Latest News
Cruise operator Carnival suspends dividend, expects FY loss
Cruise operator Carnival said on Tuesday that it is suspending its dividend payments and the repurchase of its common stock as it looks to weather the coronavirus pandemic, and warned it expects to make a full-year loss.
US pre-open: Futures point to mixed session following Chinese data
US futures were pointing to a mixed open on Tuesday, following on from some strong manufacturing data out of China and the rebound seen in the previous session.
JP Morgan cuts forecasts across housebuilding sector, downgrades Redrow
JP Morgan has reduced its forecasts for the UK housebuilding sector, including cutting its rating on Redrow and Taylor Wimpey.
Shell sees Q1 writedown of up to $800m as oil prices slump
Royal Dutch Shell forecast first quarter writedowns of up to $800m as oil prices crashed in the face of a demand slump due to the coronavirus pandemic.
Asia report: Markets mixed as China manufacturing data impresses
Markets in Asia finished in a mixed state on Tuesday, with equities in China in the green as fresh data suggested the country’s manufacturing sector was getting back to work in March.
London midday: Stocks up but off highs; Imperial Brands surges
London stocks were up but off highs by midday on Tuesday, with sentiment underpinned by encouraging Chinese manufacturing figures.
North Korea threatens to cut off nuclear talks after Pompeo's comments
North Korea threatened to suspend nuclear talks with America, describing recent remarks from US secretary of state Mike Pompeo’s on the negotiations as “ludicrous”.
Imperial Brands trades in line and unveils £3.1bn credit facility
Imperial Brands said Covid-19 had no material effect on its trading so far as the cigarette and vaping company unveiled a new €3. 5bn (£3. 1bn) revolving credit facility with its lenders.
German unemployment rate steady in March
The number of people out of work in Germany rose a little in March, according to figures released by Destatis on Tuesday.
Falanx secures 'significant' new orders
Cybersecurity provider Falanx Group experienced strong trading with roughly £1m of "significant" new orders between December and mid-February in its cyber division.
Europe open: Stocks rise at quarter's end helped by better news out of Italy and Spain
Stocks across the Continent are trading higher again at the end of what has been a disastrous first quarter, helped by figures pointing to a possible peak in sight for the Covid-19 pandemic in Italy and Spain.
AA puts brakes on dividend as it reports jump in full-year earnings
The AA is to pull its dividend, despite the coronavirus outbreak not yet having a material impact, the motoring group said on Tuesday.
Eurozone inflation slows as energy prices fall
Inflation in the eurozone slowed more than expected in March as the plunging oil price caused energy costs to fall, official figures showed.
Angle UK, US, Canada operations 'severely disrupted' by Covid-19
Liquid biopsy company Angle said on Tuesday that operations in the UK, US and Canada had all been "severely disrupted" by the Covid-19 pandemic.
Polymetal inks sales deal, alliance with Blackham Resources
Precious metals firm Polymetal said it had signed a gold concentrate sales deal and strategic alliance agreement with Australian miner Blackham Resources.
Catenae Innovation cuts costs further after 'disappointing' results
Digital media and technology company Catenae Innovation updated the market on its annual report, trading and the impact of the Covid-19 coronavirus pandemic on Tuesday, reporting that it would be unable to post its annual audited accounts for the year ended 30 September by the 31 March deadline under AIM rule 18.
Quixant reports weaker revenue, withdraws guidance
Gaming and broadcast technology company Quixant updated the market on its 2019 trading, as well as its current situation given the Covid-19 coronavirus pandemic on Tuesday, reporting a 20% fall in revenue for the year, to $92. 3m.
UK growth stagnated as virus crisis loomed
UK growth stagnated in the final quarter of 2019, putting the economy in a weak position as the coronavirus crisis loomed, official figures showed.
Hardide H1 revenues surge
Surface coating technology group Hardide saw revenues surge 25% year-on-year in the six months ended 31 March on the back of strong demand from customers in the oil and gas, flow control and precision engineering sectors.
Rotork joins growing list of firms to pull dividend
Rotork has pulled its dividend and suspended pay rises after the coronavirus outbreak forced the engineering firm to shut factories worldwide.