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UK regulator approves BBVA purchase of Sabadell's TSB
The UK's Prudential Regulation Authority has green-lighted Spanish bank BBVA to take indirect control of Sabadell's British subsidiary TSB, BBVA said on Tuesday.
London pre-open: Stocks seen up as investors mull retail sales
London stocks were set to edge up at the open on Tuesday following a negative close in the previous session, as investors mulled the latest retail sales figures.
DS Smith trading in line with management's expectations
Packaging firm DS Smith said on Tuesday that overall trading for the current financial year was in line with management’s expectations.
Watches of Switzerland trading on track, Ashtead reports rise in first-half revenue
London open The FTSE 100 is expected to open four points higher on Tuesday, having closed down 0. 15% on Monday at 8,363. 84.
Wizz Air passenger numbers hit record in Aug despite groundings
Hungary-based budget carrier Wizz Air reported a 1% rise in passenger numbers in August – setting a new record - although capacity fell due to continued groundings of aircraft using Pratt & Whitney’s GTF engines.
Tuesday newspaper round-up: Electric cars, Manchester, Mountain Warehouse
Campaigners have called on the chancellor to introduce a controversial pay-per-mile road charging scheme on electric cars, warning of a £5bn “black hole” in tax revenues from motoring. In a letter to Rachel Reeves, the Campaign for Better Transport (CBT) urged her to reform vehicle taxes, with fuel duty poised to dwindle in the coming decade as petrol and diesel cars are phased out. – Guardian.
Watches of Switzerland on track to meet FY guidance
Luxury timepiece seller Watches of Switzerland said it was on track to meet annual guidance after trading for the first 18 weeks of the financial year had been in line with expectations.
Sector movers: Defence shares drag on market amid investor caution
The FTSE 350 started the month of September on a down note with Defence issues weakest as analysts acted on the sector's lofty valuation.