Latest News
Action Hotels offloads Dubai development site
Owner, developer, and asset manager of branded three and four-star hotels in the Middle East and Australia, Action Hotels, has entered into a conditional sale-and-purchase agreement with Apex Investments to dispose of its 100% interest in the 5,553. 5 square metre plot of investment land located at the Innovation Hub within Dubai's Media City, it announced on Tuesday.
Sound Energy receives ministerial approval for Morocco agreement
AIM-listed upstream gas firm Sound Energy has received ministerial approval of its new eight-year Greater Tendrara Petroleum Agreement.
Arc Minerals intersects additional mineralisation at Kalaba
Further drilling at Arc Minerals's Kalaba asset has intersected additional copper mineralisation.
Fund managers most bearish on global outlook since 2008 - survey
Fund managers are as pessimistic about the world economy as they were ten years ago, when the financial crisis devastated global markets.
AssetCo served notice by 'major' Abu Dhabi client
AssetCo told investors on Tuesday that a major client in the United Arab Emirates had informed it of its decision to sever ties with the firm.
Rio Tinto copper production jumps, iron ore disappoints
Rio Tinto produced plenty of copper in the third quarter, with iron ore production down slightly ahead of a final decision on the feasibility of the Koodaideri iron ore project in Western Australia expected by the end of the year.
Sector movers: Food retailers marked down
The food retail sector was being marked down on Tuesday, while several other sectors such as bounced back from the recent sell-off as FOMO gripped investors.
Strong demand for cancer drugs boosts Johnson & Johnson
America’s Johnson & Johnson, the world’s largest healthcare company, narrowly beat analysts' forecasts after strong demand for its cancer drugs bolstered third-quarter sales.
Sensyne Health launches gestational diabetes monitoring technology
Sensyne Health on Tuesday launched its GDm-Health product, which allows clinicians to monitor patients in order to manage gestational diabetes mellitus.
URU completes ground-based geophysics survey at Zebediela
URU Metals announced on Tuesday that the ground-based geophysics survey over a portion of the Zebediela Project has been completed.
Oil price wavers as traders eye Saudi Arabia reaction to Khashoggi case
Saudi Arabia could "weaponise" its dominance of the oil market if it is hit with sanction by the US government over the missing Saudi journalist Jamal Khashoggi, analysts suggested on Tuesday amid a wobble in oil prices.
German business sentiment tumbles on trade war, Brexit woes
German economic sentiment tumbled in October amid worries about trade tensions between the US and China and the potential for a hard Brexit, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
CMA probes impact of Sainsbury-Asda tie-up on grocery prices, suppliers
The Competition and Markets Authority has outlined which areas it will probe as part of an investigation into J Sainsbury’s £15bn merger with rival supermarket chain Asda.
China September CPI, factory gate prices reflect slower growth
The latest readings on inflation in China at both the consumer and factory gate level were pointing to slower economic growth ahead, economists said.
Tuesday broker round-up
Smith & Nephew: HSBC downgrades to hold with a target price of 1,400p.
Walmart cuts earnings outlook on Flipkart acquisition
Walmart downgraded its 2019 earnings forecast on Tuesday to account for its acquisition of Indian e-commerce company Flipkart earlier this year.
BP Marsh's assets expand with investment in Australian insurance firm
BP Marsh & Partners substantially increased its net asset value in the first six months of its financial year, the company said on Tuesday.
Asia report: Markets mixed amid China inflation data, Saudi Arabia concerns
Markets in Asia ended their sessions in a mixed state on Tuesday, as geopolitical tensions around Saudi Arabia continued to tighten, and following a weak close on Wall Street overnight.
JD Sports promotes FD to CFO role as Brian Small steps down
JD Sports has promoted finance director Neil Greenhalgh to the role of chief financial officer, as Brian Small will step down from the role at the end of the month.
Goldman Sachs soundly beats third quarter forecasts
Wall Street banking giant Goldman Sachs beat analysts' forecasts for its third quarter earnings on the back of a stronger-than-expected performance from its investment banking arm.