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Corbyn to face Eagle, Smith in Labour leadership fight
The UK Labour Party has ruled that leader Jeremy Corbyn will be able to stand in a leadership contest against former shadow Cabinet members Angela Eagle and Owen Smith without having to secure any nominations.
US close: Stocks end in the black; Dow and S&P 500 hit fresh records
US stocks ended in the black on Tuesday as oil prices advanced and investors welcomed signs of further central bank stimulus, following better-than-expected earnings from industrial bellwether Alcoa.
Arria NLG secures two new pilot programmes
Arria Natural Language Generation (NLG) announced on Tuesday it secured two paid pilot programmes from within the financial services industry for its NLG software technology.
Sanders endorses Clinton after long battle for Democratic presidential nomination
Bernie Sanders has finally endorsed Hillary Clinton for the US Democratic presidential nomination after appearing with his former rival on Tuesday in a high school gym in Portsmouth, New Hampshire.
London close: FTSE down, pound up as May set to become Prime Minister
The FTSE 100 closed slightly lower on Tuesday as the pound rallied on news Theresa May is set to be the new Prime Minister.
Europe close: Stocks rise for fourth session in a row on stimulus hopes, UK stability
European stocks closed higher on Tuesday, making it four successive rises amid growing expectations of central bank stimulus and following the removal of political uncertainty in the UK.
US small business optimism rises more than expected in June
The small business optimism index has risen by 0. 7 points in June, according to The National Federation of independent business (NFIB), however a fall in employment, inventories and expansion have made this increase negligible.
Jamie Dimon planning to tackle income equality at JP Morgan & Co.
Chief Executive of JP Morgan & Co. Jamie Dimon said on Tuesday that he plans to raise the wages of the investment bank's employees, in order to address wage stagnation and income inequality.
May plans top team as she prepares to take over from Cameron
Theresa May was planning her Cabinet top team as she prepared to take over as the UK's prime minister from the departing David Cameron on Wednesday.
Small caps news round-up
Somero Enterprises said on Tuesday that its full-year results are likely to be slightly ahead of market views thanks in part to a strong performance in June. The company, which manufactures technologically-advanced concrete placing equipment, said trading in June was much stronger than in May and the same month last year thanks to solid activity in North America.
Results round-up
Recruitment specialist PageGroup said the uncertainty in the lead up to the Brexit vote had led to a decline in second quarter UK profits, although the group's gross profits were up 3. 7% on constant currency rates to £156. 9m.
Bonds: Gilts edge higher amid stimulus
Gilts retreated slightly at the start of the week, but not before an initial surge that sent their yields to fresh record-lows on an intraday basis at 0. 71%.
Deloitte: Robots to replace a quarter of business service workers by 2035
Deloitte has predicted that as much as a quarter of jobs in the business services sector may be replaced by robots within the next 20 years.
Broker tips: Vodafone, ITV, Rathbone Brothers
Vodafone was under the cosh on Tuesday after Citi downgraded the stock to ‘neutral’ from ‘buy’ but raised the target price to 245p from 240p.
US open: Stocks gain on oil price rebound, earnings season
US stocks gained on Tuesday as oil prices rebounded and Alcoa kicked off the new earnings season with better-than-expected second quarter results.
Citigroup stock climbs after Venezuelan account closures
Stock of Citigroup rose in premarket trading on Tuesday after the company announced it would be withdrawing foreign accounts in the South American region of Venezuela.
Director dealings: St Modwen scion Clarke places hefty bet
Simon Clarke on Tuesday became the third director of St Modwen Properties to buy shares as Brexit worries about the property sector sent the regeneration specialist's shares to their lowest level in three and half years.
Nintendo's Pokemon success suggests 30,000 yen target price, says Jefferies
Broker Jefferies reiterated its 'buy' rating on Nintendo even after the company's shares leapt 36% over two days on the back of excitement around the roll-out of the Pokémon Go smartphone game.
Oracle rises on back of BMO Capital upgrade
Cloud application provider Oracle's stock climbed higher on Tuesday after receiving an upgrade from BMO Capital.
Somero Enterprises FY to be slightly ahead of views
Somero Enterprises said on Tuesday that its full-year results are likely to be slightly ahead of market views thanks in part to a strong performance in June.