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Alpha FX reports 'continued strength' into new year
Foreign exchange risk management and alternative banking provider Alpha FX Group updated the market on its performance in 2020 on Tuesday, reporting continued strength since its last update in early December.
Alibaba driver sets fire to himself in protest over unpaid wages
A delivery driver for Alibaba set himself on fire in protest over unpaid wages.
Moonpig becomes latest company to pursue London IPO
Online card retailer Moonpig has unveiled plans for a potential £1bn London listing following a surge in revenues.
Merkel warns restrictions may be extended 10 weeks due to new Covid-19 strains
Germany may need to extend its existing Covid-19 lockdown measures for 10 weeks, Chancellor Angela Merkel reportedly warned.
Tuesday broker round-up
Clarkson: JP Morgan downgrades to neutral with a target price of 2,960p.
330 jobs set to go at Royal Dutch Shell's North Sea operations
Oil giant Royal Dutch Shell announced plans to cut 330 mostly administrative jobs in Aberdeen as it reacts to weaker global demand for oil.
JPMorgan downgrades Clarkson to 'neutral'
JPMorgan Cazenove downgraded its stance on shipping services company Clarkson to ‘neutral’ from ‘overweight’ as it took a look at the European logistics sector.
JP Morgan stays 'underweight' on Ashmore and Hargreaves Lansdown due to valuations
Analysts at JP Morgan reiterated their 'underweight' stance on shares of asset managers Ashmore and Hargreaves Lansdown, arguing that their valuation premium versus peers was too generous.
John Menzies FY revenues drop 37%, in line with expectations
Aviation services company John Menzies reported a drop in full-year revenues on Tuesday, in line with its expectations, as it said activity picked up in the third quarter but took a hit again in the final quarter of the year as further Covid restrictions were introduced.
ITM Power enters partnership with Australia's Optimal Group
Energy storage and clean fuel company ITM Power announced a partnership agreement with sustainable energy company Optimal Group on Tuesday, to support sales activity in Australia.
Johnson Service Group still feeling impact of lockdowns
Textile services provider Johnson Service Group updated the market on its trading in 2020 on Tuesday, reporting that since its last update in November, it was still being impacted by the various lockdowns and tiered Covid-19 restrictions across the UK, particularly in its hotel, restaurant and catering division.
Ferrexpo sees 22% jump in iron ore production
Ferrexpo reported a jump in quarterly production on Tuesday after the successful ramp up of its concentrator expansion project.
Europe midday: Shares run out of steam on persistent Covid worries
European shares had slipped from morning gains by lunchtime on Tuesday as continuing concerns about the Covid pandemic and poor UK retail sales put the brakes on sentiment.
London midday: Stocks fall amid Covid worries, after retail sales data
London stocks had fallen into the red by midday on Tuesday amid ongoing concerns about the Covid-19 pandemic and the potential for tighter restrictions, as investors digested dire UK retail sales figures.
FBI fears more 'armed protests' in US state capitols
The FBI has warned of alleged plans to storm all 50 state capitols and the US Capitol in Washington in the leadup to President-elect Joe Biden's inauguration, media reported overnight Tuesday.
Hut Group ups 2021 forecasts after strong end to the year
THG has increase its revenue forecasts for the current year after fourth-quarter sales comfortably beat expectations.
EU asks Iran to reverse decision on uranium enrichment to save 2015 accord
Iran must reverse its decision to enrich uranium up to 20% if it wants to save the 2015 nuclear accord, the European Union said in a statement on Monday.
US small business sentiment sinks in December - NFIB
Small business sentiment in the US unexpectedly deteriorated in December, according to the latest survey from the National Federation of Independent Business.
Deutsche Bank to cut business ties with Trump after Capitol attack
Deutsche Bank said it would no longer do business with US President Donald Trump or any of his companies in the future after his supporters stormed the US Capitol building last week.
BoE governor warns of difficult period ahead for UK economy
Andrew Bailey, the governor of the Bank of England, has warned that the UK faces a "very difficult" period following the resurgence of Covid-19.