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Credit Suisse sees value in UK Banks, Lloyds remains 'top pick'
Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
UK Finance Minister Sunak resigns in major blow to PM Johnson
UK Finance Minister Rishi Sunak resigned on Tuesday, along with Health Secretary Sajid Javid, as Prime Minister Boris Johnson found himself engulfed in yet another scandal over the behaviour of Conservative MPs.
US close: Stocks mixed as recession fears remain in focus
Wall Street stocks turned in a mixed performance on Tuesday as the US dollar rallied against the Euro and recession fears returned to the forefront of investors' minds.
Wednesday preview: Fed meeting minutes, US services PMI in focus
All eyes on Wednesday will be on the minutes of the US central bank's last policy meeting and any information that can be gleaned from them regarding the outlook for monetary policy.
Sector movers: Oil and Gas, Industrial Metals pace losses
Oil&Gas and Industrial Metals plummeted on Tuesday amid a downdraft on the wider FTSE 350, despite a large move lower in sterling.
Europe close: Stocks hit by recession worries, Oil and Gas names pace losses
European shares reeled on Wednesday, surrendering early gains as global recession worries supplanted the positive mood among investors early on thanks to reports that the US could ease tariffs on China.
London close: Stocks tumble as inflation, recession fears resurface
London stocks tumbled on Tuesday as worries about inflation and a global slowdown returned to rattle investors.
FTSE 250 movers: Moneysupermarket lifted by Liberum upgrade
London’s FTSE 250 was down 1. 4% at 18,337. 16 in afternoon trade on Tuesday.
British Airways to axe more flights
British Airways is to cancel a further 1,500 flights this summer as it battles the ongoing travel chaos plaguing the aviation sector.
Broker tips: 888, Dechra, Kitwave, Moneysupermarket
Analysts at Deutsche Bank resumed coverage on gambling giant 888 Holdings at 'buy' on Tuesday, branding it as the "king of the hill".
FTSE 100 movers: Miners under the cosh; Dechra boosted by upgrade
London’s FTSE 100 was down 2. 5% at 7,053. 33 in afternoon trade on Tuesday.
US open: Stocks head south amid ongoing recession worries
Wall Street stocks were firmly in the red early on Tuesday as the US dollar rallied against the Euro and recession fears returned to the forefront of investors' minds.
Royal Mail managers announce strike dates
Royal Mail managers are to start industrial action later this month in a row over jobs and pay, it was confirmed on Tuesday.
Director dealings: Nanosynth CEO makes share purchase
Nanosynth revealed on Tuesday that chief executive Mark Duffin had acquired 4. 16m ordinary shares in the AIM-listed technology group.
Fears of Europe energy shock could weigh on euro
The European single currency may remain weak in the near-term due to concerns about soaring energy prices in Europe.
European natural gas prices spike as Equinor workers strike
European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.
SAS files for bankruptcy protection in US
Scandinavian carrier SAS has filed for bankruptcy protection in the US after a pilots strike grounded its planes.
Berenberg still in 'sell the rally mode', recommends stagflation hedge strategy
Equity strategists at Berenberg recommended investors stick with a stagflation hedge strategy.
Liberum upgrades Moneysupermarket to 'buy'
Liberum upgraded Moneysupermarket on Tuesday as it took a look at online platforms.
How will EU's MiCA regulation affect Bitcoin and cryptos?
Companies offering cryptoasset-related services happily welcomed the news that the three institutional bodies of the European Union (EU), the European Parliament, Commission and Council reached an agreement on the text of the proposed cryptocurrency market regulation. The landmark cryptoasset markets legislation (MiCA) will introduce licensing of cryptocurrency companies and safeguards for their customers and the industry has been favorable to the measure which, however, contains controversial points for users such as the taxation of self-hosted wallets.