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FTSE skids to multi-week lows as global markets fall

London stocks finished at multi-week lows, thanks to a pall cast by a falling Europe as inflation data disappointed, and Wall St ebbing on a palette of economic news. Crude was near 2016 highs and safe-haven gold rose. Petro Matad (MATD) made triple-digit gains.

Shell to exit Blocks IV and V in Mongolia

Petro Matad (MATD) has announced that Shell (RDSA), through its affiliate company, has issued an Exit Notice to the Company's 100% owned subsidiary, Central Asian Petroleum Corporation Limited.

RTN warns

Restaurant Group has reported worsening trading conditions and warned it sees FY like-for-like sales down 2.5%-5.0%, translating into a FY pretax profit of GBP74m-GBP80m. It had expected a FY pretax profit of GBP89m.

RBS' loss

Royal Bank of Scotland has slightly more than doubled its Q1 attributable loss to GBP968m, from a loss of GBP459m. Net interest income totalled GBP2.156bn, from GBP2.203bn.

Proton's order

Proton Power Systems has received a significant order for Fuel Cell Emergency Power Units from a blue chip German customer. The total order value is 1.8m euros for a number of systems which are all expected to be delivered and installed during 2016.