1. Fitch downgrade knocks FTSE 100
The FTSE 100 dropped by 104 points after Fitch downgraded the US government's credit rating.
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2. BAE boosted by submarine deal as results impress
BAE Systems PLC (LSE:BA.) is moving along swimmingly after rumours about the submarine deal helped lift already-strong first-half results.
3. Manchester United slumps as takeover talks 'pause'
Claims the Glazers have paused any takeover talks sent Manchester United Plc (NYSE:MANU) shares plummeting.
4. Taylor Wimpey profit dips as rising rates hit the housing market
Taylor Wimpey PLC (LSE:TW.) results showed the wounds inflicted by tough trading conditions as rising interest rates knocked the housing market.
5. Drax denies it withheld money from households
Drax Group (LSE:DRX) batted off accusations that it deliberately avoided paying money back to the public by manipulating how it produced energy.