Latest News
RBS axing 448 investment bank jobs
Royal Bank of Scotland is axing 448 investment banking jobs as part of a radical restructuring and is planning to transfer millions of pounds of pension-related costs on to employees, the Financial Times reported, citing a bank spokesman.
FTSE 100 movers: RBS up on job cuts, miners suffer
The FTSE 100 was in the red in afternoon trading on Tuesday, off the back of lower oil prices and predictions from OPEC that global demand for the cartel's crude would be less than previously expected in 2016.
FTSE 250 movers: Tullow slumps as oil drops; Hastings gains on results
London’s FTSE 250 index was down 0. 3% to 16,635. 32 at 1410 GMT, tracking broader weakness in the market as oil prices declined and investors looked ahead to rate decisions this week from the Bank of England and the Federal Reserve.
Tuesday newspaper share tips: Fever-Tree, John Laing Infrastructure Fund
Business is booming at Fever-Tree and there is room for further growth, but trading on 40 times' this year's earnings the valuation looks toppy, The Times's Tempus said.
Snoopers' Charter opponents attempt to get BT onside
Online activism group SumOfUs upped the stakes in its fight against the Snoopers' Charter on Tuesday afternoon, attempting to convince BT to join its fight as the controversial bill was read in the House.
Lighthouse extends Parliament Hill deal for 2 years
Financial advisor Lighthouse Group said it had renewed its contract with Parliament Hill Limited as the preferred provider of expert financial advice to its members for another two years.
Coffee pods make their way into inflation basket
Britain’s love affair with coffee was apparent in the latest changes to the basket of goods and services used by the Office for National Statistics to calculate inflation.
Currency trader hit with longer sentence for repayment failure
Currency trader Phillip Boakes has been sentenced to more than two years in prison for failing to pay back cash proceeds from defrauding investors in a forex scam.
Results round-up
Lower copper prices took the shine off full year results at Antofagasta as earnings before interest, tax, depreciation and amortisation plunged 58% to $890. 7m and the company was forced to cancel its final dividend.
RBS boosted by Goldman Sachs upgrade to 'buy'
Royal Bank of Scotland got a boost as Goldman Sachs upped the stock to ‘buy’ from ‘neutral’ and added it to its Conviction List.
ProPhotonix back in black as forex boosts margins
LED lighting and laser designer ProPhotonix posted it first ever profit in more than a decade thanks to the effect of the same currency fluctuations which had led to revenues declining.
Broker tips: Mears Group, Wood Group, RBS
Mears Group’s shares rose slightly as Investec said the company’s full year results were “solid enough” and in line with expectations.
Russian forces begin 'withdrawal' from Syria
Russian forces began their withdrawal from Syria on Tuesday following President Vladimir Putin's unexpected decision to pull out of the war ravaged country.
Falling US retail sales spark concern after January revised down
US retail sales fell by less than expected in February and, coming as January's data was revised down into negative territory, economists said this added another reason for the Federal Reserve to hold off from raising interest rates.
Empire state factory index positive for first time since July
Business conditions in the New York region improved more than expected in March, according to a survey from the New York Fed.
Avon to shift its head office to Britain
Multibillion-dollar beauty firm Avon revealed plans to shift its headquarters to the UK from the US this week.
SDL's full year loss widens
SDL reported a wider full year pre-tax loss for 2015 as it booked an impairment charge related to the group’s restructuring.
Mears Group's full year results 'solid enough', says Investec
Mears Group’s shares rose slightly as Investec said the company’s full year results were “solid enough” and in line with expectations.
Land Registry buyer emerges, reports say
George Osborne may have found a buyer willing to pay upwards of £1bn for the privatisation of the Land Registry, according to reports.
Europe midday: Basic resources pace decline as investors digest BoJ decision
European stocks edged lower on Tuesday as investors digested the Bank of Japan’s decision to stand pat on rates, with basic resources under the cosh.