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Numis cuts Aberdeen Asset Management to 'hold' from 'add'
Aberdeen Asset Management’s shares slumped on Tuesday as Numis downgraded the stock to ‘hold’ from ‘add’ after the company reported a drop in first half profit.
Blur Group secures contract extension with FTSE 250 retail group
Blur Group has signed a two-year contract with an unnamed FTSE 250 multi-channel retail group, extending an existing relationship.
UK manufacturing PMI unexpectedly enters contraction territory
UK manufacturing unexpectedly entered contraction territory in April.
Liberty House to submit formal offer for Tata UK assets
Liberty House has confirmed it will put in a formal bid to buy Tata Steel’s UK assets on Tuesday, according to reports.
US macro data is being leaked to traders, ECB report warns
Traders in US stock markets have been accused of enjoying leaked macroeconomic data ahead of official release times, according to a report by the European Central Bank that has warned of "substantial" insider trading.
UBS Q1 profit slides amid low transaction volumes
Swiss bank UBS posted a big drop in first-quarter net profit amid weakness in the wealth management business and low transaction volumes.
Aberdeen Asset Management 1Q profit slumps 40%
Aberdeen Asset Management tumbled on Tuesday as it reported a slump in first-half profit amid weakness in emerging markets.
RSA Insurance boosted by Barclays upgrade
RSA Insurance got a boost on Tuesday as Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ and lifted the price target to 545p from 457p.
London open: Stocks fall after disappointing Chinese manufacturing data
London stocks fell on Tuesday after Chinese manufacturing data came in weaker than anticipated, fuelling concerns about the world's second largest economy.
Europe open: Stocks in the red as Commerzbank, UBS slide
European stocks fell in early trade as investors sifted through some disappointing corporate releases.
Micro Focus completes Serena Software purchase
International software group Micro Focus said it has completed its acquisition of Serena Software for an enterprise value of $540m.
Just Eat profits getting fatter as Britain guzzles more takeaway food
Just Eat said it now expects full year profits to be larger than previously indicated after the number of famished Britons ordering takeaway food online continued to increase in the first three months of the year.
Centamin Q1 profits shine on higher production, lower cash costs
Egypt-based gold miner Centamin said first quarter earnings before interest, tax, depreciation and amortisation rose to $67. 4m from $53m a year earlier.
HSBC profits way ahead of forecasts despite 18% fall
HSBC's first-quarter profits fell 14% compared to last year but was better than analyst forecasts, with chief executive Stuart Gulliver expressed confidence that cost-reduction plans now under way will hit their target by the end of next year.
Morrisons rolls out further price 'Crunch' cuts
Morrisons has expanded its 'Price Crunch' programme as it seeks to win back customers from discounters.
UK CMA clears United, Severn Trent non-household JV
The Competition and Markets Authority has approved a joint venture between United Utilities and Severn Trent to combine their non-household water and wastewater retail businesses.
Regus posts rise in Q1 revenue, confident over full year
Regus, a provider of flexible workspace solutions, said it expects to deliver full-year results in line with management's views as it reported “good trading” in the three months to the end of March.
London pre-open: Stocks seen higher on upbeat US cues
London stocks were expected to open in the black on Tuesday, taking their cue from a positive session in the US as traders return to their desks following the long bank holiday weekend.
Aviva increases stake in India venture to 49%
Aviva said it has completed the acquisition of an additional 23% share in Aviva India from its joint venture partner Dabur Invest Corp.
HSBC profits fall, AstraZeneca offloads angina drug
London open The FTSE 100 is expected to mount a small, four-point rise on the Tuesday after the May Day bank holiday.