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FTSE CLOSE: Markets rally on hopes of US rate cut

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FTSE CLOSE: Markets rally on hopes of US rate cut; FCA hits banks with clampdown on overdraft fees; Depressed pound edges up as Theresa May steps down The FTSE 100 closed up 1%, or 72 points, at 7,331.94  The FCA has banned banks from charging more for unarranged overdrafts  The pound has edged up a little … Read more

FTSE LIVE: Bonmarché rebuffs takeover bid; 15 LK Bennett stores to close

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FTSE CLOSE: LK Bennett rescued but 15 stores to close; Bonmarché rejects Philip Day’s takeover offer; Online grocery shopping slows Bonmarche says tycoon Philip Day’s takeover bid of £5.7m undervalues the firm The number of people opting to buy groceries online has slowed The competition watchdog has concerns about Rentokil-Mitie merger Over a third of … Read more