Latest News
Burford Capital files for Wall Street listing
Burford Capital has begun the formal process of seeking a US listing, the litigation finance firm confirmed on Tuesday.
Pure Gold upbeat on latest Red Lake drilling results
Pure Gold Mining announced on Tuesday that underground exploration drilling at the Red Lake Mine, initiated in June, intersected high-grade gold mineralisation from both infill and step-out drill holes.
Zenith Energy enters joint venture deal with Congolese firm
Africa-focussed oil and gas development and production company Zenith Energy has entered into a joint venture agreement with a local energy player in the Republic of the Congo, it announced on Tuesday.
Polypipe to cut 250 jobs but says trends improving
Polypipe announced plans on Tuesday to cut around 250 jobs due to the impact of the coronavirus pandemic, but said it had seen an improvement in trading since its last update in May.
London midday: Stocks fall further as EC cuts growth forecasts
London stocks had fallen further into the red by midday on Tuesday as the European Commission slashed its growth forecasts, with concerns about a rise in new coronavirus cases continuing to weigh on sentiment.
European Commission slashes 2020 economic forecasts
Brussels has slashed its economic forecasts and warned that the European Union will suffer a deeper-than-expected recession because of the Covid-19 crisis.
FinnCap posts record quarter as clients raise cash
FinnCap reported its best ever quarter in the three months to the end of June as it advised on fundraising for companies investing in Covid-19-related projects and strengthening their balance sheets.
Whitbread sales slump as Covid-19 lockdown hits Premier Inn
UK first quarter like-for-like sales slumped at Premier Inn owner Whitbread, reflecting the full impact of the coronavirus lockdown although it reported good summer demand for tourist destinations.
US considers banning TikTok and other Chinese social media
The US is reportedly considering banning TikTok and other Chinese social media apps, Secretary of State Mike Pompeo said Monday.
Petropavlovsk court application to be heard Tuesday
Russian miner Petropavlovsk said a court hearing for to consider an application to remove existing board members had been adjourned to later Tuesday.
Liberum raises target price on LondonMetric
Analysts at Liberum raised their target price on British property company LondonMetric from 180. 0p to 210. 0p on Tuesday, stating the group's valuation was supported by a 4. 0% dividend yield.
Novavax awarded $1.6bn in coronavirus vaccine funding
Novavax said on Tuesday that it has been awarded $1. 6bn in government funding to develop its Covid-19 vaccine.
Europe open: Stocks drop as Commission lowers outlook, flags risks
Stocks across Europe were giving back the prior day's gains on Tuesday as the European Commission sounded a note of caution on the economic outlook and still worrisome headlines around the coronavirus pandemic continued to roll in.
Asia report: Markets mixed as RBA keeps rates at record low
Markets in Asia finished in a mixed state on Tuesday, with stocks in China in the green once more, as Australia’s central bank stood pat on its monetary policy.
Top Fed official warns US recovery could stall - report
A top Federal Reserve official has warned the US economic revival could stall because of the recent increase in Covid-19 infections in large southern and western states.
Collagen Solutions signs deal with Halma acquisition NovaBone
Biomaterials and regenerative medicines developer Collagen Solutions has entered into a new minimum three-year agreement with NovaBone Products - a designer and manufacturer of US FDA-cleared synthetic bone grafts - it announced on Tuesday.
Avingtrans maintains 'strong' balance sheet, secures new nuclear contracts
Engineering group Avingtrans said on Tuesday that its balance sheet had remained "strong" throughout the Covid-19 pandemic, with its presence in multiple market sectors and the "resilience and strength of covenant" of many of its customers meaning that it could continue to operate at close to normal levels.
Halfords cautious on outlook despite strong bike sales
Halfords said it was cautious about its outlook as the car accessories and bicycle retailer reported better-than-expected recent trading based on strong bike sales.
JD Sports calls for 'rental realism' as Covid-19 hits footfall
JD Sports Fashion said footfall was weaker in stores reopened after lockdown and called for "rental realism" from landlords as the sportswear chain reported record profit for the year to the start of February.
Altitude Group continues to withhold guidance
Marketplace operator Altitude Group withheld guidance again on Tuesday but sought to reassure investors that it remained "focused, nimble and responsive" to the current crisis posed by the Covid-19 pandemic.