Market Report
Retail sales drop at fastest pace since financial crisis - CBI
Retail sales in the UK fell at their fastest pace since March 2009 in the year to June, with bad weather partly to blame, according to the latest data from the Confederation of British Industry.
Sainsbury's continues to underperform but sales decline eases - Kantar
Sainsbury's has seen its sales decline ease, according to the latest data from Kantar, but the retailer continues to underperform its rivals.
New Look losses widen but underlying performance improves
Full-year losses at New Look widened amid a "challenging" environment, but the struggling fashion retailer hailed a return to underlying profitability on Tuesday.
BigBlu Broadband earnings boosted by growing revenues and improved margins
Fast broadband services provider BigBlu saw improved revenues and margins boost underlying earnings in the six months ended 31 May.
Kingswood continues to explore funding options for £100m pipeline
Wealth management group Kingswood Holdings updated investors on its acquisition pipeline on Tuesday as it continues to explore opportunities to source additional funding to support its execution.
Cabot Energy updates investors on 'important year of transition'
Oil and gas company Cabot Energy's interim chairman James Dewar told investors at the group's annual general meeting on Tuesday that 2018 had been "an important year of transition", which included the appointment of a new management team and board, but noted that no new funding commitments had yet been secured.
Energean agrees transfer of pipeline infrastructure in Israel
Energean Oil and Gas has signed a detailed agreement with Israel Natural Gas Lines (INGL) for the transfer of title of the near-shore and onshore part of the infrastructure that will deliver gas from the Karish and Tanin floating production, storage and offloading (FPSO) facility into the Israeli national gas transmission grid.
Bagir CEO to stand down, former CFO to return
Tailoring outfit Bagir revealed on Tuesday that chief executive Ehran Itzhak would be standing down from the company on 15 July due to undisclosed personal reasons.
Ashley House may not meet market expectations amid 'uncertainties' at JV
Health and community care business Ashley House warned investors on Tuesday that "some uncertainties" remained regarding its final results, meaning that it might not meet market expectations.
Carpetright narrows losses, turnaround on track
Floor coverings retailer Carpetright reported a narrowing of its full-year losses on Tuesday as it said its turnaround is on track.
London open: Stocks drop as US imposes sanctions on Iran
London stocks fell in early trade on Tuesday as investors shunned risky assets after the US imposed sanctions on Iran.
Tuesday newspaper round-up: Tax cuts, Monzo, FirstGroup, climate change
Britain’s foremost tax and spending thinktank has said that Boris Johnson’s promise to cut taxes for millions of higher earners would cost £9bn and benefit the richest 10% of households in Britain most. The Institute for Fiscal Studies (IFS) said the proposal by the frontrunner in the Conservative leadership race was expensive and potentially incompatible with the Tories’ promise to end austerity and safely manage the public finances. – Guardian.
London pre-open: Stocks seen lower as US imposes sanctions on Iran
London stocks were set for a downbeat open on Tuesday after the US imposed sanctions on Iran.
Petrofac trading in line with guidance, Energean signs deal with Israel Natural Gas Lines
London open The FTSE 100 is expected to open 22 points lower on Tuesday, having closed up 0. 12% at 7,416. 69 on Monday.