Latest News
Credit Suisse upgrades G4S on valuation, sterling weakness
Credit Suisse upgraded security services company G4S to ‘outperform’ from ‘neutral’ and lifted the price target to 210p from 200p, pointing to four main reasons for the move.
Europe midday: Stocks rise as investors snap up bargains
European stocks rose on Tuesday as investors stepped in to pick up stocks that were battered in the aftermath of Britain’s decision to leave the European Union, while the pound and the euro recovered a little ground.
London midday: FTSE and pound recovers in wake of Brexit
The FTSE 100 and the pound recovered on Tuesday from two days of falls after Britain voted to leave the European Union.
Brexit the end of Hinkley Point, says expert
The planned new nuclear power station at Hinkley Point was in doubt on Tuesday, with one expert saying majority French-owned company EDF is highly unlikely to invest given the post-Brexit economic climate.
Berenberg upgrades AB Foods to 'buy'
Berenberg upgraded Primark owner Associated British Foods to ‘buy’ from ‘hold’ but cut the price target to 2,760p from 3,450p.
Nigel Farage says European leaders are "in denial"
Nigel Farage has faced the European Pariament for the first time since Britain voted to leave the European Union - and he's making more enemies already. In a speech during a debate on the response to Brexit, Farage took the floor to berate his fellow MEPS, accusing them of being "in denial" about the crisis they face with their currency.
UK's Osborne sees tax rises, spending cuts post Brexit; rules out leadership bid
UK Chancellor George Osborne maintained his view that the government would have to increase taxes and cut spedning to deal with the economic fallout of Brexit.
US pre-open: Stocks set to bounce back from Brexit selloff
US futures pointed to a positive open on Wall Street, where stocks were set to bounce back from the Brexit-fuelled selloff.
Northgate cautions on Brexit as it reports full year results
Light commercial vehicle hire company Northgate’s annual profits were boosted by an increase in demand in Spain against a “mixed trading backdrop” but cautioned on the potential effect of Brexit on the business.
EU could remove English as official language in wake of Brexit
English could be on its way out as an official and working language of the European Union in the fallout from Britain's vote to leave the bloc last Thursday. The language of Shakespeare is one of the three official languages in the European body's repertoire, and it is used widely as a working language as it is the second language of the majority of those working within any European institution. But French politicians have suggested that they may now have a chance to push French as the main language used by the bloc.
Asia report: Markets finish higher despite Brexit uncertainty
Most markets in Asia finished Tuesday higher, managing to stabilise somewhat amid a Brexit-based global retreat.
Discounters Aldi and Lidl hit record grocery market share
Discounters Aldi and Lidl saw their combined share of the grocery market rise to a record high of 10. 5% in the 12 weeks to 19 June, while the UK’s big four supermarkets saw a drop in market and the overall market slipped into decline for the first time since January.
Draghi expresses "sadness" over Brexit
European Central Bank president Mario Draghi has expressed “sadness” over Britain’s decision to leave the European Union.
England exit Europe for second time in a week as Roy Hodgson quits
England crashed out of Europe for the second time in 5 days last night - this time in football as their Euro 2016 journey came to an end at the hands of lowly Iceland. Manager Roy Hodgson quit in disgrace after the game on Monday night in which his team were beaten by a country with a population of just 323,000, around the size of Leicester.
Goldman adjusts ratings on UK housebuilders after Brexit
Following the UK’s decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and house prices to fall by 2%/5% in 2016/17.
Fastjet to raise more funds amid challenging markets
Tanzania-based budget airline Fastjet said on Tuesday that it needs to raise further finance to provide essential working capital and effect the necessary changes to its operations as the trading environment remains challenging.
Europe open: Stocks bounce back from Brexit-fuelled losses
European stocks rose in early trade, rebounding from two days of heavy losses fuelled by Britain’s decision to leave the European Union, as the pound came off its lows.
Capita signs £140m partnership agreement with Tesco Mobile
Capita said it had formed a £140m partnership with Tesco Mobile to provide customer management services.
London open: Stocks rebound in Brexit aftermath
London stocks rebounded on Tuesday after two days of declines in the aftermath of Brexit.
Former Treasury man Kingman to chair Legal & General
Legal & General announced the appointment of a new group chairman on Tuesday, confirming former Second Permanent Secretary of HM Treasury Sir John Kingman as taking the up the post.