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Tuesday newspaper round-up: Slow growth, waning trade, Brexit stumble
Experimental early warning systems for the economy, devised by the Office for National Statistics and using VAT and road traffic data, have suggested that turnover at British companies may have weakened during the first quarter. The ONS said that its new index based on VAT returns had shown a “mixed picture”, with “very slightly more firms reporting a decline in turnover” between the first quarter of 2019 and the final quarter of 2018 than those posting an increase.
Premier Oil reports more positive news from Zama discovery
Premier Oil on Tuesday reported positive results from test drilling at the Zama discovery off Mexico.
Ariana Resources pushes beyond annualised guidance in first quarter
Exploration and development company Ariana Resources announced gold production of 7,296 ounces at the Kiziltepe mine in the first quarter on Tuesday, down from 7,517 ounces in the fourth quarter but exceeding average annualised quarterly guidance by 17%.
GCP Asset Backed agrees increase in revolving credit facility
Asset backed loans investor GCP Asset Backed Income Fund announced on Tuesday that it had entered into an agreement with Royal Bank of Scotland International for an increase to the revolving credit facility.
Hummingbird sees decent increase in production in first quarter
Africa-focussed gold producer Hummingbird Resources updated the market on its operations and production for the first quarter at its Yanfolila Gold Mine in Mali on Tuesday, reporting that 23,807 ounces of gold was poured in the period, up 33% quarter-on-quarter.
Eve Sleep names Loaf boss as next CFO
Online mattress retailer Eve Sleep has named Tim Parfitt as its new chief financial officer, replacing Abid Ismail, whose departure was announced back in March.
London open: Stocks nudge higher ahead of UK jobs data
London stocks nudged higher in early trade on Tuesday, taking their cue from a positive session in Asia as investors eyed the release of key UK jobs data.
Europa sells PEDL 143 interest to UK Oil & Gas
UK and Ireland-focussed exploration, development and production company Europa Oil & Gas has conditionally agreed to sell its 20% interest in UK onshore licence PEDL 143 to UK Oil & Gas for a total consideration of £0. 3m, it announced on Tuesday.
Bluefield Solar attains 'Guernsey Green Fund' status
UK-based solar asset investment fund Bluefield Solar has been successful in obtaining ‘Guernsey Green Fund’ status, it announced on Tuesday.
Anglo African Agriculture confirms soft opening of Comarco LPG facility
Anglo African Agriculture announced on Tuesday that a soft opening had taken place at the new 11,000 metric tonne LPG import and storage facility at the privately-owned Comarco port in Kenya.
JD Sports results send shares to new all-time high
JD Sport Fashion remained a beacon of growth in the troubled retail sector, as the sports chain reported double-digit sales and profit growth for the 52 weeks to 2 February.
Galliford Try warns on profits as it reviews construction operations
Housebuilding, regeneration and construction group Galliford Try announced on Tuesday that it is undertaking a strategic review of its construction business.
G4S Q1 revenues rise, hails good start to 2019
Security services firm G4S, which recently became a takeover target for Canadian rival GardaWorld, reported a jump in first-quarter revenue on Tuesday as it hailed a positive start to 2019.
Syncona puts £18m into Autolus Therapeutics' US IPO
Healthcare investment company Syncona said on Tuesday that its portfolio company, Autolus Therapeutics, has confirmed the closing of its previously-announced underwritten public offering in the United States of 4,830,000 American depositary shares (ADS).
Ashmore inflows up as emerging markets find favour
Asset manager Ashmore on Tuesday reported an 11. 2% increase in assets under management for the third quarter as emerging markets found favour with investors.
Hays sees decent growth in spite of tough comparatives
Recruitment firm Hays reported like-for-like net fee growth of 6% in its third quarter on Tuesday, driven by 7% growth in its international businesses, while actual growth was 5% due to the timing of Easter.
Rio Tinto cuts guidance after cyclone, Hays sees good net fee growth
London open The FTSE 100 is expected to open 19 points higher on Tuesday, having closed down 0. 003% at 7,436. 87 on Monday.
Rio Tinto cuts iron ore guidance after cyclone damage
The impact of March's tropical cyclone in Western Australia has forced miner Rio Tinto to cut its guidance for annual ore shipments.
London pre-open: Stocks to rise ahead of key jobs data
London stocks were set to rise on Tuesday, tracking gains in Asia as investors eyed the release of key UK jobs data.
US close: Markets end in the red as earnings season kicks off
Wall Street markets finished just below the waterline on Monday as earnings seasons began, with banking giants Citigroup and Goldman Sachs posting their first-quarter numbers.