1. HSBC cuts mortgage rates as inflation slows
HSBC Holdings PLC (LSE:HSBA) has become the UK’s first major lender to cut mortgage rates, after recent spikes caused by stubborn base rate interest hikes.
2. Unilver revenues rise as prices offset static volumes
The maker of Ben & Jerry’s ice cream and Dove soap said underlying sales growth in the six months to 30 June 2023 was 9.1% despite a drop of 0.2% in volumes.
3. Virgin Media O2 slashes a tenth of its workforce
Virgin Media O2 joins rivals like BT and Vodafone by laying off around 2,000 workers by the end of this year.
4. Mirror owner shines despite profits tumbling
Reach PLC (LSE:RCH), the Daily Mirror and Express publisher, rose over 15% on Tuesday after it explores "more sustainable digital revenues".
5. FTSE 100 closes higher as miners climb
The FTSE 100 claimed another day of gains on Tuesday, adding 0.2% to close at 7,692, supported by strong gains for miners including Anglo American, Antofagasta, Rio Tinto and Glencore.