Latest News
Berenberg upgrades Barratt Developments and Crest Nicholson to 'buy'
Analysts at Berenberg upgraded construction firms Barratt Developments and Crest Nicholson from 'hold' to 'buy' on Tuesday, stating it was "challenging the rate rise narrative".
4basebio enters development deal with T-cell therapy firm Leucid
Life sciences company 4basebio announced a joint development agreement between its wholly owned-subsidiary 4basebio Discovery and Leucid Bio on Tuesday, which it said was pioneering “next-generation” chimeric antigen receptor T-cell (CAR-T) therapies for hard-to-treat cancers.
Canada's Magna puts $10m into Seeing Machines' $41m fundraise
Computer vision technology company Seeing Machines raised $41m (£30. 4m) before expenses in a placing and subscription on Tuesday, which it planned to spend on growing its presence in the driver monitoring systems market.
'Unprecedented' revenue growth leads to record first-half for Victoria
Flooring company Victoria reported “unprecedented” 30% growth in like-for-like organic revenue in its interim results on Tuesday, leading to all-time record operating results.
IG Design confident despite 'challenging' first half
Greeting card and giftware designer IG Design Group reported a “challenging” first half on Tuesday, with cost headwinds and supply chain limitations leading to lower-than-expected revenue and reduced year-on-year operating margins, despite strong demand.
TinyBuild buys Versus Evil, Red Cerberus in deal worth up to $31m
Video game developer and publisher TinyBuild announced the acquisition on Tuesday of United States-based Versus Evil, which publishes “acclaimed” titles including The Banner Saga, as well as its Brazil-based games service provider subsidiary Red Cerberus.
Tremor in contact with third party amid shareholder pressure
Advertising technology company Tremor International responded to speculation that it was facing pressure to consider a sale on Tuesday, confirming that it had been in contact with an unnamed third party.
Eurasia Mining confirms possibility of Moscow dual listing
Palladium, platinum, rhodium, iridium and gold producing company Eurasia Mining responded to media speculation on Tuesday around the possibility of listing on the Moscow Exchange, while retaining its listing on AIM.
Europe midday: Stocks come off intra-day lows
European stocks were holding lower come midday as a spike in Covid-19 cases hit investor sentiment, although they had come off their worst levels.
Eurozone business activity unexpectedly jumps but outlook darkens
Business activity across the Eurozone unexpectedly strengthened in November, a closely-watched survey showed on Tuesday, but record inflationary pressures and surging Covid-19 cases weighed on the outlook.
London midday: Stocks pare losses as investors mull PMIs
London stocks had pared earlier losses by midday on Tuesday, helped along by some well-received results and a strong showing in the housebuilding sector, as the latest PMIs reinforced expectations of a rate hike next month.
Knights Group performing well despite costs of expansion
Legal and professional service provider Knights Group reported first-half revenue of £59. 7m in a trading update on Tuesday, representing year-on-year growth of 29%.
Bitcoin lowers slightly as experts eye $49,000
Bitcoin maintains its bearish tone on Tuesday, after the Nov. 22nd session stretched its recent lows to the vicinity of $55,500, according to CoinMarketCap. Following news that Jerome Powell will renew his term at the head of the Federal Reserve for another four years, with Governor Lael Brainard as vice chair, experts believe the central bank will keep the stimulus of tapering, which has again boosted the dollar and punished digital assets.
Rate rise given 'green light' as demand and costs surge - survey
Consumer demand jumped alongside surging input costs in November, a closely-watched survey showed on Tuesday, fuelling expectations that the Bank of England could put rates up next month.
Ofcom ends competition probe as PayPoint agrees to pay £12.5m
Energy regulator Ofgem said on Tuesday that it will put an end to an investigation into PayPoint after it agreed to pay £12. 5m to address competition concerns.
International PPL portfolio continue to achieve 'strong and sustainable performance'
Investment firm International Public Partnerships revealed on Tuesday that it had continued to achieve a "strong and sustainable performance" from its investment portfolio.
Asia report: Markets finish mixed as Chinese tech plays weaken
Markets closed in a mixed state in Asia on Tuesday, with technology shares a particular point of pain in the region, as investors reacted to the news that US President Joe Biden had renominated Jerome Powell as chair of the Federal Reserve for a second term.
Goldman offshoot Petershill Partners performing in line post-IPO
Private equity investment company Petershill Partners reported aggregate partner-firm assets under management of $203bn at the end of its third quarter on Tuesday, growing 8% during the quarter and 35% year-on-year.
Mortality claims and vaccine hesitancy a concern for Old Mutual
Old Mutual reported an 18% improvement in life annual premium equivalent (APE) sales in an unscheduled trading update on Tuesday, to ZAR 8. 14bn (£390m).
Barclays tells clients that its 'too early to sell' European stocks
Equity strategists at Barclays told clients that it was still too early to sell European stocks, arguing that the fundamentals should prevail even if the so-called 'contrarian' bearish view paid off at some point.