Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
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* FTSE 100 up 0.1%, FTSE 250 flat
* Ferguson jumps after Nelson Peltz takes stake
* Tesco, M&S slips on main index
* Just Group surges ahead of AGM
June 13 (Reuters) - London's FTSE 100 edged higher on Thursday as Ferguson surged to an eight-month high after activist investor Nelson Peltz bought into the plumbing products distributor, while oil majors recovered from steep losses in the previous session.
The FTSE 100 inched 0.1% higher, while the mid-cap FTSE 250 was roughly flat by 0725 GMT.
Ferguson jumped 5.5% to the top of the main index after Peltz's Trian Fund disclosed a stake of almost 6% and said it would work with the company, formerly known as Wolseley, to explore initiatives to create long term value for shareholders.
Oil stocks provided the biggest boost to the index as crude prices rebounded after slipping more than 3.5% on Wednesday.
But stock market gains were limited by a 1.6% drop in Tesco shares after Britain's biggest retailer said its underlying sales growth slowed in the latest quarter.
Peer Marks and Spencer gave up 2.3% after the clothing and food retailer said it received valid acceptances of roughly 85.14% shares for a rights issue.
Just Group climbed 10% on the mid-cap index. The specialist pension provider said in a statement ahead of its annual general meeting that it was focused on delivering "capital self-sufficiency" by 2022. (Reporting by Shashwat Awasthi in Bengaluru Editing by Saumyadeb Chakrabarty)