The Dax rallied off support in early European trade as markets came to terms with a global slump in business activity, darkening economic prospects. Get your market update from zvawda here:
in the US on Tuesday and Asia overnight with little corporate or economic news to provide direction.was mixed with services gaining while manufacturing slumped. With signs of a global slowdown, the UK is not immune, while growing strikes and energy worries weigh on sentiment.to the brink of collapse, Britain’s biggest business group has warned.
The Confederation of British Industry urged the Government to freeze business rates for another year and take quick and targeted action to prevent otherwise viable businesses from going bust. Two-thirds of businesses are facing a jump in their bills over the next three months, with a third of those firms facing increases of more than 30pc, the CBI said.almost halved this morning after the company said it wants to delist from the London Stock Exchange.
The company, which invests in the tech and life sciences sectors, said the costs of maintaining a premium listing on the LSE were now"prohibitively high" relative to its size.
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