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Citi becomes latest bank to resume job cuts
Wall Street lender Citigroup is to resume global job cuts after layoffs were paused during the height of the Covid-19 pandemic.
London midday: Stocks extend gains as miners rally on China data
London stocks had extended gains by midday on Tuesday as investors digested the latest UK jobs data, with miners pacing the advance after the release of encouraging Chinese data.
Grocery spending slows as shoppers dine out during August
Around £155m was wiped off UK grocery sales in August, industry research showed on Tuesday, as consumers took advantage the government’s Help Out to Eat Out scheme and the easing of lockdown restrictions.
UK investment market plagued by scams - FCA
Britain’s financial services industry has been blighted by too many scams and scandals and should be overhauled, the regulator said on Tuesday.
Ocado Q3 retail sales surge 52% as M&S products join range
Online grocer and technology firm Ocado recorded a sharp rise in third quarter revenue driven by continued higher average spends during the coronavirus pandemic as it forecast annual core earnings of £40m.
Cerillion secures largest-ever contract win
Software solutions group Cerillion has secured its largest-ever contract win.
Cohort makes 'good progress' despite Covid-19 impact
Aerospace and defence group Cohort said on Tuesday that it had continued to make "good progress" in the year ended 30 April, achieving a record adjusted operating profit despite the impact of the Covid-19 pandemic in the final months.
Asia report: Markets finish mixed amid positive data from China
Markets in Asia finished mixed on Tuesday, as investors digested fresh retail sales and industrial production data out of China, and pored through the latest minutes from Australia’s central bank.
Haydale Graphene inks collaborative agreement with Dowty Propellers
Advanced materials group Haydale Graphene said on Tuesday that it had signed contracts for the provision of services for the collaborative development of graphene and nanomaterial enhanced products for use in Dowty Propellers' products.
Europe open: Retail stocks higher as investors look for direction
European stocks started Tuesday almost flat as investors looked for cues while retail stocks received a boost from strong results at H&M.
Watches of Switzerland slumps after Apollo sells 33m shares
Watches of Switzerland shares slumped on Tuesday after US private equity firm Apollo Global Management sold 33 million shares in the company.
Maintel slashes costs as revenue and earnings fall
Cloud and managed communications provider Maintel Holdings reported a 17% reduction in revenue in its first half on Tuesday, to £53. 4m, with recurring revenue at 74%, up from 69%.
First Group sees small FY profit as revenues improve
Bus and rail operator FirstGroup said it expected to make a better-than-expected small full year profit as passenger numbers slowly recovered from the coronavirus pandemic.
Avingtrans Q1 orders in line with expectations
Energy and medical equipment supplier Avingtrans said on Tuesday that first-quarter order intake had been in line with expectations as trading appeared to "generally" normalise.
Marshalls to pay no interim dividend after swinging to H1 loss
Paving group Marshalls will not pay an interim dividend this year after swinging to a loss for the first half of 2020.
OptiBiotix signs manufacturing deal with unnamed US firm
Life sciences company OptiBiotix Health has entered into an agreement with an unnamed US company, it announced on Tuesday, for the large-scale manufacture and commercialisation of a number of ‘SweetBiotix’ products.
London open: Stocks nudge up after UK jobs data; miners rally
London stocks nudged higher in early trade on Tuesday as investors digested the latest UK jobs data ,with miners on the front foot after encouraging Chinese data.
UK redundancies rise most since 2009 as Covid-19 takes toll
The number of redundancies in the UK rose in July by the most since 2009 as the Covid-19 pandemic took its toll.
Botswana Diamonds upbeat on latest drilling at Marsfontein
Botswana Diamonds released the preliminary results of the next phase of its drilling campaign on the Marsfontein project on Tuesday, where it was testing a historical anomaly - ‘M17’ - to see if it had the potential to be a blow, or enlargement, on the M8 kimberlite dyke.
Chemring ending year at upper end of expectations
Chemring Group said on Tuesday that despite a “challenging environment”, trading in the year so far had progressed as planned, with the expected outturn for the 12 months ending 31 October being towards the upper end of current analyst expectations.