Shares in BP slumped late on Thursday after the group was found by a US judge to be "grossly negligent" and "reckless" in the Gulf of Mexico four years ago.
Shares in Tesco, the UK's largest food retailer, fell today after a surprise update revealed the full extent of the challenges facing its new chief executive. But is now the time to snap up the stock at decade-low valuations?
The S&P 500 slipped below its record peak above 2,000 overnight as the Ukraine crisis weighed on markets globally.
The FTSE 100 has moved back above the 6,800 mark for the first time this month as investors take heart from another record high for the S&P 500 yesterday.
Global markets have jumped and oil has hit a 14-month low as geopolitical tensions between Russia and Ukraine show signs of abating.
Wealth managers report their clients are clamouring to take on more risk in portfolios, even as markets retreat from record highs.
Why bonds can stay overvalued for longer
Tesco is coming under increasing pressure to slash its dividend in order to free-up cash to help it compete against low-cost rivals, with a leading shareholder speaking out over the weekend and analysts predicting a major cut to its payout.