Imperial Leather maker PZ Cussons posted a drop in full-year profit on Tuesday as solid performances in Asia Pacific, Europe and the Americas were offset by weakness in Africa.
London stocks were set to rise at the open on Tuesday, with sterling still under pressure as investors awaited the results of the Tory leadership contest.
London open The FTSE 100 is expected to open 31 points higher on Tuesday, having closed up 0. 08% at 7,514. 93 on Monday.
Buy-to-let mortgage specialist Paragon Banking on Tuesday maintained full year lending guidance, adding that it expected its net interest margin for 2019 to be above the 2. 24% reported at the half-year results. Paragon reported a net interest margin of 2. 19% in 2018.
Huawei equipment will continue to be used in the UK’s 5G mobile networks for now after the government delayed a decision on whether it should be restricted or banned over concerns that the Chinese government could use it to spy on countries. Jeremy Wright, the culture secretary, said the UK had no choice because it is still gauging the impact of US sanctions on Huawei. – Guardian.
Wall Street stocks closed higher on Monday, with attention remaining focused on the Federal Reserve as hopes of a 50 basis point cut to interest rates began to fade.
London stocks finished just above the waterline by the close on Monday, as the pound was dented by political woes.
Asos: JP Morgan downgrades to neutral with a target price of 3,800p.
The Confederation of British Industry has urged the next Prime Minister to "act fast" to get the stalled economy back on the path of growth in a business manifesto released on Monday.
Credit reporting giant Equifax has been fined $600m by New York Attorney General Letitia James on Monday, in what is the largest ever settlement over a data breach.
Midwich Group reported that its revenues and margins grew in the first half of the year after recent acquisitions made strong contributions on Monday, though its full-year expectations remained unchanged.
Analysts at JP Morgan Cazenove downgraded shares of fashion retailer Asos to 'neutral' from 'overweight' on Monday following the group's profit warning last week.
European markets finished in positive territory on Monday, as the Gulf crisis provided a boost for oil producers although investors were still keeping a wary eye on the European Central Bank meeting later in the week.
Globalworth Real Estate Investments revealed on Monday that chief executive Ioannis Papalekas had acquired 3m ordinary shares in the AIM-listed group.
London’s FTSE 250 was up 0. 21% at 19,662. 51 in afternoon trade on Monday, with Ted Baker pacing the gains.
Fitch downgraded its outlook on Boeing to 'negative' from 'stable' on Monday, citing regulatory uncertainty over when the plane maker's best-selling 737 MAX jets will return to service.
UK energy regulator Ofgem was on Monday accused by a leading business lobby group of failing include climate change when considering policy goals.
Banks have been closing branches in the poorest communities in England four times faster than in wealthy areas, according to research from Pockit.
Wall Street trading got off to a mixed start on Monday, with attention remaining focused on the Federal Reserve as hopes of a 50 basis point cut to interest rates began to fade.
London's FTSE 100 was up 0. 1% at 7,512. 52 in afternoon trade on Monday.