Latest News
Food price decline continues in boost to shoppers, says BRN-Nielsen index
Shop prices continued to fall in June as food prices sank further in a boost to consumers, according to the BRC-Nielsen shop price index.
May wins first round of Tory leadership contest
Home Secretary Theresa May won the first round of the Conservative Party leadership election on Tuesday by a large margin, polling 165 votes.
US close: Stocks end lower as Brexit concerns mount
US stocks finished in the red on Tuesday as investors returned from the long holiday weekend and as concerns about the impact of Brexit mounted.
Waitrose to sell own brand products worldwide to boost sales
Upmarket supermarket Waitrose announced they will be selling its own brand products through an expat website worldwide.
US factory orders fall more than expected in May
Orders for US manufactured goods fell by 1. 0% to $455. 2bn in May after two months of increases, according to the Commerce Department on Tuesday.
FX Round-up: Sterling endures torrid time after dovish Carney
Sterling endured a torrid time against the dollar, yen and euro today after Bank of England governor Mark Carney stuck a dovish tone in the central bank's financial stability report (FSR).
Gove "wild", May "bloody difficult" and Leadsom's views "extremely stupid" - Ken Clarke
"Bloody difficult," "wild," and "extremely stupid" views are just some of the thoughts of Tory party heavyweight Ken Clarke expressed on a trinity of contenders for the Conservative party's throne.
London close: FTSE ends higher as BoE takes action on Brexit
The FTSE 100 closed higher on Tuesday after the Bank of England eased rules for banks to encourage continued lending in the wake of Brexit.
San Francisco Fed chief: Brexit is not a big deal for the US
Respected economist and current president of the San Francisco Federal Reserve, John Williams, has played down the impact of Britain's decision to leave the European Union on the United States' economy, in an interview with Marketwatch.
Europe close: Most markets lower as Brexit fears resurface
European stocks fell on Tuesday as Brexit fallout reared its ugly head again, as investors digested the release of the Bank of England’s Financial Stability Report.
Sainsbury's to go ahead with Home Retail deal despite Brexit
Sainsbury’s will press ahead with its proposed acquisition of Argos’ owner Home Retail despite economic uncertainty surrounding Brexit.
Small caps news round-up
Satellite technology firm Global Invacom issued an update to its investors on Tuesday, over the potential ramifications of the UK leaving the EU. The AIM-traded firm said the UK’s impending departure from the EU, with negotiations expected to commence in the fourth quarter of the calendar year, has resulted in economic uncertainty.
Shore Capital reports mixed funds results
Shore Capital reported mixed results in some of its funds on Tuesday, updating the market on the performance of the funds managed by Shore Capital and group subsidiary Puma Investment Management to 31 May, other than those where monthly statistics are not available.
Ashley Madison parent company probed by US watchdog
The new bosses of website-for-cheaters Ashley Madison said its parent company, Avid Life Media, is being probed thoroughly by the US Federal Trade Commission.
Igas sheds little light on bonds transaction
British onshore hydrocarbon producer Igas was embroiled in a secretive exchange of issued bonds this week, but the company did little to explain the situation in an update to the market on Tuesday.
Sector movers: Defensives continue to lead, housebuilders crumble again
Defensive stocks again topped the leaderboards as investors continue their flight to safety in light of the heightened uncertainty born of the Brexit vote.
Job interviews could be about to be replaced
The days of the dreaded job interview could be over, according to online news outlet Quartz.
Yahoo investors could be put off by low bids
Potential offers for technology company Yahoo are reportedly due on Wednesday, but investors might be put off by the so-far low bids for the company.
Demand for Staffline remains strong despite Brexit
Staffline, which provides staffing services, said it has made excellent progress in the first half of this year even in the face of the UK’s recent vote to leave the European Union.
Global Invacom says Brexit not all bad for its business
Satellite technology firm Global Invacom issued an update to its investors on Tuesday, over the potential ramifications of the UK leaving the EU.