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Tuesday newspaper round-up: UK telecoms industry, shop workers, BoE staff
The UK’s biggest mobile and broadband companies have agreed a plan to help customers struggling to pay bills amid the cost of living crisis, including moves to allow switching to cheaper deals without paying a penalty. The package was agreed at a summit at Downing Street, co-chaired by the culture secretary, Nadine Dorries, and the cost of living business tsar, David Buttress, and attended by the top executives of the country’s biggest telecoms firms, including BT, Virgin Media O2, Vodafone, Three, Sky and TalkTalk.
UK shop price inflation hits fresh high
Shop price inflation hit levels not seen since 2008 in June, research published on Wednesday showed.
US close: Stocks record heavy losses as consumer confidence falls to 16-month low
Wall Street stocks closed sharply lower on Tuesday as market participants digested news that consumer confidence had hit a 16-month low.
US open: Stocks higher even as consumer confidence hits 16-month low
Wall Street stocks opened higher on Tuesday as market participants shrugged off news that consumer confidence had hit a 16-month low.
Sector movers: Defence stocks pace gains, BAE Systems keeps gaining altitude
Aerospace and Defence paced gains in the stockmarket on Tuesday as the NATO summit in Madrid got under way with shares of Babcock, Rolls-Royce and BAE Systems all catching a bid.
Comptoir Group reacts angrily to founder's threat to vote against chairman's re-election
The board of Comptoir Group reacted angrily to the request from its founder for the restaurant chain's chairman and chief executive officer to resign.
Europe close: Stocks end off best levels, miners pace gains
European stocks were uniformly higher on Tuesday but ended the session off their best levels of the day as early gains on Wall Street evaporated.
London close: Stocks rise as China eases Covid restrictions
London stocks ended firmly in the black on Tuesday, with investors in a cheerier mood after China eased Covid quarantine restrictions.
ECB set to tighten gradually while keeping options open, Lagarde says
The European Central Bank will start raising interest rates gradually when the governing council met during the following month, Christine Lagarde said.
Wednesday preview: Fed's Powell, German and Spanish CPI in focus
All eyes on Wednesday will be on the heads of the Bank of England, US Federal Reserve and European Central Bank who will be in attendance at the ECB Forum in Sintra, Portugal.
US house price gains edge past forecasts in April
US house price gains edged past forecasts in April, the results of a closely-followed survey showed.
Reckitt considers ditching sale of infant nutrition unit - report
Reckitt Benckiser is reportedly considering whether to shelve the sale of its infant nutrition unit, as the high-profile deal falls victim to chaos in the industry and worsening financing markets.
US consumer expectations fall to lowest since March 2013
American consumers' confidence soured in June as expectations for their personal finances, business and jobs plumbed fell to their lowest levels in nearly a decade, the results of a closely-followed survey revealed.
Director dealings: THG's Charles Allen snaps up 1.15m shares
THG revealed on Tuesday that non-executive director Charles Allen had acquired 1. 15m ordinary shares in the London-listed e-commerce retailer.
US deficit in trade on goods narrows by less than expected in May
America's shortfall on trade in goods with the rest of the world narrowed by less than anticipated last month.
Broker tips: Marks Electrical, Severn Trent, Softcat
Analysts at Berenberg initiated coverage on online retailer Marks Electrical Group at 'buy' on Tuesday, stating the group was now "making its mark".
FTSE 250 movers: Babcock bounces higher; Pennon in the red
London’s FTSE 250 was up 0. 4% at 19,399. 73 in afternoon trade on Tuesday.
FTSE 100 movers: Rolls-Royce rallies; Severn Trent hit by downgrade
London’s FTSE 100 was up 1. 4% at 7,356. 82 in afternoon trade on Tuesday.
Walgreens abandons Boots sale
The US owner of Boots said on Tuesday that it has decided to abandon the sale of the UK chemist chain as it hasn’t been able to attract an adequate offer.
M&C Saatchi urges shareholders to reject Murria bid
M&C Saatchi has urged shareholders to reject a £254m takeover bid from former deputy chair Vin Murria, warning it would damage the business.