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UK construction sector struggles as Brexit uncertainty mounts
The British construction sector lost momentum in September, as confidence faltered ahead of the UK’s departure from the European Union.
Theresa May offering new trade proposal to break Brexit deadlock
Theresa May is set to offer the EU a significant concession regarding the UK’s future relationship with the bloc in an attempt to unlock a Brexit deal.
Interserve sells scaffolding, industrial business for £3.6m
Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services business (IISL) to Enigma Industrial Services Holdings for £3. 6m in cash, but at a loss of £8. 4m.
Energy costs push euro area producer prices higher in August
A jump in energy costs and upwards revisions to prior months' data pushed factory gate prices in the single currency bloc past analysts' forecasts in August.
Gamma Communications broadens geographic footprint with Dean One acquisition
Gamma Communications announced on Tuesday that it will drop as much as €27. 2m to acquire growing Dutch telecom outfit Dean One.
Sirius Real Estate acquires business park in south-west Germany
Sirius Real Estate has acquired a business park in the northeast of Mannheim for a total of €9. 62m, reflecting an EPRA net initial yield of 6. 0%.
Ferguson FY profits rise on strong US performance as UK struggles
Ongoing full year trading profit at plumbing and heating products group Ferguson rose 14. 7% to $1. 5bn on the back of a strong US performance, although the company took a $122m impairment charge on its stake in Swiss Associate Meier Tobler Group.
US slams China's 'unsafe and unprofessional' conduct in disputed waters
The US and China have condemned each other over a naval confrontation in the South China Sea on Sunday, with tensions between the two countries showing the first signs of stretching beyond a trade war.
OnTheMarket traffic hits record high in September
OnTheMarket saw record traffic to its portal in September, continuing its meteoric growth, both online and on the ground, since its AIM flotation back in February.
Ryanair traffic rises in September despite more strikes
A day after issuing a profit warning, Ryanair put out September traffic figures on Tuesday showing an 11% increase, or up 6% excluding its Laudamotion, impacted by strikes as 400 flights were cancelled.
UK house prices remain stable apart from London, says Nationwide
UK house prices climbed slowly in September as properties in London continued to see their value decline, according to data released on Tuesday by mortgage lender Nationwide.
Europe open: Italian debt, euro retreat after Eurogroup gives thumbs-down to Rome's budget
European stocks have started the morning lower, weighed down by renewed concerns around Italy's sovereign debt pile and tracking sharp drops on most Asian bourses overnight on the back of geopolitical tensions between the US and China.
Tritax signs new £250m loan facility
Warehouse investment trust Tritax Big Box said it had agreed a new £250m 12-month senior, short-term, unsecured banking facility with a syndicate of lenders comprising Barclays Bank, Royal Bank of Scotland and Banco Santander.
National Grid agrees Massachusetts revenue increase
National Grid said a revenue increase agreed with Massachusetts public authorities supports its strategy of continuing ongoing investment across the US business.
Italian bonds drop as EU finance chiefs frown on Italian budget plans
Italy's longer-term financing costs rose to their highest since early 2014 on Tuesday after euro area finance chiefs gave the 'thumbs down' overnight to the country's budget targets for 2019 which had been unveiled just three days before.
Wizz Air Sept passenger numbers take off by 18%
Wizz Air on Tuesday reported a 17. 5% year-on-year rise in September passenger numbers to 3. 1m, while its load factor increased 1. 2% to 94. 1%.
London open: Stocks start on back foot despite pound's slide
London stocks started on the back foot on Tuesday, on the back of renewed tensions around Italy's debt pile and in the geopolitical space between the US and China.
London pre-open: Italian debt, China tensions in focus
Stocks are set for a lower start on the back of renewed tensions around Italy's debt pile and in the geopolitical space, between the US and China.
Energean hires 30-year veteran as new COO
Energean Oil & Gas has appointed 30-year oil and gas industry veteran Iman Hill as its new chief operating officer.
Tuesday newspaper round-up: Brexit, Sports Direct, Unilever, Google
Theresa May is preparing to limit Britain’s ability to strike free-trade deals after Brexit in a significant concession to the European Union aimed at breaking the deadlock in negotiations. The prime minister is ready to propose a “grand bargain”, according to her colleagues, which would keep Britain tied to European customs rules on goods after the transition period ends in December 2020. - The Times.