by them, a study has claimed.

Up to 900 jobs at the bankrupt Coryton oil refinery in Essex are hanging in the balance, with the deadline for a rescue deal due at midnight tonight.

RSM Tenon, the listed accountant that embarrassingly discovered "black holes" in its own books, is interviewing for a new auditor.

Britain's financial sector is continuing its bounce-back from the recent downturn, despite widespread concerns about the rest of the country's economy, the Confederation of British Industry (CBI) will say today.

The name Areias do Seixo roughly translates as "pebble beach", and the property plays to its rugged, coastal location with a motif of purity and nature. But Areias do Seixo's curveball is that it is a modernist glass and concrete construction on a protected patch of Portugal's Costa de Prata ("silver coast"), between Lisbon and Porto.

The turnaround specialist OpCapita submitted another bid to acquire parts of the troubled video games retailer Game Group out of administration yesterday.

More than 2,000 UK jobs were axed yesterday, as Game Group shut hundreds of shops after it collapsed into administration.

Retailer shuts hundreds of British stores and appoints accountant PwC as administrator

Almost half the stores run by collapsed retailer Game are to be closed this week, administrators said today, triggering 2,104 job losses.

Buyers of homes worth more than £2m will be hit with a massive stamp duty rise from today, with a new 7 per cent rate. Until yesterday, they paid the 5 per cent charge levied on homes sold for more than £1m.

Buyers of homes worth more than £2m are going to be hit with a massive stamp duty rise from today, with a new 7 per cent stamp duty land tax charged. Until yesterday, only a 5 per cent charge was levied on homes sold for overa £1m.