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Khan calls for Southern Rail to be taken from Go-Ahead's Govia
Mayor of London Sadiq Khan has called for the Southern Rail franchise to be withdrawn from train company Go-Ahead Group after months of delays and cancellations.
Boeing And Airbus locked in SpiceJet battle
Airplane manufacturers Boeing and Airbus are competing for a contract with revived Indian airline SpiceJet Ltd. for as many as 100 planes.
Defenx Cloud Backup to be offered by two Italian firms
Mobile security software firm Defenx said its cloud backup system had been chosen by two Italian firms.
BoE likely to cut rates by at least 25 bps, says BofA Merrill Lynch
The Bank of England is likely to cut interest rates by at least 25 basis points on Thursday, according to Bank of America Merrill Lynch, which said the BoE has nothing to gain by waiting.
London midday: FTSE flat as traders await BoE's interest rate decision
The FTSE 100 was flat at midday on Tuesday as investors looked ahead to the Bank of England’s policy meeting later in the week.
Vodafone shares fall on Citi downgrade
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.
Second annual Amazon Prime Day garners big hopes for ecommerce giant
Amazon launched its second annual Prime Day on Tuesday, hoping to boost sales and members with thousands of deals and discounts, with the sale beginning at midnight BST.
Asian shares gain on stimulus hopes
Asian shares rose on Tuesday and the yen tumbled as investors welcomed Japanese Prime Minister Shinzo Abe’s call for further monetary stimulus.
NewRiver Retail confident of withstanding Brexit worries
Property trust NewRiver Retail said it was well placed to withstand any market uncertainties post Brexit as it reported assets under management of £1. 2bn in the first quarter, compared with £1. 1bn for the same period last year.
Metal Tiger founder to take over as Kolar Gold CEO
Metal Tiger founder Cameron Parry is taking over the reins at Kolar Gold as the miner also announced it would spend £0. 2m on a 9. 4% stake in the India-based outfit.
UBS upgrades ITV after 18% share price drop
UBS upgraded broadcaster ITV to ‘neutral’ from ‘sell’ following an 18% share price fall, despite macroeconomic uncertainty and operational headwinds, noting that fundamental downside was limited.
German inflation picks up in line with forecasts in June
German inflation improved in line with forecasts in June but remained well below the European Central Bank’s target of just below 2%, official data showed on Tuesday.
General Motors will fight for equipment from bankrupt supplier
General Motors Co. is making a case for acquiring equipment from an auto parts supplier, whose bankruptcy claims have threatened 19 GM assembly plants in a contract dispute.
Newly-listed Hotel Chocolat reports 12% rise in full-year sales
Hotel Chocolat, which listed on AIM in May, posted a 12% increase in full-year revenue, which was slightly ahead of market expectations.
HSBC escaped US money laundering charges amid financial disaster fears
HSBC escaped prosecution from US officials in 2012, after accusations of money laundering led to fears that the bank's failure could lead to a "global financial disaster", according to a report published on Monday.
UK retail sales slide in June as clothing drags
UK retail sales growth slowed to just 0. 2% in June, with like-for-like sales dropping 0. 5% compared to the same month last year, according to the retail sales monitor survey from the British Retail Consortium and KPMG.
Europe open: Stocks rise as investors welcome removal of UK political uncertainty
European stocks rose in early trade as investors continued to welcome the removal of political uncertainty in the UK.
London open: FTSE relief rally continues but Carney comments eyed
London stocks continued to creep higher on Tuesday morning as an unexpected outbreak of political certainty boosted sentiment, helped by a record high on Wall Street overnight and another positive session in Asia.
ASOS reports 30% rise in retail sales
Online fashion retailer ASOS reported a 30% rise in total sales for the four months to 30 June and said it expects full-year sales growth to be at the upper end of the 20-25% range.
Redefine makes good progress on Aegon UK portfolio
Redefine International, the self-described “opportunistic income focused” real estate investment trust, said it had made good progress ahead of initial expectations on asset management initiatives on its recently acquired Aegon UK portfolio (AUK).