Latest News
Sylvania Platinum confident in future despite market difficulties
Sylvania Platinum reported record platinum group metals (PGM) performance from Tweefontein in its first quarter on Tuesday, contributing towards Sylvania Dump Operations (SDO) achieving 15,771 4E PGM ounces in the three months ended 30 September despite the temporary production suspension at Lesedi, though that was down from 16,289 ounces quarter-on-quarter.
UK retail stock shortages worst for 35 years - CBI
Shortages of retail products hit a level not seen for more than 35 years in October as stock failed to keep pace with rising demand, a survey showed.
London midday: Stocks gain as Reckitt, Whitbread rally after results
London stocks had extended gains by midday on Tuesday after a solid session in the US which saw the Dow and S&P 500 hit record highs, underpinned by well-received results from the likes of Reckitt Benckiser and Whitbread.
Berenberg raises target on Hollywood Bowl
Analysts at Berenberg raised their target price on ten pin bowling centre operator Hollywood Bowl from 280. 0p to 300. 0p on Tuesday, stating there was a "strikingly obvious upside" to the stock.
Europe midday: Shares extend gains on earnings; THG plunges again
European shares extended morning gains on Tuesday, as strong earnings from Facebook overnight were augmented by solid results by UBS and Reckitt Benckiser.
Franchise Brands Q3 underlying earnings hit record level
Multi-brand franchise business Franchise Brands said on Tuesday that it had continued to perform strongly during the third quarter, with adjusted underlying earnings reaching a record level.
Europe open: Shares up strong on Wall St but Softcat out of favour
European shares opened higher on Tuesday, boosted by record closes on Wall Street overnight and strong earnings from Facebook.
Saudi Aramco boss warns of lack of crude oil production capacity
Saudi Aramco 's boss warned on Tuesday of a lack of crude oil production capacity.
Sunak to lift public sector pay freeze in latest pre-Budget disclosure
UK Finance Minister Rishi Sunak has confirmed reports her will lift a public sector pay freeze when he presents his budget on Wednesday.
Whitbread paying higher wages, bonuses to keep staff as losses narrow
Premier Inn owner Whitbread said interim losses narrowed as sales rebounded, with room revenues potentially hitting full recovery next year and added it was paying higher wages and a retention bonus to combat labour shortages.
Bitcoin survives profit-taking and receives support from Musk and Mastercard again
Bitcoin has left behind the setbacks of the past weekend, by achieving 5% gains on Monday that are being maintained on Tuesday, with the largest asset by market capitalization trading around $62,500. Tesla and Elon Musk boosted the price by declaring the company might return to accepting payments in Bitcoins. Mastercard contributed to the rise as well with the announcement that it will integrate into its payment network the option to buy, sell and hold cryptocurrencies through a fusion with the Baktt platform.
Selloff in housebuilding sector presents opportunities, says Citi
The recent selloff in the housebuilding sector presents opportunities with significant growth and yield attractions, Citi said in a note on Tuesday.
Providence mobilises survey vessel to Barryroe field
Ireland-focussed energy company Providence Resources updated the market on its operations on the Barryroe field on Tuesday, which lies in water 100 metres deep in the North Celtic Sea Basin, about 50 kilometres off the south coast of Ireland.
Asia close: Stocks buoyed by record highs on Wall Street, Chinese names dragged lower by talk of property taxes
It was a mostly risk-on session for Asia Pacific stocks on Tuesday, with investor sentiment buoyed by fresh record highs overnight for the Dow Jones Industrials and S&P 500.
Yourgene Health interim revenues grow 'strongly'
Molecular diagnostics group Yourgene Health said on Tuesday that interim revenues grew strongly to £17. 5m, more than double the £8. 2m recorded in the prior year and ahead of previous guidance of £15. 0m.
Tremor inks content deal for Hisense smart TV system
Video and connected television advertising company Tremor International announced a “global and exclusive” strategic partnership with VIDAA, a smart TV operating system and content platform preinstalled on most television sets manufactured by Chinese consumer electronics marque Hisense.
Oxford Metrics' Vicon subsidiary inks contract with Dimension Studios
Software firm Oxford Metrics said on Tuesday that its Vicon subsidiary has secured a new contract with Dimension Studios, a volumetric content and virtual production outfit.
IG Design lowers earnings expectations amid supply-chain crunch
Stationery and giftware company IG Design Group reported first half like-for-like revenue up 11% on the prior year on Tuesday, and up 5% on pro forma revenues for the six months to 30 September 2019, pre-pandemic, while it lowered earnings expectations amid substantial supply-chain disruption.
Palace Capital Chairman Davis to stay until end of 2021
Palace Capital said departing chairman Stanley Davis had agreed to stay on until the end of 2021 while it looks for a replacement.
Strix launching two new instant hot water products
Kettle safety and potable water technology company Strix Group announced the launches of Aurora and Dual Flo as “key extensions” of its small domestic appliances category on Tuesday.