The group planning a management buyout of Tata Steel's UK assets has confirmed it has registered a letter of intent expressing its formal interest.
LONDON/HONG KONG HSBC (HSBA.L) (0005.HK) stuck to its promise of higher dividends on Tuesday after a 14 percent profit drop fuelled doubts among some investors about the bank's ability to increase payouts.
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.
Wall Street was sharply lower in afternoon trading on Tuesday, with all 10 major S&P sectors in the red, after weak economic data out of China and Europe rekindled fears of a slowing global economy.
Aberdeen Asset Management has reported a sharp drop in revenue, profits and assets in its portfolio of investments. The firm saw pre-tax profits down by 47%, from �185m to �99m in the first six months of its financial year to 31 March.