BP Share News (BP.)

Barclays is selling its Spanish banking operations to CaixaBank as part of plans to shrink its European divisions. CaixaBank, Spain's third-largest lender, will pay €800m (£632m) in cash for Barclays' retail banking, wealth management and corporate banking businesses. - The TelegraphAlexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia. With the European Union threatening new sanctions on Russian, the director of Newcastle-based offshore engineering and construction group, OGN, says the British-based oil company has lost interest in its home base since taking a 20% interest in Kremlin-controlled Rosneft. - The GuardianRAC is set to be one of the first share market debutants to test the appetite of disgruntled investors this autumn after a radical beefing-up of its board, including the appointment of the City grandee Sir Mike Rake as chairman. Sir Mike, the deputy chairman of Barclays and president of the CBI, will be confirmed today as chairman of the roadside rescue and insurance group, alongside three other non-executive director appointments. - The TimesIsrael has announced plans to expropriate 400 hectares of land in the occupied West Bank in a move Palestinian officials claim will cause more friction after the Gaza conflict. The announcement concerning land south of Bethlehem, inside what Israelis call the Etzion bloc of settlements, comes after Israel determined the land was not cultivated with enough intensity for the Palestinians to maintain their ownership rights. - The IndependentDavid Cameron and President Obama will urge their Nato allies to spend more on defence after the crises in Ukraine and Iraq. At this week's summit in Wales, the prime minister and the US president will call on European leaders to share the military burden and commit at least 2 per cent of GDP to defence. Britain and America are among just four Nato members who reach the 2 per cent target, although the UK has refused to commit to the target after this parliament. - The TimesThe UK's long-term sustainable growth depends on a decisive move for a single hub airport with spare capacity to add new routes, according to the CBI. Britain's biggest business lobby group argues in a report out on Monday that airport expansion plans to be put to politicians next summer must lead to "spades in the ground by 2020". It says that "inaction is no longer an option" on adding new airport capacity. - The TelegraphThe former head of Centrica's oil and gas unit has launched his own North Sea-­focused explorer after securing $500 million (£301m) in private equity backing. Jonathan Roger, who joined the Scottish Gas parent following the £1.3 billion hostile takeover of Venture Production in 2009, said Siccar Point Energy will now seek out acquisitions of its own as oil ­majors scale back their North Sea exploration and production (E&P) activities. - The ScotsmanBC