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Africa weakness dents PZ Cussons profit

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.

boris johnson, mayor, london
London pre-open: Stocks to rise as new PM set to be announced

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.

Paragon maintains full-year lending guidance, PZ Cussons sees profit drop

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.

Paragon Banking sees FY interest margin above 2.24%

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.

Tuesday newspaper round-up: Huawei, British Airways, Sports Direct, Inmarsat

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.

22 Jul
New York Stock Exchange, NYSE, markets, Wall Street, US. Photo: Grant Wickes
US close: Stocks close higher as rate cuts remain in focus

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.

22 Jul
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London close: Stocks finish positive as Brexit fears see sterling slip further

London stocks finished just above the waterline by the close on Monday, as the pound was dented by political woes.

22 Jul
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Monday broker round-up

Asos: JP Morgan downgrades to neutral with a target price of 3,800p.

22 Jul
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Next PM must 'act fast' to get UK economy on track, says CBI

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.

22 Jul
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Equifax to pay $600m settlement over data breach

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.

22 Jul
Audio electronics, electricals
Midwich trading in line as acquisitions develop

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.

22 Jul
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Broker tips: Asos, Tui

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.

22 Jul
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Europe close: Markets finish higher as Gulf crisis boosts oil plays

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.

22 Jul
London Stock Exchange AIM LSE shares
Director dealings: Globalworth founder ups stake

Globalworth Real Estate Investments revealed on Monday that chief executive Ioannis Papalekas had acquired 3m ordinary shares in the AIM-listed group.

22 Jul
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FTSE 250 movers: Ted Baker rallies; PPHE Hotel Group dips

London’s FTSE 250 was up 0. 21% at 19,662. 51 in afternoon trade on Monday, with Ted Baker pacing the gains.

22 Jul
boeing 737 max portada
Fitch downgrades Boeing outlook to 'negative' on 737 MAX concerns

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.

22 Jul
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CBI accuses Ofgem of not prioritising climate emergency

UK energy regulator Ofgem was on Monday accused by a leading business lobby group of failing include climate change when considering policy goals.

22 Jul
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Banks abandoning England's poorest areas

Banks have been closing branches in the poorest communities in England four times faster than in wealthy areas, according to research from Pockit.

22 Jul
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US open: Mixed start to trading ahead of earnings deluge

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.

22 Jul
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FTSE 100 movers: Tui travels higher on Stifel note; Whitbread under pressure

London's FTSE 100 was up 0. 1% at 7,512. 52 in afternoon trade on Monday.