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.
(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.
UBS was one of the worst hit by the sharp falls in European bank shares on Tuesday after reporting a steeper-than-expected fall in first-quarter profits and warning that global financial market turmoil had paralysed client activity across its wealth ...
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.