Missguided, the online fashion specialist, has called in administrators after failing to secure a rescue bid. Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant. - Guardian.
Major indices were in the red at the close of trading on Tuesday as the Street failed to carry over last week's momentum upon its return from the Memorial Day long weekend.
European stocks finished lower on Tuesday as investors were spooked by a worse-than-expected jump in euro zone inflation to a record high in May, raising fears of faster interest rate rises, and a surging oil price as European Union leaders imposed more curbs on Russian crude exports.
Financial markets' focus in the middle of the week will be a on a raft of manufacturing sector Purchasing Managers' Indices due out from across most of the world's main economies, including those of China, the euro area, UK and US.
London stocks were mixed at the close on Tuesday, with the top-flight index managing to cling to gains as heavily-weighted BP and Shell rallied on the back of firmer oil prices.
Holiday company TUI said it was cancelling more than 180 flights from Manchester airport over the next month as the travel chaos plaguing Britain continued.
Analysts at Deutsche Bank lowered their target price on mining giant BHP from 2,400. 0p to 2,250. 0p on Tuesday following the group's recent petroleum exit.
Major indices were in the red early on Tuesday as traders returned from the Memorial Day long weekend with concerns regarding rising inflation.
London’s FTSE 100 was up 0. 2% at 7,618. 00 in afternoon trade on Tuesday.
US consumer confidence declined slightly in May amid worries about inflation, according to a survey released on Tuesday.
Analysts at Berenberg took a fresh look at telecommunications giant Vodafone following the group's full-year results last Friday.
The Competition and Markets Authority said on Tuesday that it will appoint former Boston Consulting Group partner appoint Marcus Bokkerink as its next chair.
The FTSE 250 was down 0. 58% at 20,428. 60 at 1436 BST.
Communications watchdog Ofcom has launched an investigation into postal service and courier company Royal Mail's failure to meet its delivery targets over the last twelve months.
Eden Research was among the companies disclosing a director purchase on Tuesday, after its chief financial officer spent just under £15k on shares.
B&M Value Retail on Tuesday warned of a hit to profits as Britain’s cost-of-living crisis hit household budgets and announced chief financial officer Alex Russo as a replacement for chief executive Simon Arora.
Australia-focussed gold explorer and developer ECR Minerals announced on Tuesday that non-executive director Adam Jones would become an executive director with immediate effect in the new role of technical director of exploration across its portfolio of projects.
Digital energy services company eEnergy has increased its ownership in its ‘MY ZeERO’ smart metering and analytics platform to 85. 5%, it announced on Tuesday, from 51%.
Major indices were in the red ahead of the bell on Tuesday as traders returned from the Memorial Day long weekend.
Edenville Energy updated the market on the operation of its Rukwa coal project in Tanzania on Tuesday, announcing the termination of its coal mining agreement with Nextgen.
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