BP to sell North Sea business; AI companies lead record surge on Korea’s stock market – business live

Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licencesThe owner of British Airways has reported a steep fall in profits and said it expects no growth in passenger capacity this year as the US-Israeli war in Iran takes its toll.International Airlines Group (IAG) said it expected demand to stay strong, but added that its “disciplined cost control” could only partly mitigate the impact of “a significant fuel price increase” caused by the attacks on Iran. Iran closed the strait of Hormuz in response to the attacks, a key export route for oil