FTSE outperforms in Europe as miners regain ground.
British shares outperformed those elsewhere in Europe on Tuesday, buoyed by a rebound in mining stocks from sharp falls in the previous session after moves to stabilise Chinese markets helped copper higher.
UK construction recovers from dip, boosted by commercial sector.
Growth in Britain’s construction industry picked up in December from a seven-month low in November, helped by a rise in commercial building on the back of the country’s economic recovery, a survey published on Tuesday showed.
Barclays to cut Asia investment banking jobs next week.
Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources with direct knowledge of the matter told Reuters.
Sainsbury’s says Home Retail rejected offer approach
Sainsbury’s, Britain’s second biggest supermarket, made a cash and shares bid approach to Home Retail in November which was rejected by the owner of Argos and the Homebase do-it-yourself chain, it said on Tuesday.
HSBC apologises for online banking outage, says customers will not ‘lose out’.
HSBC said on Tuesday that customers affected by a blackout on its personal banking online services in Britain will not “lose out”, as technical problems suffered by Europe’s biggest bank ran into a second day.
Oil prices fall as weak China data, stronger dollar drag.
Oil prices fell on Tuesday on concerns about the pace of economic growth in China and a stronger U.S. dollar, handing back some of the gains triggered by an escalation of tensions in the Middle East.
Insight – For some British business owners, EU membership is losing its appeal.
Eric Simpson, the owner of a furniture recycling firm in northern England, once believed in the European Union. Now he’s unsure how to vote in a referendum on Britain’s future in the bloc, reflecting growing doubts among the business community.
Some Yahoo investors want to sell Internet business even if it triggers big tax bill.
Several major Yahoo Inc shareholders are so concerned the company’s core Internet business could fall in value that they want it sold as soon as possible. The shareholders said they would prefer that than wait for Yahoo to go through with its plan to seek a tax-free spin-off of the operation, which includes Yahoo’s sports and news sites as well as its popular email service.
Volkswagen faces billions in fines as U.S. sues for environmental violations.
The U.S. Justice Department has sued Volkswagen for up to $90 billion for allegedly violating environmental laws – five times regulators’ initial estimate and a reminder of the carmaker’s problems nearly four months after its emissions scandal broke.
Tax revenue, gains from bank bailout help Ireland cut 2015 deficit.
Ireland came close to balancing its budget at the end of 2015 as a costly bank bailout wound down and tax revenues surged.