Latest News
London midday: Stocks extend gains as PM sets off on EU charm offensive
London stocks has extended gains by midday on Tuesday, boosted by strong showings from the likes of WPP and Ashtead, as the pound clawed back some of the losses from the previous session.
China moving to cut tariffs on US cars
Chinese authorities are moving towards reducing the tariffs on imported cars from the US imposed during the ongoing trade spat with Washington, Bloomberg reported.
Bilby plummets as profits stumble on MoD contract cancellation
Bilby’s shares dived on Tuesday after interim profits narrowed on falling revenue as the company ceased its building services work with the Ministry of Defence.
CMA probes Ebay's UK motors takeover
UK antitrust authorities have launched an investigation into eBay's proposed acquisition of Motors. co. uk.
Trump concerned about 'real possibility' of being impeached
US President Donald Trump is reportedly concerned there is a “real possibility” he could be impeached once Democrats take the House of Representatives, CNN said on Monday.
Europe open: Stocks track gains on Wall Street, positive news on trade
After a hesitant start to trading, some investors on the Continent appear to be testing the waters in the wake of the more positive headlines around US-China trade talks and the budget spat between Brussels and Italy.
Italy ready to compromise with EU at 2% deficit target
Italy could be ready to bring down its deficit target to 2% as the European Commission would be willing to accept an increase in Italy’s deficit to 1. 95% for next year.
Beleaguered May meeting EU leaders to save Brexit deal, political skin
Prime Minister Theresa May started a tour of European capitals on Tuesday in an attempt to save her Brexit deal and political skin after running away from a crunch parliamentary vote on the agreement.
ASOS burning through cash, says Morgan Stanley as it slashes price target
ASOS shares slid on Tuesday as Morgan Stanley chopped its price target on the online fashion retailer to 3,200p from 5,000p as it becomes increasingly concerned about cash flows.
German ZEW beats forecasts in December but still depressed
German economic sentiment unexpectedly improved in December, but remained depressed, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
WPP unveils restructuring plan focused on creativity, tech
WPP will spend £300m over the next three years as new boss Mark Read's restructuring plan aims to make the marketing and advertising giant a "leader in creativity and technology" while keeping profit margins above 15%.
UK wages grow at fastest rate since 2008 as employment soars
UK employment has reached a record high, official data showed on Monday, with nominal wages growing at a rate not seen for a decade.
RM signals forecast-busting final results
RM updated the market on its trading on Tuesday, reporting that it expected results for the financial year ended 30 November to be slightly ahead of expectations.
Jadestone makes solid progress with Montara asset
Asia-Pacific focussed oil and gas production company Jadestone Energy updated the market on its Montara asset inspection and maintenance shutdown on Tuesday, reporting that the operating team had made “excellent” progress in efficiently and safely completing more than 8,000 hours of work offshore.
Macron's festive gifts to France 'risk Italy conflict'
French President Emmanuel Macron doled out some festive sweeteners to his citizens overnight, risking a new EU conflict as it may drive the country's deficit above European budget limits.
Mincon's first 'Greenhammer' system performing in line with expectations
Irish engineering company Mincon Group updated the market on the ongoing development project for its hydraulic DTH hammer system, Greenhammer, on Tuesday, reporting that a 12-inch size system has been installed on its first rig with a customer in Australia.
IQ-AI subsidiary sees tech installed at important tumour centre
IQ-AI subsidiary Imaging Biometrics (IB) announced on Tuesday that Barrow Neurological Institute: Dignity Health, St. Joseph's Hospital and Medical Center (BNI) has installed a new ‘IB Rad Tech’ software platform, to help assess treatment response for patients with brain tumours.
Golden Saint Tech subsidiary gets $1m data centre contract
Integrated information and communication technology provider Golden Saint Technologies said on Tuesday that its wholly-owned Singapore subsidiary, EMS Wiring Systems, has entered into an agreement for the installation of a data centre in Singapore valued at around $1m.
Trade talks between China and US ongoing, Beijing says
Trade talks between Washington and Beijing are ongoing at the highest level, despite the recent detention of a top Chinese business executive.
MySale plunges as Australian tax issues spark profit warning
MySale Group’s shares plummeted on Tuesday after the company warned that “challenging” conditions meant it now expected to record an interim underlying loss.