Namal Nawana rejects break-up of Smith & Nephew

The new chief executive of Smith & Nephew, Namal Nawana, has rejected a potential break-up of the medical devices company despite pressure from an aggressive American activist investor.

UK house prices take pre-Brexit hit, says survey

Data released by mortgage lender Nationwide reveals British house prices took a pre-Brexit hit in December, rising by their slowest pace in nearly six years in annual terms.

This month sees the first anniversary of Open Banking, a set of reforms aimed at increasing competition in the UK’s banking sector and providing more choice for consumers. 

UK shares jumped to their highest in almost a month on Tuesday amid hopes of a US-China trade deal and as supermarket chain Tesco led a revival in retailers after upbeat sales data that helped offset Morrisons’ disappointing holiday update.

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