Market Pulse
Saudi Arabia earmarks $500bn for new NEOM special economic zone
Saudi Arabia has earmarked $500bn of investment and agreed with neighbours Egypt and Jordan to set aside a 'beautiful and breezy' plot of land to develop technology in nine sectors "targeting the future of human civilisation" as part of the new 'NEOM' project launched on Tuesday.
Europe midday: Stocks track gains on Wall Street, Catalan elections eyed
Stocks are edging higher come midday amid a positive start to trading on Wall Street with the Dow Jones Inudstrials making a fresh push into record territory.
London close: Stocks flat despite downdraft in Sterling
The top flight index was barely able to edge into the black by the closing bell, despite a downdraft in Sterling, with Whitbread on the slide after a disappointing set of interim results.
Wednesday preview: Will UK GDP seal the deal for Bank rate hike?
Wednesday's business diary is front-ended with results from FTSE 100 giants including Antofagasta, GSK and Lloyds, plus the third quarter reading of UK GDP, the index of services and mortgage data to boot.
US open: Caterpillar, 3M results help Dow to new record
The Dow Jones Industrials Average is pushing further into record territory on the heels of a wave of better-than-expected corporate earnings updates.
FTSE 100 movers: Whitbread slides on results but Glencore gains on broker note
London’s FTSE 100 was up 0. 1% to 7,533. 09 in afternoon trade on Tuesday.
FTSE 250 movers: Hunting gushes higher on update; Esure hit by downgrade
London’s FTSE 250 index was down 0. 1% to 20,121. 58 in afternoon trade on Tuesday.
Growth at The Share Centre drives revenue at Share
Share, operator of independent retail stockbroker The Share Centre updated the market on its trading for the third quarter of the financial year to 31 December on Tuesday, reporting that performance in the quarter was in line with upgraded management expectations, with revenues excluding interest increasing 29% year-on-year.
UK regulator launches probe into Equifax data breach
The UK financial watchdog has confirmed it is investigating Equifax's UK over the cyber breach that led to a massive loss of personal data by its US parent.
Greka Drilling awarded two new contracts, reduces board size
Asia-focussed unconventional oil and gas driller Greka Drilling announced on Tuesday that it has been awarded two new drilling contracts in China.
Expanded Premaitha Health trading well, investors told
Investors in non-invasive prenatal testing-focussed molecular diagnostics group Premaitha Health were told of positive commercial progress in the first half of the current financial year on Tuesday, as they gathered for the company’s annual general meeting.
AudioBoom nabs radio man Walters as head of UK sales
Podcast and spoken word audio on-demand platform AudioBoom announced the appointment of Oli Walters as its head of UK sales with immediate effect on Tuesday.
Telit finally gets VoLTE certification on Verizon
Internet of Things-focussed technology company Telit Communications announced on Tuesday that its portfolio of LTE Category 1 modules supporting Voice over LTE (VoLTE) technology were now available for operation on Verizon's 4G LTE network in the United States.
Deltex Medical Group launches 'TrueVue' haemodynamic monitoring system
Oesophageal doppler monitoring company Deltex Medical Group announced the launch of a “revolutionary concept” in advanced haemodynamic monitoring on Tuesday - the ‘TrueVue’ system.
Altitude enters two-year partnership with Florida's Drummond Press
Personalised products marketplace operator Altitude Group announced a new two-year Channl enterprise partnership with Drummond Press on Tuesday.
Starcom signs supply deal worth up to $4.3m
Wireless tracking solutions specialist Starcom announced on Tuesday that it has entered into a three year supply and support agreement with Xplosive Solutions to sell ‘Kylos Forever’ units for the protection and tracking of livestock in South Africa and Australia.
Keywords Studios to buy VMC in largest acquisition to date
Keywords Studios has agreed to buy VMC, a North American provider of video game functional testing and customer support, from Volt for a cash consideration of around $66. 4m.
LXB quietly confident in planning permission at Rushden Lakes
Jersey resident closed-ended real estate investment company LXB Retail Properties updated the market on its proposed development at Rushden Lakes on Tuesday, indicating that it was looking likely that its planning permission had gone unchallenged.
London midday: FTSE flat as Whitbread weighs
London stocks were still hugging the flatline by midday, with Whitbread on the slide after a disappointing set of interim results.
US pre-open: Stocks seen higher as Q3 earnings roll in
US futures pointed to a firmer open on Wall Street on Tuesday as investors braced for more earnings releases.