1 The American hip hop star Kanye West is suing Lloyd’s of London for $10 million amid claims that the insurer engaged in foul play to avoid paying out after his tour was cut short last year. West, 40, claims that a group of five syndicates on the insurance market attempted to use allegations of drug-taking to avoid paying a claim made on his touring company’s policy.
2 The male bosses of Britain’s largest public companies earn about 77 per cent more than their female counterparts. The 94 male chief executives of FTSE 100 companies earned £4.7 million on average last year, compared with £2.6 million for the six women who run some of Britain’s biggest organisations.
3 Andy Inglis, who oversaw BP’s drilling at the time of the Deepwater Horizon oil disaster, is to return to London markets with a listing of Kosmos Energy, the US-based explorer. Mr Inglis left BP “by mutual agreement” after the 2010 accident.
4 The government’s favourite infrastructure and engineering consultant, CH2M Hill, is to be taken over by its US rival Jacobs in a $3.35 billion (£2.5 billion) deal.
5 The new chief executive of BAE Systems signalled that he would not be making any big changes to the defence group’s strategy as he reported a rise in first-half profits.
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6 B&M Bargains is to enter the UK’s discount convenience food sector after snapping up Heron Foods Group in a £152 million deal. The retailer said it would pay an initial cash sum of £112.1 million for Heron.
7 Rio Tinto is to return $3 billion to shareholders after rising commodity prices helped it to more than double its underlying earnings in the first half. The Anglo-Australian miner said that it would pay the biggest interim dividend in its history, worth $2 billion, and launch a $1 billion share buyback.
8 Standard Chartered’s fears about the outlook for the global economy have resulted in the lender saying that it would not resume dividend payments despite reporting an 82 per cent rise in pre-tax profits.
9 Purplebricks has come under pressure after allegations that the online estate agency appeared to use a previously banned claim in its marketing material.
10 Interim sales at Yoox Net A Porter have exceeded €1 billion for the first time after strong performance in its key markets in North America and the Asia-Pacific region.