Britain imposed sanctions on 25 Russians and 20 Saudis on Monday as part of post-Brexit measures that were aimed at cracking down on the laundering of “blood money”.
Authorities in the US slapped a multi-million dollar fine on Deutsche Bank for not properly monitoring its relationship with convicted sex offender Jeffrey Epstein.
Stocks in Europe managed to pare their losses towards the end of trading despite the European Commission downgrading its growth forecasts and the still worrisome headlines around the coronavirus pandemic out of the US.
London stocks closed well below the waterline on Tuesday, as the European Commission slashed its growth forecasts, with concerns about a rise in new coronavirus cases continuing to weigh on sentiment.
Coca-Cola HBC AG named Naya Kalogeraki to the newly-created role at the firm of chief operating officer.
GlaxoSmithKline has teamed up with Canada's Medicago to develop a vaccine which its hopes will be ready for use in the first half of 2021.
Polymetal International revealed on Tuesday that non-executive director Italia Boninelli had purchased 1,446 shares in the FTSE 100-listed precious metals mining group.
The focus in financial markets will be on the Chancellor, Rishi Sunak, as he delivers his summer economic update.
US fast-food chain Shake Shack warned on Tuesday that it had missed out on around $3. 2m in sales as a result of curfews stemming from nationwide protests during June.
Job openings in the US continued to recover in May but remained far below their year earlier levels, the results of a widely-followed survey revealed.
Analysts at Liberum raised their target price on British property company LondonMetric from 180. 0p to 210. 0p on Tuesday, stating the group's valuation was supported by a 4. 0% dividend yield.
Computer vision technology company Seeing Machines was upbeat on news from the United States on Tuesday, after the passage of the 'Moving Forward Act' in the House of Representatives.
Morgan Stanley upgraded Hikma Pharmaceuticals to 'overweight' and upped its price target on the company's shares because the market is undervaluing the launch of two drugs.
Intellectual property specialist Frontier IP announced on Tuesday that its portfolio company, Celerum, has been subcontracted to support software development for Aberdeen-based PlanSea Solutions.
London’s FTSE 250 was down 1. 2% at 17,340. 80 in afternoon trade on Tuesday.
Wall Street stocks opened mixed on Tuesday following a strong rally seen during the previous session.
River Island has become the latest high street name to warn of imminent job losses, it was reported on Tuesday.
Deutsche Bank raised its price target for GVC shares and said the gambling company's trading statement on 16 July should bring positive news.
Analysts at Berenberg raised their target price on global investment company Standard Life Aberdeen from 190. 0p to 275. 0p on Tuesday, stating that recent management changes held the potential to drive a "change in strategy".
Analysts at Canaccord Genuity hiked their target price for shares of Intermediate Capital Group, arguing that investors' focus on losses on the Investment Co. side of the business.
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