BP and ExxonMobil could be caught up in the escalating trade war between Russia and the West today when a fresh round of economic sanctions are announced. Rosneft and Gazprom, the state controlled energy companies, and others in the energy sector will be targeted and could be prevented from drilling
Read moreLondon shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r
Read more* Group forecasts 2013-14 adjusted EPS ahead of 2012-13 * Sees 2013-14 sugar revenue and profit substantially lower * Sees 2013-14 Primark sales up 17 pct at constant currency * Shares fall up to 5 pct, up 59 pct over past year (Recasts with detail, FD and analyst comment, sha
Read moreShares in ITV were rising strongly on Monday on renewed speculation that Liberty Global could be preparing to launch a full-scale bid for the UK broadcaster. According to The Telegraph over the weekend, Liberty, which already owns a 6.4% stake in ITV through its investment in July, is "forming allia
Read more** Sainsbury and Tesco are among the worst-performing FTSE 100 stocks after data from Kantar Worldpanel shows yet more weak sales for the country's top supermarket retailers. ** The UK's top supermarkets have faced pressure from lower-cost rivals such as Aldi and Lidl. ** Kantar World
Read moreBritish retailer Marks & Spencer expects to have both its food and general merchandise divisions "firing on all cylinders" and anticipates a better Christmas after poor sales last time, the boss of its food business said. While the FTSE 100 company has seen non-food sales decline for the past 12 qu
Read more* Q2 like-for-like sales up 0.5 pct * Says profit up in line with sales growth (Recasts, adds detail, CEO comments) By James Davey LONDON, Aug 14 (Reuters) - Asda, the British arm of the world's biggest retailer Wal-Mart, reported an acceleration in quarterly sales growth and
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