Latest News
Network Rail CEO Mark Carne to retire later this year
Mark Carne, the chief executive of Network Rail has decided to retire from the company later on this year.
UK economy to grow faster than expected, NIESR predicts
Britain's economy will expand faster than forecast in 2017 and 2018 due to unexpectedly strong global growth, a closely followed thinktank has predicted.
Market buzz: Wall Street regains its nerve
After two days of blood-letting that sparked a global stock market selloff and worries that more was to come, Wall Street held its nerve on Tuesday after an initial lurch lower and ended the session in the green.
Results round-up
Babcock International said it was on track to meet profit forecasts but that revenue would be lower than expected amid concerns about cuts to defence spending and the viability of government contractors.
FX round-up: Pound yields YTD gains versus dollar as consensus trades punished
Sterling was little changed towards the end of the session on Tuesday, amid calm trading across currency markets, with market participants apparently completely focused on events in stockmarkets.
Commodities: DoE forecasts record US oil output in 2018
Commodities came under moderate selling pressure on Tuesday, even as most analysts appeared to be sanguine that the recent stockmarket rout would globally eventually wind down.
BIS head says crypto-currency craze is a hybrid of a 'bubble' and a 'Ponzi scheme'
Agustin Carstens, the Bank for International Settlements' new boss, referred to the crypto-currency craze as a mixture of "a bubble, a Ponzi scheme and an environmental disaster," as he warned students at a German university that the likes of Bitcoin and Ripple threatened to undermine public trust in central banks.
Sector movers: Loose talk sinks ships
Like the day before, it was some of the more defensive issues in the market that bore the brunt of selling despite the rout in equities worldwide, with recent slight shifts in expectations for policy tightening by the Federal Reserve in 2018 apparently triggering a sharp rise in stockmarket volatility as government bonds markets in the US, and elsewhere, came under pressure.
London close: Market volatility leaves traders licking their wounds
London stocks finished firmly in the red on Tuesday, taking their cue from a bloodbath on Wall Street and in Asia as investors fret that rising inflation will force the Fed to hike rates more than initially expected this year.
Broker tips: BT Group, Randgold, Forterra
Investors in Vodafone and Swisscom should expect to see dividend cuts, analysts at Macquarie said.
US open: Stocks trading on either side of unchanged
Stocks on Wall Street are mixed, having recovered from another round of heavy losses at the opening bell, following a massive sell-off during the previous session, amid a spike in volatility and concern in some corners of the market regarding the likely pace of interest rate hikes by the Fed.
General Motors beats the Street with fourth-quarter report card
Automotive giant General Motors beat Wall Street expectations on Tuesday, as cost-cutting and higher vehicle prices helped to offset a double-digit decline in sales volume during its fourth and final trading quarter.
Europe close: Markets settle well into the red
European bourses settled well into the red on Tuesday, though rattled traders were given a late reprieve as US markets opened flat.
Directa Plus product launched in two new textile collections
Directa Plus, a producer and supplier of graphene-based products for use in consumer and industrial markets, announced the launch of two new textile collections on Tuesday, containing the company's Graphene Plus (G+).
US job openings decline in December
A widely-followed indicator of US labour market strength weakened in December, although economists were sanguine, cautioning clients not to read too much into one month's worth of data.
Tribal Group begins collaboration with Microsoft
Educational software and services provider Tribal Group announced on Tuesday that is collaborating with Microsoft to enable the organisation to expand the number of educational institutions and students that can access its student information systems.
Windar Photonics signals record year in 2017
Windar Photonics updated the market on its trading for the 12 month period to 31 December on Tuesday, reporting that overall, the company continued to make “good progress” in all of its important key areas.
Macquarie expects dividend cuts at Vodafone and Swisscom
Investors in Vodafone and Swisscom should expect to see dividend cuts, analysts at Macquarie said.
Amino Technologies trebles profits on superior margins
Internet protocol software and device solutions firm Amino Technologies saw flat revenues from its recently wrapped up financial year, but reduced expenses and improved margins saw the AIM-quoted group push profits ahead over the period.
Cronin Group signs up two more firms to evaluate 'DigitalGlassware'
Cronin Group announced on Tuesday that it has entered into memoranda of understanding with two unnamed leading international life science reagent and chemicals manufacturers.