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London midday: FTSE rises as traders continue to mull Italy referendum
The FTSE 100 rose on Tuesday as the market continued to assess the implications of the Italian referendum and Prime Minister Matteo Renzi’s resignation.
IG and CMC face 'collateral damage' from stricter CFD rules, warn analysts
Although IG Group and CMC Markets are not the intended targets of a clampdown by the Financial Conduct Authority's stricter rules for firms selling contract for difference products, analysts warned they would be receive collateral damage to revenues.
Consort Medical posts good growth in first half
Single source drug and delivery device company Consort Medical announced its interim results for the six months to 31 October on Tuesday.
US pre-open: Stocks seen flat as investors eye data releases
US futures pointed to a muted open on Wall Street as investors paused for breath after the Dow notched up a new record closing high on Monday.
TP Group wins £1.5m contract with GE Oil & Gas
AIM-listed specialist services and engineering company TP Group has been awarded a contract valued at around £1. 5m by GE Oil & Gas within the nuclear sector.
Mark Fryer to take the finance reins at Augean
Specialist waste management business Augean announced the appointment of Mark Fryer to the board as group finance director on Tuesday, with effect from 14 December.
FCA proposes stricter rules for CFDs and binary bets, IG and CMC plunge
The UK financial regulator is planning to clamp down on the sale by spread betting companies of contracts for difference (CFD) and binary bet products to less experienced traders, including limiting leverage and preventing companies from attracting customers with special bonus introductory offers.
Playtech announces share buyback programme
Gaming software development company Playtech has announced a share buyback programme of up to €50m.
Eurozone third quarter GDP revised higher by Eurostat
The final reading of eurozone economic growth in the third quarter was unexpectedly revised higher on Tuesday, boosted by household and public sector spending.
Real Good Food warns earnings could fall short of market views
Diversified food business Real Good Food said its pre-tax loss widened in the six months to the end of September and warned there was a risk its year-end earnings before interest, tax, depreciation and amortisation could miss market expectations.
Utilitywise's new CFO to start in new year
Utilitywise, an AIM listed independent utility cost management consultancy, announced that Richard Laker will assume his appointment as chief financial officer (CFO) and director of the company on 1 January 2017.
Retail sales improve further in November, BRC survey finds
UK retail sales continued to improve in November, according to a survey published on Tuesday, with online taking a record quarter-chunk of the total as internet shopping proved a major factor in the Black Friday promotional week.
Morgan Stanley upgrades HSBC to 'equal weight'
Morgan Stanley upgraded HSBC to ‘equal weight’ from ‘underweight’ and raised its price target to 645p from 550p.
Peter Hill to chair Imagination Technologies
Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January.
Asia report: Most markets higher as Oz keeps rates steady
Markets in Asia managed a rebound on Tuesday, after a red start to the week, as the Reserve Bank of Australia kept rates in the sunburnt country on hold.
Bernard Cazeneuve replaces Manuel Valls as France's PM
Interior minister Bernard Cazeneuve was appointed Prime Minister of France on Tuesday, after his predecessor Manuel Valls resigned to bid for the presidency next year.
AstraZeneca's Tagrisso cuts lung cancer progression by 70%
AstraZeneca said on Tuesday that data from a Phase III trial of Tagrisso has shown the medicine is superior to standard chemotherapy for the treatment of lung cancer.
Better Capital to sell Walkabout bar chain for £39.5m
Private equity firm Better Capital is to sell its stake in the Walkabout bar chain to Stonegate Pub Company for £39. 5m.
Wolseley lifts first-quarter revenues despite weak UK and Nordics
Wolseley, a distributor of plumbing and heating products, reported a rise in first quarter revenue, including increased revenue from the US, but said the UK remained weak and the Nordics had deteriorated.
Goldman downgrades Tullow Oil to 'sell' from 'neutral'
Tullow Oil shares fell on Tuesday as Goldman Sachs downgraded the stock to ‘sell’ from ‘neutral’ and cut the target price to 221. 8p from 247. 2p.