27.08.2008

Russian bear
27-08-08 16:44

How UK could be affected if tensions with Russia grow

The price of oil climbed by almost $3 after official figures showed US crude stockpiles fell unexpectedly last week.

New orders for long-lasting US manufactured goods rise by a surprise 1.4% in July, led by a big rise in aircraft sales.

E.ON confirms it is cutting 1,800 sales jobs as it closes two-thirds of its German service centres.

The dollar loses some ground against the euro, a day after hitting a six-month high against the single currency.

Mining giant Antofagasta reports a 15% rise in half-year profits as high copper prices offset higher production costs.

Taylor Wimpey reports a £1.54bn loss for the past six months after having to write down the value of assets including land.

Heineken reports a slight fall in half-year profits as a result of the cost of buying UK brewer Scottish & Newcastle.