Popular News From Popular Sites: Escalating Ukraine violence caps FTSE 100 despite Shell boost

Wednesday, April 30, 2014

Escalating Ukraine violence caps FTSE 100 despite Shell boost

An escalation of violence in Ukraine put a lid on British blue chips on Wednesday, offsetting sharp gains in the energy sector, where results for oil major Royal Dutch Shell beat expectations. Pro-Russian separatists seized control of state buildings in the town of Horlivka, tightening their grip on swathes of Ukraine's industrial east, in a major escalation of their revolt despite new Western sanctions on Russia. While Britain's top 100 companies make only 0.3 percent of their sales to eastern Europe, Thomson Reuters Datastream shows, tensions between Russia and the West and the prospect of costly sanctions dented appetite for assets which depend on economic growth, such as shares. "Positive corporate and economic data in recent weeks have unfortunately more or less been neutralised by the events unfolding in Ukraine. Read More http://ift.tt/PQcby4

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