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Arcadia rescue faces US legal challenge
Philip Green’s plan to rescue his troubled Arcadia group from administration is facing a challenge from US property company Vornado, according to court papers filed in the UK.
Europe close: Stocks brush off global trade and Brexit concerns as euro dips
Stocks rose across the Continent even as a key survey of investor confidence highlighted the ongoing concerns around the US-China trade spat and Brexit and the acting chief of the International Monetary Fund sounded a word of caution on the global economic outlook - all thanks to a weaker euro.
London close: Footsie higher as Brexit worries weigh on Sterling
London stocks had pushed into the green by the end of trading on Tuesday, as sterling slumped on Brexit woes, despite the release of solid UK jobs data.
US open: Mixed start to trading as key earnings continue to roll in
Wall Street trading began on a mixed note on Tuesday following some key second-quarter bank earnings.
Broker tips: Lloyds, ITV, Aston Martin
JPMorgan Cazenove has downgraded Lloyds Banking Group, warning that Brexit is weighing on the wider UK banking sector.
Jefferies remains 'on the sideline' with Aston Martin, upgrades to 'hold'
Analysts at Jefferies upgraded shares of iconic British car manufacturer Aston Martin Lagonda from 'underperform' to 'hold' on Tuesday, but said they were still "hoping for more" from the firm.
FTSE 250 movers: Aston Martin drives higher, AG Barr spills lower
London’s FTSE 250 was up 0. 18% at 19,619. 45 in afternoon trade on Tuesday, with Aston Martin Lagonda driving the index higher.
Director dealings: CGT chairman snaps up shares
Capital Gearing Trust revealed on Tuesday that chairman Graham Meek had acquired 1,250 ordinary shares in the London-listed investment vehicle.
IMF's Lipton warns of particularly slow global trade growth
A top International Monetary Fund official warned central banks that they should stand ready to help should economic growth slow even more rapidly.
JP Morgan Chase beats expectations
JP Morgan Chase beat analysts' expectations with its latest quarterly earnings, helped by an income tax benefit that boosted its results by $768m.
FTSE 100 movers: Burberry rallies on update; Experian drops
London's FTSE 100 was up 0. 8% at 7,589. 26 in afternoon trade on Tuesday as the pound took a beating amid Brexit woes.
Big Sofa Technologies secures agreement with another US firm
Big Sofa Technologies announced a further service agreement with an unnamed global technology company based on the west coast of the United States for its proprietary, video-based collaboration system, along with an initial commission under that service agreement.
WANdisco partners with analytics firm Databricks
Live data provider WANdisco announced a partnership with unified analytics firm Databricks on Tuesday, in a bid to “accelerate and dramatically simplify” the migration of on-premises Hadoop analytics workloads to Azure Databricks.
US housebuilder sentiment improves a touch - NAHB
Sentiment among US housebuilders improved a touch in July, according to data released on Tuesday.
European Metals gets EUR 2m finance facility from suitor CEZ Group
European Metals Holdings announced on Tuesday that CEZ Group - one of central and eastern Europe's largest power utilities - has conditionally agreed to provide a €2m finance facility by way of a convertible loan.
US industrial production flat in June despite jump in auto output
Levels of industrial activity in the US were unchanged last month, despite a sharp jump in auto production, held back in part by a large in drop in utilities' output.
Armadale Capital reports solid progress at Mahenge Liandu
Natural resources investment company Armadale Capital announced further confirmation that commercialisation plans for the Mahenge Liandu Graphite Project in Tanzania were continuing to advance on Tuesday, reporting that metallurgical test-work was progressing well, with initial work in line with expectations.
AfriAg investment target Apollon begins producing Jamaican cannabis oil
AfriAg Global has been advised by Apollon Formularies that it has now completed its first production of licensed medical cannabis oils at its processing facility in Negril, Jamaica, it announced on Tuesday.
US retail sales volumes jump, driven by auto and fashion sales
US retail sales volumes grew a tad more quickly than expected last month, boosted by sales of automobiles and food and beverage stores.
Goldman Sachs beats analysts' forecasts despite slide in revenues
Goldman Sachs cheered Wall Street on Tuesday after its second-quarter numbers beat analyst expectations.