RETAIL & CONSUMER 4:18pm

JC Penney cuts 2,200 jobs

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US retailer grapples with dramatic sales decline

INDUSTRIALS 12:19pm

Cities named for electric F1 series

Eight cities agree to host inaugural series

Citi building ©AP FINANCIALS 12:14am

Stress tests may rein in US bank pay-outs

Banks’ share buyback and dividend plans in spotlight

FINANCIALS 1:32pm

Blackstone to refinance London office block

Deutsche Bank picked for £800m property deal

ENERGY 9:26pm

BP warns of higher settlement costs

Administrator handing out ‘windfall’ damages, says group

go compare FINANCIALS 9:04am

Esure seeks IPO valuation of up to £1.3bn

Insurer’s flotation set to be biggest in London so far this year

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