LONDON (Reuters) - UK shares edged lower in early trading on Friday, ahead of second quarter GDP data, as investors digested a raft of corporate results and Royal Bank of Scotland enjoyed an unexpected pop from earnings.
A �5.3bn deal to buy Sky Italia and a majority of Sky Deutschland will create a pay-TV leader in five European markets. 7:52am UK, Friday 25 July 2014.
UK shares were slipping in early deals, with Footsie down nearly nine points, but the big story in town was RBS (LON:RBS). The bank was the biggest riser on FTSE100, lifting nearly 14% after it surprised the City with half year results a week early.
Vodafone fell foul of tough market conditions in the first quarter, the company revealed, with a slowdown in Spain and South Africa resulting in another heavy drop in revenue.
Lloyds Banking Group confirmed that it is close to agreeing a settlement with UK and US regulators over allegations of Libor rigging.