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US close: Stocks end higher as US GDP revised higher
US equities closed higher on Tuesday as oil prices jumped and first quarter economic growth data came in better than expected.
UK Labour's Corbyn refuses to stand down after losing no-confidence vote
British opposition Labour Party leader lost a humiliating no-confidence vote by 170 to 40 but refused to resign, media reports said on Tuesday.
European Banking Authority to move to Paris or Frankfurt
The European Banking Authority plans to move to Paris or Frankfurt after the vote of the British decision to leave the European Union (EU).
Small caps news round-up
Investment vehicle Ultimate Sports Group announced on Tuesday that it has raised £0. 5m through the placing of 5 million new ordinary shares of 10p each, at a price of 10p per share, with new and existing investors including the some of the company’s own directors. The AIM-traded firm said the funds raised will be used to support the rollout of its online platform for children, which measures, motivates and incentivises their personal sporting performance, as well as supporting general working capital requirements.
Next England football manager: Betting odds
After Roy Hodgson's resignation as England football manager last night following his team's disappointing loss to Iceland at Euro 2016, bookmakers have installed a clear favourite to be his successor.
London close: Stocks gain but analysts expect post-Brexit selloff to continue
London stocks closed in positive territory on Tuesday after two days of falls in the aftershock of Brexit.
Europe close: Markets attempt to clean up after Brexit
Markets in Europe finished up on Tuesday and the two major currencies gained some ground, as investors picked up the pieces in the wake of Friday’s market-shattering decision by the UK to exit the European Union.
Share plc offloads chunk of LSE holding
Share plc announced on Tuesday that its subsidiary, The Share Centre Ltd, sold 23,727 of the shares it held in London Stock Exchange Group on 23 June.
Messaging International shares surge as loss narrows
Provider of messaging services Messaging International announced results for the 2015 calendar year on Tuesday, with gross revenues falling 4% to £3. 47m from 2014.
Volkswagen agrees settlement of $15 billion after emissions scandal
Volkswagen will settle claims from a court case over its emissions cheating scandal in a deal worth nearly $15 billion. The agreement will be the largest of its kind ever settled by a car manufacturer.
Premier Veterinary signs agreement for pet care plan in US
Premier Veterinary’s subsidiary, Premier Vet Alliance, is to provide its preventative healthcare programme, Premier Pet Care Plan, to Merritt Veterinary Supplies in the US.
GLI Finance realises FundingKnight acquisition dream
GLI Finance realised its previously failed goal of acquiring peer-to-peer lender FundingKnight on Tuesday, after the business fell into administration.
Ex-BoE's Mervyn King criticises Remain's exagerrated claims
Ex-Bank of England governor Mervyn King reportedly criticised the ‘Remain’ camp’s “exaggerated claims” about the costs of leaving the European Union.
North River Resources confirms future funding with Greenstone
North River Resources announced on Tuesday that it has conditionally raised $5. 6m through the issue of new secured, conditionally convertible loan notes to Greenstone Resources.
Ultimate Sports Group raises £0.5m in placing
Investment vehicle Ultimate Sports Group announced on Tuesday that it has raised £0. 5m through the placing of 5 million new ordinary shares of 10p each, at a price of 10p per share, with new and existing investors including the some of the company’s own directors.
Results round-up
Online grocer Ocado saw revenue and earning grow in the first half of the year, reporting gross sales of £582. 9m for the 24 weeks to 15 May on Tuesday, a 13. 9% rise on £511. 9m in the comparative period last year.
Juncker calls for immediate clarity on UK's Brexit position
Britain must “clarify its position” on the terms of its departure from the European Union as soon as possible, European Commission President Jean-Claude Juncker said on Tuesday.
Urals Energy FY losses narrow but revenue falls
Full-year revenues at oil company Urals Energy fell despite an increase in production as volatility in oil prices and foreign exchange markets took their toll.
Some UK property stocks may be approaching oversold levels, JP Morgan says
Inactivity bred by the uncertainty after Brexit would create material headwinds for UK property stocks, but even after factoring-in 30% declines in capital values over the coming three years shares in Land Securities, Derwent London and Hammerson might be approaching oversold levels, JP Morgan said.