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Serco appoints Tom Watson as North America boss
Serco said on Tuesday that it has appointed Tom Watson as chief executive officer of its North American division.
Canaccord slashes target price for 888 Holdings but stays at 'buy'
Analysts at Canaccord Genuity slashed their target price on bookmaker 888 Holdings from 690. 0p to 470. 0p on Tuesday following the group's acquisition of William Hill.
Heathrow imposes passenger cap
Heathrow has capped daily passenger numbers as it struggles to cope with the post-pandemic surge in demand.
Serica Energy rebuffs £1bn approach from Kistos
North Sea specialist Serica Energy has rejected a £1bn takeover approach from smaller rival Kistos, it was confirmed on Tuesday.
US pre-open: Futures trade lower amid ongoing fears regarding global economic growth
Wall Street futures were in the red before the bell on Tuesday as global economic growth concerns continued to weigh on sentiment ahead of a potentially rough earnings season.
London midday: Stocks stay down amid slowdown fears
London stocks were still in the red by midday on Tuesday as worries about a global slowdown continued to weigh on investors’ minds.
Europe midday: Stocks slightly lower as euro hits parity against US dollar
Stocks in Europe are holding lower amid continued market chatter around new Covid-19 cases in China and following the release of a softer-than-expected reading for economic confidence in Germany.
Bitcoin price focus on $20,000, "but $18,500 and $17,500 are more important"
Bitcoin succumbs to downward pressure in recent days as 'bears' regained momentum after the digital currency failed to consolidate above $22,000. It left a session low below $20,000 on Monday, which it extends on Tuesday to its worst swing in the past week, despite the efforts of whales and shrimp to keep the price afloat.
Asia report: Tech shares lead region-wide losses
Stocks were almost all weaker across the Asia-Pacific region on Tuesday, with Japan’s markets leading the losses, as investors closed their wallets amid fresh outbreaks of Covid-19 in Greater China.
Yellen says Forex intervention only warranted in 'rare circumstances' - WSJ
The head of the US Treasury Department showed reluctance to intervene in foreign exchange markets in support of the yen.
Berenberg lowers target price on LendInvest
Analysts at Berenberg lowered their target price on mortgage lender LendInvest from 275. 0p to 230. 0p on Tuesday, stating the group's outlook was "cloudy" despite a "strong" end to its 2022 trading year.
Europe open: Soft start for stocks amid Covid-19 concerns in China, weak German surveys
Stocks in Europe began the day on a weak note amid continued market chatter around new Covid-19 cases in China and after the release of a softer-than-expected reading for economic confidence in Germany.
Sosandar upbeat on 'strong' set of results
Fashion brand Sosandar reported an “exceptionally strong” set of final results on Tuesday, with revenue rising 142% year-on-year to £29. 5m.
German investor expectations slump amid worries about energy supply
German investor expectations slid in July amid worries about energy supply, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Petropavlovsk files for administration
Shares in Petropavlovsk were suspended on Tuesday after the indebted gold miner went into administration.
Wincanton trading in line despite macro headwinds
Supply chain specialist Wincanton said in a trading update on Tuesday that it was continuing to make “good” operational and strategic progress, and was trading in line with current market expectations despite wider economic headwinds.
Bens Creek names Murat Erden as CFO
Coal mine owner Bens Creek has tapped Murat Erden to take over as chief financial officer of the group, with immediate effect.
Restaurant Group buys Mexican chain Barburrito for £7m
Wagamama owner The Restaurant Group (TRG) said on Monday that it has bought Mexican restaurant chain Barburrito for £7m in cash.
RBC Capital downgrades British Land, Landsec, Hammerson
British Land, Landsec and Hammerson were all under the cosh on Tuesday after RBC Capital Markets downgraded its stance on the shares, as it took a look at the London office and UK retail property markets.
French government mulls cost of EDF nationalisation
The French government is considering spending potentially up to €10bn to take energy giant Electricite de France private, it was reported on Tuesday.