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London close: Stocks gain post-Brexit selloff expected to continue

London close: Stocks gain post-Brexit selloff expected to continue

London stocks closed in positive territory on Tuesday after two days of falls in the aftershock of Brexit.

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UK Labour's Corbyn refuses to stand down after losing no-confidence vote

UK Labour's Corbyn refuses to stand down after losing no-confidence vote

British opposition Labour Party leader lost a humiliating no-confidence vote by 170 to 40 but refused to resign....[more]

Juncker calls for immediate clarity on UK's Brexit position

Juncker calls for immediate clarity on UK's Brexit position

Britain must "clarify its position" on the terms of its departure from the European Union as soon as possible, Juncker said....[more]

Rolls Royce sees no immediate impact from Brexit

Rolls Royce sees no immediate impact from Brexit

Rolls-Royce said the UK's decision to leave the EU......[more]

Astrazeneca wins approval for new antibiotic

Astrazeneca wins approval for new antibiotic

AstraZeneca has won European regulatory......[more]

Wood Group secures multi-million dollar contract

Wood Group secures multi-million dollar contract

Energy services company Wood Group has secured......[more]

Fastjet to raise more funds amid challenging markets

Fastjet to raise more funds amid challenging markets

Tanzania-based budget airline Fastjet said......[more]

FTSE 100 movers: Financials rally

FTSE 100 movers: Financials rally

Financials staged a recovery as the Brexit bashing of the stock market took pause....[more]

FTSE 250 movers: Ocado tastes good

FTSE 250 movers: Ocado tastes good

Shares in online grocer Ocado jumped as the company said revenues and earnings grew....[more]

More than 1200 UK business leaders sign letter against Brexit

More than 1200 UK business leaders sign letter against Brexit

More than 1,200 business executives have signed a letter supporting UK membership of the European Union.

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Tuesday newspaper round-up: $3trn lost, AAA rating, EU negotiation, banks

Tuesday newspaper round-up: $3trn lost, AAA rating, EU negotiation, banks

Global stock markets lost a record $3trn in the past two trading days after a sharp sell-off in equities around the world in response to the UK referendum vote to leave the EU. Observers said the falls on the first day after the vote on Friday were tied mainly to the short-term unwinding of trading positions related to expectations of a Remain vote ahead of the shock result, while the further selling on Monday was more about long-term revaluing of assets in anticipation of the potential fallout from the decision. - Financial Times

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Sky boosts children's offering with NOW TV

Sky boosts children's offering with NOW TV

Subscription broadcaster Sky has waded deeper into the children’s television arena on Tuesday, with the launch of the NOW TV Kids Month Pass.

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SMS agrees to supply First Utility customers with smart meters

SMS agrees to supply First Utility customers with smart meters

Smart Metering Systems (SMS), an integrated metering services company, has agreed to supply smart meters to customers of First Utility, an energy supplier, as part of a government programme.

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Market Buzz [more]

Wednesday newspaper round-up: Pensions, Vodafone, BHS, Port Talbot

Wednesday newspaper round-up: Pensions, Vodafone, BHS, Port Talbot

Wed, 29 June 2016

(ShareCast News) - There was something different about David Cameron's last EU supper. The mood was good-tempered, the jibes few and far between, the atmosphere sober but for the occasional laugh. Eme... [more]

Tuesday broker round-up:

Tue, 28 June 2016

(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p.... [more]

Some UK property stocks may be approaching oversold levels, JP Morgan says

Tue, 28 June 2016

(ShareCast News) - Inactivity bred by the uncertainty after Brexit would create material headwinds for UK property stocks, but even after factoring-in 30% declines in capital values over the coming th... [more]

Company News [more]

Cobham appoints Qinetiq's David Mellors as CFO

Cobham appoints Qinetiq's David Mellors as CFO

Wed, 29 June 2016

(ShareCast News) - Aerospace and defence group Cobham announced the appointment of David Mellors as chief financial officer.... [more]

Homeserve well placed after Brexit; signs new affinity deals in US

Wed, 29 June 2016

(ShareCast News) - Maintenance group Homeserve said it was "well positioned" to meet the challenges posed by Britain's exit from the EU, adding that growth prospects remained "strong".... [more]

Greene King FY profit up 52%, but warns on Brexit impact

Wed, 29 June 2016

(ShareCast News) - Pub group Greene King reported a surge in full-year profit and revenue, partly thanks to its acquisition of Spirit Pub Company, but cautioned that Brexit was likely to hit consumer ... [more]

Economic News [more]

House prices growth remains stable in June, Nationwide finds

House prices growth remains stable in June, Nationwide finds

Wed, 29 June 2016

(ShareCast News) - UK house prices grew more than expected in June, despite the uncertainty around the referendum on European Union membership, according to data from building society Nationwide. ... [more]

Ex-BoE's Mervyn King criticises Remain's exagerrated claims

Ex-BoE's Mervyn King criticises Remain's exagerrated claims

Tue, 28 June 2016

(ShareCast News) - Ex-Bank of England governor Mervyn King reportedly criticised the 'Remain' camp's "exaggerated claims" about the costs of leaving the European Union.... [more]