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EU opens antitrust investigation into Google's ad unit
The European Commission opened an antitrust probe on Tuesday into whether Google’s advertising unit favours its own online display ad services.
Facebook virtual reality ad partner abandons project
Facebook’s first partner for advertising in its virtual reality headset, Blaston, has pulled out of the initiative less than a week after it was announced.
US close: Stocks extend rally following Powell's testimony
Wall Street stocks closed higher on Tuesday after the Dow Jones Industrial Average turned in its best performance since March a day earlier.
Powell sticks to forecast for inflation to fall back to target
The head of the US central bank doubled down on forecasts for slower inflation as the country's economy reopens.
Wednesday preview: Global PMIs, Berkeley Group in focus
Financial markets' focus in the middle of the week will be on a raft of closely-followed activity surveys on both sides of the Atlantic.
Europe close: Stocks finish higher ahead of testimony from Fed's Powell
European shares finished mostly higher on Tuesday and at their best levels of the session, helped by positive comments from the European Central Bank chief and the continuing advance on Wall Street.
US Commerce Department rescinds banned transactions with TikTok, WeChat
The US Commerce Department said late on Monday it was rescinding a list of prohibited transactions with TikTok and WeChat that were issued during the Trump administration in September.
Citi prefers Ryanair, Wizz Air and IAG among European airlines
Citi recommends investors tread more carefully in the European airlines sector given the changed landscape in the wake of the pandemic.
London close: Stocks finish stronger ahead of Powell speech
London stocks closed in positive territory on Tuesday, underpinned by a strong showing in the property sector, as investors got their trades in ahead of a speech by US Federal Reserve chair Jerome Powell.
Director dealings: Renalytix AI interim chairman makes share sale
Renalytix AI revealed on Tuesday that interim chairman Christopher Mills had disposed of 17,000 ordinary shares in the AIM-listed artificial intelligence firm.
Capital Metals progresses Eastern mineral sands project
Sri Lanka-focussed natural resources developer Capital Metals updated the market on progress at the Eastern mineral sands project on Tuesday, reporting that it was in the final stages of the environmental impact assessment process, having completed all necessary workstreams.
Broker tips: British Land, Land Securities, Pennon, United Utilities, SSE
JP Morgan upgraded British Land and Land Securities to 'overweight' on Tuesday, supported by a prediction that retail property values were recovering.
Trackwise Designs extends deal with EV manufacturer
Printed circuit technology company Trackwise Designs announced an extension and amendment to its product manufacture and supply agreement with a UK-based manufacturer of electric vehicles, originally announced in September 2020.
Travel industry criticises UK government for Covid-19 restrictions
The travel industry hit out at the UK government for “looking away during its darkest hour” and imposing harsh Covid-19 restrictions as the sector struggles to stay afloat.
Losses widen for TomCo Energy
Oil development company TomCo Energy reported an operating loss of £0. 74m in its interim results on Tuesday, widening from £0. 38m a year earlier.
Senior rejects fifth and final offer from Lone Star
Aerospace engineer Senior said on Tuesday that it has rejected a fifth and final takeover approach from US private equity firm Lone Star valuing the group at around £839m.
US open: Major indices slightly higher ahead of Powell testimony
Wall Street stocks were in the green early on Tuesday after the Dow Jones Industrial Average turned in its best performance since March a day earlier.
US existing home sales dip again in May, but stabilisation seen ahead
Existing home sales in the States fell for a fourth straight month in May with economists divided on the reasons behind the slowdown.
FTSE 250 movers: Travis Perkins surges; Capita gives back some gains
London's FTSE 250 was up 0. 8% at 22,634. 21 in afternoon trade on Tuesday.
Former Citi economist Catherine Mann appointed to MPC
Former Citibank economist Catherine Mann has been appointed to the Bank of England’s rate-setting committee, Chancellor Rishi Sunak confirmed on Tuesday.