Oil giant BP says it is investigating a new sheen in the Gulf of Mexico but there is no immediate indication it is the result of a new oil spill.

US federal scientists said they found damage to deep sea corals and other marine life several miles from where BP’s blown-out well spewed millions of gallons of oil into the Gulf of Mexico.

Oil giant BP faces a showdown with environmental campaigners over controversial Canadian oil sand projects when it holds its annual shareholder meeting today.

Environmental activists in the UK were today preparing to target an oil refinery in the build-up to the G8 summit.

Water companies buoyed the FTSE 100 Index today after regulator Ofwat signalled price rises at the top end of industry expectations.

A garage owner in the US has sold himself a winning lottery ticket worth £9m.