European stocks rise as oil falls back below $100; UK could lose advantage over EU due to Trumps new tariffs, industry warns - business live

Rolling coverage of the latest economic and financial newsOn the corporate front today, the consumer goods group Reckitt Benckiser has warned it will take a £175m hit from selling its business in Russia to local manufacturer Arnest Management.The deal is part of Reckitts wider plans to transfer ownership of its operations in Russia, as many Western businesses have withdrawn from the country since its invasion of Ukraine.Hospitality companies saw demand boosted by good weather, the FIFA World Cu...