Exploration and production-related stocks tumbled after top oil exporter Saudi Arabia cut prices to the US. Brent crude slid to near $82 a barrel – extending losses to a fourth session. Photograph: Reuters

European stocks declined for a second day, as officials cut growth forecasts for the euro region, and oil companies plunged on tumbling prices for the(...)

 Imperial Tobacco was “taken aback” by the 40 cent increase on a packet of cigarettes announced by Michael Noonan. Photograph: Christian Hartmann/Reuters

It isn’t very often the tobacco industry comes out to play on the publicity pitch. But the award for press release of the week must go to Imperial Tob(...)

CRH chief executive Albert Manifold. The building materials company’s shares finished down 1.8 per cent at the close yesterday, following the release of the company’s half-yearly figures. Photographer: Chris Ratcliffe/Bloomberg

Both European and US stocks made gains yesterday, with Ireland and Iceland the only western countries not to record a positive day’s trading while (...)

Espirito Santo plunged 11 per cent to 39.6 cents, its lowest price since June 2012. Photograph: Mario Proenca/Bloomberg

Markets went into retreat yesterday on renewed fears about Portugal’s Banco Espirito Santo and comments from Federal Reserve chairwoman Janet Yellen (...)

Reynolds American is to buy rival Lorillard for $25 billion, merging two of the world’s biggest cigarette makers in a deal that includes the sale of (...)

Stocktake

One person expecting a bear market is Marc “Dr Doom” Faber, who last week warned that the S&P 500 was facing a 30 per cent drop. Faber famo(...)

The headquarters of Reynolds American is seen next to the old RJ Reynolds Tobacco smoke stacks in downtown Winston-Salem, North Carolina. Photograph: Chris Keane/Reuters

Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the thr(...)

Imperial Tobacco, which owns John Player in Ireland, yesterday criticised the Department of Health’s failure to release the regulatory impact assessment for the proposed legislation. Photograph: Martin Rickett/PA Wire

Anyone who breaks new laws imposing plain packaging on all tobacco products could face up to eight years in jail, according to the text of Minister f(...)

AstraZeneca shares tumbled more than 11 per cent, helping to pull both the FTSE 100 in London and the pan-European FTSE Eurofirst 300 equity indices down 0.2 per cent.

Fresh uncertainty over the prospects for the Chinese economy and renewed worries about current equity valuations made for a cautious day in the market(...)

Bank of Ireland shares added 5.18%
European shares snap winning run

European stocks retreated, halting their longest winning streak of the year, as companies from Rolls-Royce Holdings to BNP Par(...)