SINGAPORE (Reuters) - Brent crude held below $60 (�38) a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year.
THE crisis facing the North Sea oil and gas industry, with predictions of tens of thousands of job losses generated by the slump in the oil price, is "deeply worrying," a senior member of the Cabinet has admitted.
UK retail sales volumes last month showed their biggest year-on-year rise since May 2004, boosted by the Black Friday shopping frenzy adopted from the US, official figures have shown.
Ryanair is today being portrayed as the 'kingmaker' in efforts by International Airlines Group to take over Aer Lingus in a �1 billion-plus deal.
... * Govt says revision won't affect 2014 economic growth. * Change due mainly to greater contribution from services. * Historical GDP data series still being revised (Adds details, analyst quotes).