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FTSE falls as Whitbread wanes.
Britain’s top equity index fell on Friday, extending losses from the previous session caused by disappointment over the European Central Bank’s policy update, with leisure group Whitbread among the worst performers.

OPEC set to maintain policy as oil glut worsens.
OPEC looked set to maintain its production policies on Friday and take no steps to curb supply going into 2016 when members Iran and Iraq will boost exports, potentially worsening one of the worst oil gluts in history.

UK extends sale of Lloyds shares to institutions.
Britain will further whittle down its stake in bailed-out lender Lloyds Banking Group via a scheme aimed at major investors in the early months of 2016, before sealing its exit with a broader offer to the general public.

UK pubs group JD Wetherspoon hit by cyber attack.
British pub chain JD Wetherspoon has been hit by a cyber attack which leaked the names, email addresses and birthdates of 650,000 customers as well as some of the credit and debit card details for 100 buyers of its gift vouchers, it said on Friday.

A post-Brexit London ‘would need fewer new homes’ says housebuilder.
London-focused upmarket housebuilder Berkeley said on Friday the capital would need fewer new houses if Britain were to leave the European Union due to what it believed could lead to a slowdown in economic growth.

Volkswagen’s UK car sales tumble in November.
Volkswagen sales in Britain tumbled in November with new car registrations of VW-branded models falling 20 percent year-on-year in the wake of the diesel emissions rigging scandal, industry figures showed on Friday.

Japan to phase out Takata inflators at centre of recall by mid-2018.
Japan on Friday ordered automakers to phase out by mid-2018 use of the Takata Corp air bag inflators that are at the centre of a global recall, bringing regulations in line with those of the United States where the recall began.

U.S. wants to help Greece emerge from economic crisis – Kerry.
The United States wants to help Greece emerge from economic crisis, Secretary of State John Kerry said on Friday, after the country was forced to accept a third international bailout with austerity conditions to avoid being ejected from the euro zone.

Oil firms pile in as Norway moves exploration closer to Russia.
Norway has received applications from 26 oil firms seeking drilling permissions in a licensing round set to move the search for hydrocarbons closer to its border with Russia, the country’s Oil and Energy Ministry said on Friday.

IG Group appoints Peter Hetherington CEO. Broker and betting firm IG Group Holdings said it had appointed Peter Hetherington as CEO.


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