The boss of shipping giant P&O today refused to rule out the eventual sale of the group’s troubled ferry business.

Royal P&O Nedlloyd has reported a first quarter net profit of €5m, from a loss of €69m a year earlier, boosted by a 15% rise in freight rates and a 7% increase in volume on a comparable basis.

P&O has said shareholders at today's EGM have approved plans for an independent listing of P&O Nedlloyd.

Ports and ferries group P&O today unveiled plans to sell its stake in the world’s fourth largest container shipping company.

Four female Singaporean navy officers were still missing today following the worst naval accident in modern Singapore’s history.

LONDON shares dived yesterday as a gloomy forecast

Ferry company P&O Nedlloyd is blaming a fall in revenue for a £29.9m (€46.9m) second-quarter operating loss.