Tullow Oil (TLW) troubles shake investor trust and raise prospect of sale. Output problems and plunging shares focus attention on oil explorer’s overconfidence
Lombard – Prosus’s £5bn bid for Just Eat (JE.) shows price of competition. New offer described as ‘derisory’ by rival, but it prices in the presence of Uber
Tullow Oil (TLW) shares plummet 70% after group cuts outlook. Chief executive and head of exploration leave FTSE 250 oil and gas explorer
Burford Capital (BUR) chief executive fears Argentine reprisals. Chris Bogart tells US court he fears for safety if $1bn case is moved to Buenos Aires
Lex – Tullow Oil (TLW): downhole. Explorer announces another trim to over-optimistic estimates
HSBC Holdings (HSBA) reshuffles top team ahead of restructuring. Interim chief Noel Quinn plans big overhaul of group to slash costs in Europe and the US
Subprime lender Amigo Holdings (AMGO) chief and chairman quit. Departures follow move by founder James Benamor to reassert control of the business
