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Cabinet reshuffle: Gove, Morgan, Whittingdale, Letwin sacked
A handful of ministers were sacked from the Conservative government on Thursday as new Prime Minister Theresa May continued to form her cabinet.
City happy as Chancellor Hammond dismisses emergency Brexit budget
Philip Hammond was appointed Chancellor of the Exchequer by new Prime Minister Theresa May overnight and was warmly welcomed by the City as he said there will be no emergency 'Brexit budget'.
US close: Markets finish at record levels as BoE stands pat
Equities in the United States closed at new record levels on Thursday, after the Bank of England hinted at a loosening of monetary policy in August, and as the markets were in the thick of the new earnings season.
Bank of America predicts mild recession due to drawn-out EU negotiations
Uncertainty over future trading relationships between the UK and EU post Brexit increases the likelihood of a mild UK recession, according to a report by a Bank of America.
SocGen still bearish on cable, recommends staying away from banks
Brexit drove an exodus of money from UK funds, a top broker said.
Week ahead: BoE in focus
The Bank of England's policy meeting on Thursday will focus markets' attention.
French Minister accuses UK of stalling on Brexit plan
A French Minister on Thursday accused Britain of stalling on its plan to leave the European Union as it wanted to negotiate agreements with individual states on a bilateral level.
Cabinet reshuffle: May appoints women to prominent positions but not by much
In her first cabinet reshuffle, Britain’s second woman prime minister Theresa May reorganised Whitehall departments and promoted women to prominent positions in government, but did not increase the number significantly.
Minoan reports wider H1 pre-tax loss, cautious about Brexit
Minoan, a resort developer and travel agency, reported a wider half year pre-tax loss as its revenue grew and said it was cautious about Brexit.
Europe close: Gains in stocks continue
Investors were caught by surprise on Thursday as the Bank of England decided to leave interest rates unchanged despite concerns about the potential fallout from Brexit.
Small caps news round-up
Veterinary medicine supplier Animalcare said full year revenues rose by 8. 6% to £14. 70m and underlying operating profits were expected to be broadly in line with last year, exceeding market expectations. Revenue from sales of the Licensed Veterinary Medicines group was up 7. 7% to £9. 24m, with growth driven by full year sales of new distribution products launched late in the prior period, Animalcare said.
Bayer raises bid for Monsanto
German chemicals giant Bayer raised its bid for US rival Monsanto against a backdrop of intense negotiating activity between companies in the sector.
Animalcare profits to beat expectations as revenues rise
Veterinary medicine supplier Animalcare said full year revenues rose by 8. 6% to £14. 70m and underlying operating profits were expected to be broadly in line with last year, exceeding market expectations.
London close: Stocks fall as BoE leaves interest rates unchanged
London stocks finished slightly lower on Thursday after the Bank of England surprised the market with its decision to keep interest rates unchanged.
Fed's Lockhart sees little near-term impact from Brexit, but argues for patience
It would be best for the US central bank to excercise patience and wait until matters were clearer before acting on monetary policy following the UK's decision to leave the European Union, a top official from the Federal Reserve said.
London set to ban vehicles from Oxford Street
Oxford Street is set to become a vehicle-free zone as part of London mayor Sadiq Khan's new plans to reduce pollution in the capital.
Dart Group 'disappointed' with Brexit vote as FY profits soar
Leisure travel and logistics group Dart Group said it was “disappointed” with the UK decision to leave the European Union as it more than doubled full year pre-tax profits to £104. 2m from £57. 2m.
Director dealings: LXB director buying spree continues
LXB Retail Properties director John Irvine has bought £0. 54m worth of the property investor's shares to add to his pension fund.
Consumer Reports urges Tesla to drop autosteering feature
An influential US magazine has urged Tesla to reconsider its use of automatic steering as part of its new Autopilot self-driving system, after an investigation into a fatal crash involving the car's new technology.
Cyan Holdings, Enzen in Irish collaboration
AIM-listed Cyan Holdings said it has signed a strategic partnership agreement with Enzen Global to collaborate to deliver expertise in narrowband mesh technology to the Internet of Things (IoT) market in Ireland.