Engineering outfit GKN is continuing to do well in its core aerospace and automotive markets despite the negative impact of recent movements in foreign exchange markets. The company lost £24m in reported profits during the first six months of the year. Those headwinds are set to continue in the latter half of the year but will eventually drop out. The outlook for its Land systems division however, which mainly sells agricultural equipment, is less rosy. It will do worse than had been expected this year. On the other hand, its automotive operations can be expected to comfortably outpace the wider market as GKN is putting more and higher margin content into each vehicle. So yes, at 14 times' earnings and on the back of a little over 2% dividend yield the stock is not especially cheap. Yet with sales expected to grow sharply the stock remains a core long-term 'hold' says The Times' Tempus. BP's seemingly never-ending upwards climb to try and do business in Russia just got steeper and its shares may continue to be headed downwards. The company yesterday managed to beat consensus forecasts for net profits thanks to the performance of its upstream division. That, in turn, is predicated on the contribution made by the stake in Russian peer Rosneft which is sitting on its books. Yet things are now worse following the latest arbitration award in favour of Yukos' ex- owners - which found that the Russian government had expropriated the company's assets. Likewise, recent legal victories for Argentina's holdout bondholders may also be a harbinger of things to come. Then there is the threat of further sanctions to come against Russia, writes the Financial Times' Lex column. ABPlease note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.