Ryanair and Aer Lingus were dragged down in a sector-wide slide in airline stock linked to Germany’s Lufthansa lowering of its profit forecast earlier in the week.

European stocks were little changed yesterday despite poor retail sales and jobs data from the US, while oil prices hit a three-month peak on escalat(...)

Assembling a gas turbine at Siemens in Berlin: the company is trying to reposition itself to take advantage of growth in the energy sector. Photograph: Michele Tantussi/Bloomberg

The head of the German electronics and engineering giant Siemens said last week that the company would not be strong-armed into acquiring the power un(...)

Chris Finlayson, chief executive officer of BG Group, who announced his resignation today, as the group said that  oil and gas production this year would be at the lower end of the estimated range because of declining production in Egypt ng playing field. Photograph: F. Carter Smith/Bloomberg

BG Group chief executive officer Chris Finlayson has resigned, as the UK’s third-largest oil and gas producer ditched an output forecast made j(...)

The Suncor oil sands extraction facility near the town of Fort McMurray in Alberta, Canada. Photograph: Mark Ralston/AFP

At a time of Russian sabre-rattling and with the Middle East in turmoil, a welcome geopolitical treble win could be on the cards. The United St(...)

A piper walks up the Royal Mile  in Edinburgh, Scotland. A referendum on whether Scotland should be an independent country will take place on September 18th, 2014. Photograph:  Jeff J Mitchell/Getty Images

Ratings agency Standard & Poor’s said there were “important considerations and uncertainties” that factored into the creditworthiness of ba(...)

Shell said it would postpone the project to provide subsea compression at Ormen Lange, Norway’s second-biggest gas field, because costs have soared and the technology is uncertain. Photograph: Simon Dawson/Bloomberg

Royal Dutch Shell has dropped an innovative project to provide compression for a major Norwegian gas field without the need for a platform, dea(...)

Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s efforts to at least maintain its oil output at more than 10 million barrels per day.  Photograph: Fabrice Dimier/Bloomberg

French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the webs(...)

Vitol has agreed to buy Royal Dutch Shell’s Australian refinery and petrol stations for about $2.6 billion. Photo: Bloomberg News

Global oil trader Vitol has agreed to buy Royal Dutch Shell’s Australian refinery and petrol stations for about $2.6 billion in its biggest acq(...)

Profits at oil giant BP have fallen from $3.9bn to $2.8bn. Photo: Bloomberg

BP, Europe’s second-largest oil company, said fourth-quarter profit fell from a year earlier as output declined and refining margins weakened. The oil(...)

Diageo, the maker of Smirnoff vodka and Johnnie Walker whisky, said operating profit excluding some items was £2.06 billion

European shares recouped early losses and closed higher yesterday following the release of solid US growth data. Investors also stepped back in to buy(...)