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Diageo cuts growth target on slowdown

Diageo <DGE.L>, the No.1 alcoholic drinks group, met forecasts on Thursday with an 11 percent rise in annual earnings but cut its profit growth target due to an economic slowdown and rising input costs.

Retail sales post record fall in August

Retail sales fell at their sharpest annual pace in at least a quarter of a century in August as the housing market contraction and wet weather hit retailers hard, a survey indicated on Thursday.

House prices and retail sales slide

House prices fell 1.9 percent this month alone and retail sales dropped at their sharpest pace in at least 25 years, two separate surveys showed on Thursday, adding to the gloom on the economic outlook.

Oil rises towards $120 as Gustav threatens U.S. Gulf

Oil rose towards $120 a barrel on Thursday, its fourth day of gains, boosted by the threat of damage to U.S. oil installations from Tropical Storm Gustav.

Aer Lingus warns fuel, slowdown threaten viability

Irish airline Aer Lingus <AERL.I><AERL.L> expects to make losses this year and next due to high fuel costs and a slowdown in consumer spending, which it said could threaten the long-term viability of its business.

Debt worries overshadow Premier Foods profit rise

Premier Foods <PFD.L>, Britain's biggest food manufacturer, reported a 4 percent rise in first-half pretax profit on Thursday, in line with expectations, but its shares fell on renewed concerns over its debt levels.

EU may crack down on mobile operators overcharging

The European Commission may propose legislation to crack down on overcharging by mobile phone operators, the European Union executive said on Thursday.

FTSE ticks up as gains in banks eclipse weaker oils

The leading share index edged up by midday on Thursday as gains in banks offset weaker energy stocks, which fell on concerns over a tropical storm hitting production.