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FTSE 250 movers: Oil, gas & miners in favour; Chemring slides
FTSE 250 (MCX) 19,874. 45 0. 10%.
Thames Water Kemble's debt rating downgraded to 'C' by Fitch
The parent company of struggling utility Thames Water has had its debt downgraded to 'C' from 'CC by ratings agency Fitch after it failed to make a £190m loan repayment last week.
Europe midday: Investors wary ahead of ECB decision, US inflation
European shares were lower on Tuesday as investors took a cautious approach ahead of US inflation data later in the week and an interest rate decision from the European Central Bank.
Europe open: Shares slip as nervous investors fret over US inflation
European shares opened lower on Tuesday as investors took a cautious approach ahead of US inflation data later in the week and an interest rate decision from the European Central Bank.
BP sees higher Q1 upstream production
Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.
HSBC to take $1bn hit from Argentina unit sale
HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.