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US open: Stocks gain after better-than-expected US GDP data
US stocks rose on Tuesday as data showed the nation’s economy slowed less than originally estimated in the first quarter.
US consumer confidence improves more than expected in June
US consumer confidence improved much more than expected in June, according to data from the Conference Board.
Irish government urges Britons to stop applying for passports
Britons have been flocking in their thousands to apply for Irish passports after last Thursday's referendum in which a majority of British citizens voted to leave the European Union.
Tuesday newspaper round-up: $3trn lost, AAA rating, EU negotiation, banks
Global stock markets lost a record $3trn in the past two trading days after a sharp sell-off in equities around the world in response to the UK referendum vote to leave the EU. Observers said the falls on the first day after the vote on Friday were tied mainly to the short-term unwinding of trading positions related to expectations of a Remain vote ahead of the shock result, while the further selling on Monday was more about long-term revaluing of assets in anticipation of the potential fallout from the decision.
BoE to cut rates to zero, no Fed hikes until 2017, says SocGen
Negotiations between the UK and the European Union will take time but Societe Generale’s working assumption is that a solution will be found were the UK largely retains access to the single market.
FTSE 250 movers: Ocado tastes good; Shawbrook shattered
Shares in online grocer Ocado jumped as the company said revenues and earnings grew 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.
UK retail sales hold up in June but economists downbeat
A widely-followed gauge of UK retail sales was stronger than expected in June, although economists saw signs of caution on the part of consumers in the data in the run-up to the EU referendum and were generally downbeat regarding the immediate outlook for consumption.
FTSE 100 movers: Financials rally post-Brexit; miners lose shine
Financials staged a recovery as the Brexit bashing of the stock market took pause with Prudential leading the way up 10%.
US house price growth eases a touch in April, in line with views
US house price growth slowed just a touch in April, according to the S&P/Case-Shiller National Home Price Index, and the outlook is uncertain following Brexit and ahead of the US elections.
FX round-up: Cable stages largest two-day fall since 1971
Sterling plumbed its lowest level since 1985 on Monday – hitting an intra-day-low of 1. 3118.
US first-quarter GDP growth revised up to 1.1%
The latest data from the Commerce Department showed the US economy slowed down less than originally estimated in the first quarter.
Bonds: Markets speculate with July cut in Bank Rate
The yield on the benchmark 10-year Gilt dropped below 1. 0% for the first time ever on Monday, against the backdrop of a falling pound, as UK investors sought refuge amid the Brexit storm.
Wednesday preview: Dixons Carphone reports full year results
Dixons Carphone is expected to report on Wednesday an increase in pre-tax profits on the back of market share gains in its mobile phones and electricals business.
HS2 at risk of being derailed, warns spending watchdog
Britain’s next high speed railway was under threat on Tuesday, after the public spending watchdog warned of major cost pressures on the project.
Broker tips: Ocado, G4S, AB Foods
Numis reiterated a ‘buy’ rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings.
Numis reiterates 'buy' rating on Ocado
Numis reiterated a ‘buy’ rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings.
Andy Murray set to begin Wimbledon campaign
Wimbledon 2016 got underway yesterday at the famous venue, and today British number one and world number two Andy Murray will set up for his opening game of the famous competition.
Richard Branson: Chinese investors pulling out of UK
British tycoon Sir Richard Branson has warned that Chinese investors are already pulling out of the United Kingdom after the result of the EU referendum last week. While speaking to the Guardian, Branson said that he met with a group of Chinese businessmen on Monday morning who were unhappy about Brtain's exit from the bloc.
Firmer profits but weaker revenue at Carpetright
Flooring retailer Carpetright reported an uplift in underlying profit, but a decrease in revenue as market conditions remained tough in its full-year results to 30 April on Tuesday.
RBS and Lloyds sale on hold while £8bn falls of share price
The government has scrapped plans to sell its shares in the Royal Bank of Scotland (RBS) and Lloyds Banking Group on Tuesday due to Brexit, while the result wiped out almost £8bn on the banks’ share price on Monday.