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Snap news

Breaking pre-market news on Tuesday,

- HM Treasury raises bank levy target to £2.5bn — statement.

- UBS Q4 results disappoint — statement.

- BG Group reports forecast beating Q4 figures; provides strategy update — statement and statement.

- Department for Transport/Ministry of Defence cancel plans for the privatisation of search and rescue helicopter service — statement.

- Swedbank posts stronger than expected Q4 operating profits — statement.

- Corporate: Xstrata, Phoenix Group, Premier Foods, Talk Talk, Thomas Cook, Premier Oil, Encore Oil, Wolfson Microelectronics

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