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Bank of England says EU regulators not ready for no-deal Brexit
The Bank of England believes the UK’s financial system can withstand a no-deal Brexit, but that banks and firms in Europe are less-well prepared – which in turn could hurt Britain.
Raiffeisen, Dutch lenders caught up in allegations of laundering Russian money
Shares of various European lenders came under selling pressure following allegations that they may have been caught up in or actively participated in helping to launder illicit monies from Russian clients.
Watkin Jones secures Woking build-to-rent site
Watkin Jones on Tuesday confirmed it has acquired a development site in Woking town centre from McKay Securities with capacity for approximately 350 build-to-rent apartments on a subject to planning basis.
Independent Oil & Gas rejects £26.6m offer from RockRose Energy
RockRose Energy has made a formal approach to buy Independent Oil and Gas for £26. 6m, just days after agreeing to buy Marathon Oil's UK assets in a $140m deal.
Asia report: Markets mixed as China cuts growth rate forecasts
Markets in Asia finished in a mixed state on Tuesday, although Chinese bourses were in the green even after officials in Beijing cut their growth targets for the world’s second-largest economy.
Grocers don't benefit as shoppers stockpile food for no-deal Brexit
One in ten shoppers claim to have started stockpiling food to prepare for a no deal Brexit, according to the latest industry data, while Sainsbury’s sales continued to fall.
GoCompare gets a boost as chairman lifts stake
Comparison website GoCompare rallied on Tuesday after chairman Peter Wood - the founder of Direct Line, Esure and Sheila's Wheels - snapped up nearly 17. 8m shares in the company, lifting his total holding to 29. 9% from 25. 6%.
US pre-open: Stocks seen muted as China downgrades growth target
US stocks looked set for a muted open on Tuesday as investors continued to monitor any developments in Sino-US trade relations, after China downgraded its economic growth target for this year.
Northgate on track to deliver full-year targets
Van rental firm Northgate said it was on course to meet full-year guidance after trading motored ahead during its crucial third quarter.
Swallowfield's wings clipped after higher costs send profits lower
Swallowfield's shares swooped lower on Tuesday after a decrease in the personal care and beauty products outfit's profits due to higher raw material costs and commercial and administrative fees, along with retail pressures.
Macron calls for EU 'renaissance' to fight populism in upcoming vote
French President Emmanuel Macron has laid out proposals for a more united European Union and called for a “renaissance” in the bloc as he tries to fight off the rising populist threat in the upcoming elections to the European parliament.
Walker Greenbank names Lisa Montague as CEO
Luxury furnishings outfit Walker Greenbank named Lisa Montague as its new chief executive officer on Tuesday, completing the reshaping of its board.
DX narrows losses as turnaround strategy begins to bear fruit
Logistics group DX narrowed pre-tax losses by more than half in the first six months of its trading year, driven by a slight increase in revenues and a series of benefits stemming from its turnaround strategy.
China cuts 2019 GDP growth target as services growth falls to 4-month low
Beijing cut its economic growth target for this year and unveiled tax cuts and infrastructure spending to boost growth, as it emerged on Tuesday that growth in China's services sector eased to a four-month low in February.
London midday: Stocks maintain modest gains as investors mull services data
London stocks were still moderately higher by midday on Tuesday, helped along by strong performances from the likes of Vodafone and GVC as investors mulled the latest reading on the UK services sector and a downgrade of China's economic growth target for this year.
BBA Aviation falls short of 'lazy' estimates for full-year profit
Shares of BBA Aviation fell despite the company posting better-than-expected operating profits, although management did not provide any update on the anticipated sale of its Engine Repair and Overhaul unit, while net debt printed above some analysts' estimates.
EU 'reasonably positive' over Brexit backstop - Hunt
Jeremy Hunt has said there were ‘reasonably positive’ signals coming from Europe regarding possible changes to Theresa May’s Brexit deal.
CareTech performing in line with forecasts
Specialist social care and education services provider CareTech Holdings was performing in line with expectations in the year so far, shareholders were told on Tuesday.
Apax Global sees off global volatility to report improved NAV
Apax Global Alpha reported a 7% rise in total net asset return last year, as a solid performance in private equity helped offset volatile global equity markets.