Latest News
Mitsubishi falsified mileage tests back to 1991
Japanese automaker Mitsubishi Motors revealed on Tuesday that it had uncovered evidence of tampering with mileage testing data for its cars dating back to 1991.
Austin Reed to go into administration - reports
Upmarket High Street retailer Austin Reed was set to become the second iconic British name to go into administration in as many days, UK media reported on Tuesday.
Paddy Power Betfair boosted by Morgan Stanley upgrade
Paddy Power Betfair got a boost on Tuesday as Morgan Stanley lifted its stance on the shares to ‘overweight’ from ‘equalweight’, saying the stock’s drop of over 20% in the last two months made for a compelling entry point.
AstraZeneca, Ironwood agree US licensing deal for gout treatment
AstraZeneca said it had entered a licensing agreement with Ironwood Pharmaceuticals over exclusive US rights to Zurampic, which is used to treat hyperuricemia associated with uncontrolled gout.
Cobham tanks as it warns on profit, announces rights issue
Shares in FTSE 250 aerospace and defence group Cobham tanked after it proposed a £500m rights issue in the second quarter of the year as it reported a big drop in first-quarter trading profit.
Asia report: Investors keep wallets closed ahead of Fed, BoJ
Markets in Asia finished mixed on Tuesday as investors kept their wallets closed ahead of major central bank decisions due this week.
Carpetright reiterates full-year profit guidance
Carpetright reiterated its full-year profit guidance on Tuesday as it reported growth in like-for-like UK sales in a trading update for the 12 weeks ended 23 April.
Boohoo's full-year profit and revenue rise
Boohoo. com reported a rise in full-year profit and revenue, boosted by an expanded product range.
Countrywide warns Brexit uncertainty will lead to property slowdown in Q2
Listed real-estate agency Countrywide warned that it expected the housing market to slow down in the second quarter on the back of uncertainty over June's EU referendum.
Scottish Power fined £18m for customer service failings
Scottish Power confirmed on Tuesday that it has agreed to pay out £18m for customer service failures.
Allied Minds secures £55m funding for up to ten new drugs
Science and technology development and commercialisation company Allied Minds announced a fresh $80m (£55m) of investment commitments on Tuesday, received through its newly-formed subsidiary ABLS Capital.
Europe open: Stocks edge higher as oil recovers; earnings in focus
European stocks edged higher in early trade as oil prices recovered and investors sifted through a raft of corporate news at the start of the Fed’s two-day policy meeting.
London open: Stocks move higher after corporate earnings
London stocks advanced on Tuesday as traders sifted through a batch of corporate earnings releases.
Jardine Lloyd Thompson performing well, says management
Insurance and employee benefits group Jardine Lloyd Thompson updated the market on its trading and performance on Tuesday morning, describing its position as strong ahead of its annual general meeting later in the day.
Harvey swaps PZ Cussons boardroom for Pacific retirement
Consumer products group PZ Cussons was losing its non-executive chairman to the allure of antipodes on Tuesday, with Richard Harvey announcing his intention to step down on 31 December and retire to New Zealand.
Redefine posts impressive earnings growth
Income-focused real estate investment trust Redefine International posted impressive earnings growth in its interim results on Tuesday, along with a modest increase in its portfolio value.
LondonMetric acquires £16m of assets
LondonMetric Property has acquired two convenience assets in Matlock and Leicester and a development site in Ipswich for £16. 2m, reflecting a net initial yield of 7. 0%.
AstraZeneca's Bevespi Aerosphere approved by US FDA
AstraZeneca said announced that the US Food and Drug Administration has approved its Bevespi Aerosphere inhalation aerosol for treating patients with chronic obstructive pulmonary disease.
British American Tobacco increases cigarette volumes, market share
British American Tobacco reported more smokers puffing on its products on Monday, with increased volumes and market share in the first quarter of 2016.
Earnings and debt up significantly at Whitbread
Hospitality group Whitbread reported sizeable increases in revenue and earnings in its preliminary results on Tuesday, with total revenue up 12% to £2. 91bn, and underlying profit before tax up 11. 9% to £546. 3m.