Tuesday business round-up: Six key stories of the day

BP is shedding at least 4,000 jobs, including 600 from its North Sea operations. Picture: Andy Buchanan/PA Wire

Here are six of today's key business stories in one handy package.

Oil giant BP said it would shed about 600 jobs from its North Sea operations over the next two years. The firm, which is to axe at least 4,000 posts around the world, took the decision in light of “toughening conditions” in the industry, and a spokesman said that the majority of the jobs are expected to be lost this year.

Flint Group, the global packaging and printing supplies firm, warned that 117 jobs at its Dundee site were under threat. The firm, headquartered in Luxembourg, said the plant was at risk of closure amid “significant and worsening financial losses” linked to a downturn in the print market.