Latest News
IMF lowers global growth forecasts on trade, Brexit concerns
The International Monetary Fund (IMF) cut growth forecasts for the global economy for this year and next as it warned that an escalation of the China-US trade war or a hard Brexit could harm it further.
Boris Johnson elected Conservative Party leader; will become new PM
Boris Johnson was on Tuesday elected leader of the Conservative Party and as a result will become prime minister, replacing Theresa May.
US close: Stocks end higher as earnings continue to roll in
Wall Street stocks closed higher on Tuesday following earnings from the likes of Coca-Cola, Biogen, Lockheed Martin, United Technologies and Harley-Davidson.
London close: FTSE holds on to gains as Boris becomes Tory leader
London stocks held on to most of their gains by the close on Tuesday, as markets digested the fact that Boris Johnson would be crowned Prime Minister after winning the Tory leadership contest.
Tuesday broker round-up
XPS Pensions Group: RBC Capital Markets initiates outperform with a target price of 140p.
FTSE 250 movers: Hays climbs, Amigo Holdings falters
London’s FTSE 250 was up 0. 58% at 19,762. 86 in afternoon trade on Tuesday, as recruitment outfit Hays led the index higher.
Europe close: Markets buoyant amid slew of solid earnings
European shares closed in the green on Tuesday, as solid corporate earnings and a strong session on Asian markets provided impetus.
Broker tips: Whitbread, Scapa
Premier Inn owner Whitbread was under the cosh on Tuesday as Bernstein downgraded the stock to 'underperform' from 'market perform', pointing to a return to a fundamental-led performance following the recent cash return.
Director dealings: Shaftesbury director ups stake
Shaftesbury non-executive director Richard Akers has acquired 2,000 ordinary shares in the FTSE 250-listed landlord.
PCI-PAL makes 'significant' progress with contract wins
Payment card data protection company PCI-PAL on Tuesday said it had made significant full year progress as it forecast its annual loss would be in line with expectations.
US open: Stocks go green as earnings onslaught continues
Wall Street trading began on a positive note on Tuesday following earnings from the likes of Coca-Cola, Biogen, Lockheed Martin, United Technologies and Harley-Davidson.
FTSE 100 movers: Paper and packaging shares rally; Whitbread hit by downgrade
London's FTSE 100 was up 0. 8% at 7,573. 06 in afternoon trade on Tuesday as Boris Johnson was set to be crowned Prime Minister after winning the Tory leadership contest.
Quadrise Fuels confirms need for funding
Quadrise Fuels confirmed on Tuesday that it needs funding for its operations to keep going past early October.
Whitbread slumps on Bernstein downgrade
Premier Inn owner Whitbread was under the cosh on Tuesday as Bernstein downgraded the stock to 'underperform' from 'market perform', pointing to a return to a fundamental-led performance following the recent cash return.
De La Rue tanks as SFO launches probe over South Sudan conduct
Shares in banknote printer De La Rue tanked on Tuesday after it said the Serious Fraud Office has launched an investigation over "suspected corruption" in its business conduct in South Sudan.
FCA fines Standard Life Assurance £30m over pension sales failures
The Financial Conduct Authority fined Standard Life Assurance £30. 7m on Tuesday, for failures related to non-advised sales of annuities.
DX Group ready to deliver annual profits
Courier firm DX Group on Tuesday forecast a return to profit for the full year, in line with market forecasts.
FCA urges expansion of credit unions to protect consumers from payday lenders
The FCA urged the government to facilitate the availability of alternatives to high-cost credit in an update on Tuesday, saying it supported the expansion of credit unions to help vulnerable consumers.
Getbusy set to beat full-year revenue expectations after strong interims
Getbusy's shares leapt on Tuesday after it slashed its interim loss, as revenue increased following paid customer growth, putting the company on course to beat full-year revenue expectations.
Apple reportedly looking to snap up Intel's smartphone chip division
Apple is said to be in talks to buy Intel's modem chip division for approximately $1bn within the next week.