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Taxes to reach highest level for 30 years, according to thinktank IFS
UK taxes will reach a 30-year high and austerity measures are likely to continue into the next decade, according to a new report from thinktank the Institute of Fiscal Studies.
Hike in Bank Rate could soon be justified, BoE's Forbes says
Bank Rate should be raised if the real economy remains "solid" and the pickup in the nominal economic data continued, a Bank of England rate-setter said.
Premaitha Health builds customer base in Southern Europe
Non-invasive prenatal screening system developer Premaitha Health announced a number of new customers through its distribution network in Southern Europe on Tuesday.
Results round-up
Fourth-quarter profit from BP fell short of target and the oil colossus said cash flow will not increase in 2017 as it hikes its level of disposals and capital expenditure to return the business to growth in the medium term.
Pound slumps on dollar strength, retail sales data
The pound lost ground on Tuesday, with the dollar boosted by growing expectations that the Federal Reserve will hike interest rates sooner than anticipated, as disappointing UK retail sales figures and Brexit concerns also weighed.
FTSE 100 movers: DCC rallies but BP gushes lower on earnings
London’s FTSE 100 was up 0. 7% to 7,220. 71 in afternoon trade as the pound slumped against the dollar.
Tuesday broker round-up
Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p.
Asa Resource mine earns significant Zimbabwe export incentive
Asa Resource Group announced on Tuesday that Freda Rebecca Gold Mine, in which it holds an 85% interest, has received export incentive credits and a Top Producer award.
US international trade shortfall dips in December
America's trade shortfall with the rest of the world narrowed a tad in December as goods exports picked up, with economists projecting the drag on gross domestic product in the fourth quarter was set to ease at the start of 2017.
OMG says Yotta launches new asset-management platform Alloy
Shares in OMG are down about half a percent after it said Yotta has launched a new connected asset management platform known as Alloy.
Sound Energy says drilling rig to arrive at Tendrara TE-8 soon
Shares in Sound Energy are up more than 1% on stating ground works at the Tendrara TE-8 well site, onshore Morocco, are now complete and that the National 110 UE drilling rig will soon be on site.
House builders' shares up after UK housing market white paper
Shares in UK home builders are up on Tuesday after the issue of the government's much-anticipated strategy for the country's 'broken' house market.
St Modwen Properties hikes FY dividend as FY pre-tax profit falls
St Modwen Properties' shares are up more than 2% as it posted a lower full-year pre-tax profit -- mostly due to external market factors and valuation gains in 2015 -- and hiked its total dividend.
Wednesday preview: Rio Tinto set to report rise in full year earnings
Rio Tinto is expected to report on Wednesday a 7% increase in underlying profit in 2016, boosted by a recovery in commodity prices.
Former French president Sarkozy to stand trial for fraudulent campaign financing
Nikolas Sarkozy, the former President of France, must face a court hearing related to accusations of illegal campaign spending in 2012.
China capital outflows slow in January, international reserves dip
China's foreign exchange reserves broke below the $3. 0trn mark at the start of 2017 but analysts were confident Asia's largest continued to enjoy more than enough firepower to avoid any undue volatility in its currency.
TechFinancials warns on profits as largest client leaves
Although it lifted profit guidance for last year, TechFinancials Inc has suspended its dividend as it warned that 2017 earnings would be hit as its largest software licensee Richfield Capital plans to leave.
DX Group crashes on warning of 'significantly' lower profits
Shares in DX Group tanked on Tuesday as the parcel delivery company warned profit for the 2017 financial year will be “significantly” below expectations and ruled out paying dividends for the foreseeable future due to continuing “challenging” trading conditions.
Scisys wins Mars rover software contract
Scisys has won a €3. 7m contract from Thales to help design software for the Mars rover vehicle as part of the European Space Agency's 2020 scientific mission.
Walker Greenback to meet expectations despite flood setback
Luxury interior furnishings group Walker Greenbank posted a trading update for the year to 31 January on Tuesday, saying the results were expected to be in line with the board's expectations.