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Lloyds plans to cut 49 branches, 1,230 jobs in new strategic review
Lloyds Banking Group implemented its latest strategic review on Tuesday by announcing its plans to remove around 1,230 jobs across eight business divisions while simultaneously creating roughly 925 new roles.
Canaccord touts Ashmore after quarterly update smashes projections
Analysts at Canaccord Genuity reiterated their ‘buy’ rating of emerging markets investment manager Ashmore Group on Tuesday, citing strong net inflows from company's third quarter and increased momentum going forward.
FTSE 250 movers: JD Sports, Ashmore rally on results
London's FTSE 250 was up 0. 3% to 19,836. 70 in afternoon trade on Tuesday, as investors digested the latest round of UK jobs data.
US open: Netflix leads the way as stocks go green at the bell
Wall Street trading started on a positive note on Tuesday as investors eyed the latest numbers from investment banking behemoth Goldman Sachs and a blowout earnings beat from Netflix.
US industrial production edges past forecasts in March
Higher demand for heating buoyed industrial production in the States during March, boosting utilities output as temperatures slipped from the record highs experienced during the month before.
Informa, UBM shareholders approve deal
Informa's £3. 9bn offer for B2B events organiser UBM has been approved by the shareholders of both companies.
ImmuPharma tanks after disappointment with lupus study
A recent Phase III study undertaken by drug discovery and development company ImmuPharma demonstrated a superior response rate from its lupus compound, Lupuzor, but, due to a high response rate in the placebo group, the group's superior response was unable to allow statistical significance to be reached and the trial's primary endpoint was not met.
Operating profit surges in first half at APC Technology
Specialist electronic components and systems provider APC Technology Group issued its unaudited interim results for the six months ended 28 February on Tuesday, with operating profit before exceptional items rising 45% to £0. 55m over the same period last year.
Mercia Technologies chief investment officer steps down
Mercia Technologies' chief investment officer, Matthew Mead, has stepped down with immediate effect to pursue a portfolio advisory career, with current head of technology investments, Julian Viggars, promoted to the role.
FTSE 100 movers: ABF and retailers lead gains, Reckitt ralphs
Retailers led the FTSE 100 index higher on Tuesday as the squeeze on household real incomes was shown to be easing.
Netflix 'inflexion' may be on the cards, suggests RBC Capital
RBC Capital Markets jumped on the back of Netflix's "very strong" numbers overnight to shout about a potential "iNFLeXion!" in the business as the online TV company grows subscribers and sees operating margins climb.
Sunrise Resources shares jump as exploration heats up at Nevada project
Sunrise Resources’ shares were boosted on Tuesday after ongoing exploration at the project in Junction, Nevada, in which the company has an interest, confirmed down-dip potential of copper-silver veins.
Goldman Sachs first-quarter profit jumps on trading rebound
Goldman Sachs’s first-quarter earnings surged 27% as the US investment bank’s trading business rebounded in response to increased market volatility.
UK and US authorities accuse Russia of hacking millions of computers
British and American intelligence agencies issued an unprecedented joint warning on Monday, alerting citizens of both nations that a Russian led hacking offensive was targeting millions of computers across the globe in order to spy on governments and pave the way for an attack on critical infrastructure operators.
Tertiary reports positive progress on Sweden fluorspar project
Fluorspar-focussed firm Tertiary Minerals updated the market on the exploitation mine permit re-assessment for its Storuman fluorspar project in Sweden on Tuesday, reporting that recent positive meetings had been held between the head of the Swedish Mining Inspectorate, the county administrative board of Västerbotten, and Tertiary.
Netflix impresses with first-quarter subscriber growth
First-quarter results from online streaming company Netflix impressed analysts with revenues and earnings, sending the stock higher in after-hours trading.
RBS says pension settlement eases path to dividend payments
Royal Bank of Scotland has reached a settlement to fund its pension scheme that the bank said could pave the way for it to restart paying dividends to shareholders.
US housing starts rise more than expected in March
US housing starts rose more than expected in March, according to data released by the Commerce Department on Tuesday.
US and UK impose blocks on China's ZTE
The UK and the US have made moves against one of the largest telecommunications equipment makers in China, adding the firm to an ever-expanding list of companies facing restrictions put in place by western nations over national security fears.
AA parks annual profit in line after troubled period, contests ex-chair's claims
The AA reported annual profit in line with depressed expectations after a boardroom bust-up at the motoring services company exposed problems that caused it to drop out of the FTSE 350 rankings.