Full List Of Stories
London close: FTSE extends record highs as pound gives up gains
London stocks set a new closing record within a stone's throw of the 8,000 mark as Bank of England policymaker waxed hawkish and a raft of corporate news also kept things interesting.
Tesco Direct to shut down as Wilson swings axe
Tesco is shuttering its online general merchandise business, Tesco Direct, in new UK chief executive Charles Wilson's first visible act since joining as part of the Booker takeover.
Market buzz: Italy BTPs headed for 'junk'?, Inmarsat and Halfords slip
1611: Tesco's new UK chief has decided to close the group's online general merchandise business, Tesco Direct. Charles Wilson, who joined as part of the Booker takeover, said the move was “an essential step towards establishing a more sustainable non-food offer. ”.
Wednesday preview: M&S results to determine FTSE fate, CPI and Fed mins in focus
Wednesday results from Marks & Spencer could determine the high street fixture's FTSE 100 status, while UK inflation data is likely to move the pound and Fed meeting minutes will be closely read and fairly certain to move the dollar.
HSBC offers growth and yield, Morgan Stanley sees more to come
HSBC's "unique set-up" offers investors growth and yield, said Morgan Stanley on Tuesday as it upped its forecasts for the next couple of years and said "there is more to go" from the shares.
US jewellery helps support diamond demand for Anglo American's De Beers
De Beers sold $550m of rough diamonds in its fourth sales cycle of the year, taking turnover from Anglo American's diamond arm so far this year to $2. 3bn.
Inmarsat wobbles after US rival wins maritime safety certification
Inmarsat shares tumbled on Tuesday as the satellite communication group's international maritime maritime distress services monopoly came to an end.
Halfords skids lower as profits expected to remain flat
Halfords reported lower annual profits as the bike and car parts retailer was hit by the increased cost of goods due to the weak pound, with a similar result expected this year as selling prices remain flat.
Galliford Try stays on track, though exceptional costs rise
Galliford Try said full year results are on track to hit their mark, with underlying debt lower than expected but bad weather adding costs to its troublesome Aberdeen bypass project.
National Grid faces Ofgem probe over electricity forecasts
The electricity regulator is investigating whether National Grid broke rules over its demand forecasting for the UK electricity market.
Tuesday newspaper round-up: Sainsbury's, defence spending, BP
J Sainsbury is facing fresh scrutiny of its £12 billion merger with Asda after more than 100 MPs signed a letter criticising changes to the company’s staff pay that threaten to leave some workers more than £3,000 a year worse off. As many as 13,000 Sainsbury’s employees could take a hit to their pay packets, according to critics of the company’s plans, as it consults on a new deal meant to equalise pay among its 130,000-strong workforce. - The Times.