Acquisition comes after SSE warned investors its energy supply division likely to suffer dip in profits.

Results come only three weeks after bank announced sacking of chief executive Anthony Jenkins.

Heineken has 42% stake in India's beer market leader UB Group which has 51% market share while Diageo dominates the spirits market with 40% share.

Without the Gulf of Mexico spill costs, profit would have been down by 43.3% to $3.89bn.

Chairman and founder Tim Martin slammed Osborne's policy of the UK living wage of £9 an hour by 2020.

Company expects overall sales to be consistent with expectations in its 2016 financial year.

8,000 of the total 50,000 HSBC job cuts will be made in the bank's UK arm.

A £5.23bn merger of two of its units would help the struggling company re-establish itself in the market.

Italy PMI rises to four-month high, French to eight-month high and German stayed just above 50.

Moody's changes aviation industry outlook to positive from stable.

In 2014, the average new Persimmon home cost £190,500.

Miliband says a Labour government would not tolerate a 'zero-zero' economy.

Amazon and others putting pressure on Royal Mail as we enter crunch Christmas period.

The delivery service's stock price has fallen dramatically after profits plummeted by 21%

Rocket's stock has surged some 30% this year, post its 2 October Frankfurt debut.

Persimmon built just over 11,500 homes last year

Markit's manufacturing PMI for South Korea, Taiwan, Vietnam and Indonesia have declined while Chinese and Indian numbers edged higher.

But the rating remains constrained by a relatively short track record of delivery and high financial leverage of the firm.

The Indian banking system is still weak due to its high leverage in the corporate sector, Moody's says.

Basel III is tougher global regulatory standard on bank capital adequacy, stress test and market liquidity risk.

P&G will now try and sell the Duracell batteries business.

PMI data falls to lowest level for nine months as fears mount over Eurozone recession.

Net revenue rose 23% in the third quarter of 2014.

Tensions in Russia have forced bottler Coca Cola HBC to revaluate its performance outlook.

Two percent shaved off major US and European markets on 31 July.

Royal Mail reported rising profits, but ominous warning from chief executive scares off investors.

Higher regulation and uptake in e-cigarette usage in emerging markets are hastening tobacco companies' expansion into the sector.

Don't be fooled by the Oxford Street demonstration over the 1,138 Bangladeshi factory workers which died

Falling prices of smartphones are affecting Samsung's profit margins.

Volvo's earnings have been hit by the cost of launching and bringing into production new truck models.