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Osborne says current monetary policy benefits rich
Former chancellor of exchequer George Osborne has said in an interview with Bloomberg that the UK’s current monetary policy has benefited the rich and made the poor worse off.
US close: Stocks rebound on confidence upswing
US stocks gained ground on Tuesday as better data on services activity and outstanding consumer confidence numbers offset lower oil prices.
Commodities: Oil, precious metals drop
Saudi Arabia dashed hopes that producer countries would be able to reach an agreement to freeze output during their talks in Algiers.
StanChart facing scrutiny from DoJ over Indonesia, WSJ says
StanChart came under investigation from US authorities due to alleged misconduct on the part of management at the Indonesian power company controlled by the lender.
Europe close: Oil price slide dents stocks
European stocks finished the day on a mixed note as worries about Deutsche Bank and the broader banking sector as well as falling oil prices offset cheer about the outcome of the first US presidential debate, which saw Hillary Clinton come out on top versus rival Donald Trump.
Broker tips: Fresnillo, Mitie, Sky
Morgan Stanley upgraded its stance on silver miner Fresnillo to ‘equalweight’ from ‘underweight’ and lifted the price target to 1,620p from 1,520p, saying the risks are now more fairly priced.
Sector movers: Travel and utility stocks gain, oil drags
Defensive issues paced gains on Tuesday, with personal goods manufacturers and gas, water and multiutilities leading the pack.
German business chief claims Brexit will boost economy
Mathias Dopfner, chief executive of German publishing house Axel Springer, has said that Britain's vote to leave the European Union could provide a major boost to the economy within the next five years.
Small cap round up
Netcall, which provides customer engagement software, reported a fall in full year revenues as it gains more software as service contracts but maintained that it was trading in line with expectations. For the year ended 30 June, revenue fell slightly by 3. 4% to £16. 6m, compared to the previous year, due to a reduction in the MovieLine business and the growing software as a service contracts, but annualised core revenues rose by 9% to £10. 9m.
First shipment of US shale gas arrives in Scotland
The first shipment of US shale gas has arrived from Pennsylvania at Ineos’s Grangemouth plant in Scotland on Tuesday despite rising tensions about fracking.
London close: Stocks led lower by banks amid Deutsche Bank worries
London's top flight index closed in the red on Tuesday as oil prices slumped and worries over the future of Deutsche Bank weighed on the banking sector.
Trump criticises TV debate moderator Lester Holt
The moderator of Monday night's televised US presidential debate has been criticised by candidate Donald Trump of being harsher on him than his opponent Hillary Clinton.
CloudTag raises £0.68m through subscription and warrants
Wellbeing, fitness and digital health personal monitoring company CloudTag announced on Tuesday that, following an earlier announcement, it had fully subscribed its subscription, raising £550,000 through the issue of 3,548,388 new ordinary shares at a price of 15. 50p per share.
US open: Stocks rise after economic data beats forecasts
US stocks advanced on Tuesday after better-than-expected on services activity and consumer confidence.
NetScientific's portfolio companies making progress in H1
NetScientific, a healthcare company which commercialises intellectual property, reported a wider loss before tax in the first half the year while many of its core portfolio companies have made progress.
Directors dealings: Aberdeen's innovation chief picks up shares
Aberdeen Asset Management's non-executive director Julie Chakraverty picked up shares in the fund manager two weeks after the Financial Conduct Authority told the firm it must boost it regulatory capital from £335m to £475m.
Merlin Entertainments fined £5m for Alton Towers crash
The owner of Alton towers, Merlin Entertainments is being sentenced for the catastrophic roller-coaster crash in June that injured 16 people, two of which needed leg amputations.
German carmakers form telecoms group to develop autonomous driving
Three major German car manufacturers are teaming up with a group network equipment firms in order to advance their development of self-driving cars.
LPA Group projected to exceed market expectations
LED manufacturer LPA Group’s shares soared over 13% on Tuesday afternoon after the company said it was likely to exceed market expectations for the year, while the Brexit vote from the EU referendum had not affected its outlook.
GCM Resources puts press speculation to bed
London-based resource exploration and development company GCM Resources updated the market on Tuesday, after its press speculation announcement on 23 September.