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Financial News

BT avoids Openreach broadband break-up

BT's Openreach division, which runs the UK's broadband infrastructure, should become a distinct company, but not be split off from the BT group, according to regulator Ofcom.

NatWest and RBS may charge firms to hold deposits

NatWest and parent company RBS have become the first UK banks to warn they may have to charge businesses to accept deposits due to low interest rates.

BP profits hit by lower oil price

Second-quarter profits at oil giant BP almost halve from a year earlier as the company suffers from lower oil prices and weak refining margins.