Full List Of Stories
TBC Bank deputy CEO, CFO Shagidze to leave
TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year "to explore other opportunities in a different field and/or geography".
FTSE 250 movers: AO World loses ground; IMI in the black
London’s FTSE 250 was down 1. 2% at 17,175. 21 in afternoon trade on Tuesday.
FTSE 100 movers: BT rallies; Halma under the cosh
London’s FTSE 100 was down 0. 5% at 6,145. 54 in afternoon trade on Tuesday.
Arbuthnot Banking profits hit by BoE rate cut
Arbuthnot Banking reported a slump in first-half profit on Tuesday as it took a hit after the Bank of England cut interest rates to a record low in March.
Halma posts record annual profit but warns over 2021
Halma reported record annual profit and revenue on Tuesday, underpinned by acquisitions, and lifted its dividend but warned that profit for FY2021 will fall.
Amur Minerals considering mining sector investment
Amur Minerals noted the rise in its share price on Tuesday and confirmed it is considering an investment in the mining sector.
No UK economic recovery to pre-Covid levels until 2022, says OBR
The UK economy is unlikely to recover to pre-Covid levels until 2022, according to the Office for Budget Responsibility, while the budget deficit will hit its highest level in peacetime.
London midday: Stocks in the red as GDP data disappoints
London stocks were off earlier lows but still in the red by midday on Tuesday amid ongoing concerns about new coronavirus cases in the US and following the release of disappointing UK GDP data.
Fevertree hails 'solid' start to year; buys German sales agent
Posh tonics maker Fevertree hailed a "solid" start to the year on Tuesday, underpinned by strength in the off-trade segment, as it announced the acquisition of its sales agent in Germany.
Mitie tumbles as rights issue shares admitted
Outsourcer Mitie was under the cosh on Tuesday after its right issue shares were admitted following the company’s acquisition of Interserve’s facilities management arm last month.
Morgan Sindall agrees forward funding for Lewisham Gateway scheme
Construction and regeneration company Morgan Sindall said on Tuesday that its urban regeneration division has agreed a £252m forward funding deal with Get Living to deliver the final phase of its Lewisham Gateway scheme.
London open: Stocks fall as investors mull GDP figures
London stocks fell in early trade on Tuesday as sentiment took a hit after California rolled back on its reopening plans and following the release of disappointing UK GDP data.
Vertu Motors swings to profit in June; to cut 345 jobs
Vertu Motors said on Tuesday that it swung to a profit in June amid better-than-expected trading, but announced plans to cut around 345 jobs due to automation and as it looks to cut costs.
London pre-open: Stocks seen lower as investors digest GDP
London stocks were set to open lower on Tuesday following a mostly negative session on Wall Street, as investors digested the latest UK GDP data.
Tuesday newspaper round-up: Nationwide, Covid debt, Heathrow
Rishi Sunak’s multibillion-pound economic response to Covid-19 has been criticised for lacking transparency by the incoming head of the Treasury’s independent tax and spending watchdog. Richard Hughes, the economist picked by the chancellor to lead the Office for Budget Responsibility, told MPs on the Commons Treasury committee that taxpayers lacked enough information to know whether the measures outlined by Sunak at last week’s summer statement would be cost effective.