Asda sales growth slows in UK

Asda, the British arm of U.S. retailer Wal-Mart, said underlying sales growth had slowed in the fourth quarter of its financial year as consumers tightened spending. Britain's second-biggest supermarket chain behind Tesco

FTSE dips below 5-year high on dividend drag

Britain's leading blue-chip index dipped in early trade on Wednesday as a number of heavyweight firms traded ex-dividend, leaving the FTSE tucked just below 5-year highs hit in the previous session. Ex-dividend

4G auction earns UK less than expected

The British government will receive a smaller-than-expected 2.34 bln pound ($3.6 bln) windfall from airwaves auctioned for 4G super fast mobile broadband, in a sale where all existing mobile operators won spectrum.