Market Pulse
Glencore to buy Rio Tinto coal mine for $1.7bn
Glencore has agreed to buy Rio Tinto's 82% interest in the Hail Creek coal mine in Australia for $1. 7bn.
Oxford Nanopore's valuation hits £1.5bn after Asia-Pac funding round
Biotech firm Oxford Nanopore has raised £100m from its latest private funding round, valuing the rapidly-expanding UK group somewhere in the vicinity of £1. 5bn as a result.
Union Jack Oil ups stake in PEDL253 to 22pc
Union Jack Oil announced on Tuesday that it has signed a farm-in agreement for a further 10% licence interest in PEDL253, increasing its economic interest to 22%.
JPM adds Tesco to its European 'best ideas' list
JP Morgan has added Tesco to its list of 'overweight' best European equity ideas while removing Just Eat and Persimmon from the rankings.
Solid winter sees Aggregated Micro Power lift revenue guidance
Distributed energy company Aggregated Micro Power Holdings issued a positive trading update for the 12 months ending 31 March on Tuesday, revising its revenue guidance up in light of positive trading during the colder months.
Amur Minerals shares jump after resource estimate sees 50% expansion
Amur Minerals’ shares soared over 20% on Tuesday after the mineral exploration and development company said its mineral resource estimate (MRE) for the Kun-Manie project expanded by 50%.
ValiRx gets US patent for VAL201 compound
Clinical stage biotechnology company ValiRx announced on Tuesday that the US patent and trademark office has granted the patent application 14/575065 (Anti-Androgen Peptides and Uses Thereof in Cancer Therapy), covering ValiRx's lead therapeutic compound, VAL201, which is in clinical trials.
LiDCO given notice to terminate Argon distribution contract
AIM-quoted hemodynamic monitoring company LiDCO has been given notice to terminate its distribution contract with Argon Medical Devices after seven years of business.
Facebook investigated by US Federal Trade Commission, report says
The US Federal Trade Commission is investigating whether Facebook violated terms of a consent decree covering its use of personal data, according to a report.
Mincon expands in Sweden with Driconeq acquisition
Mincon has completed acquisition of Driconeq AB, the holding company for the Driconeq Group of companies, it announced on Tuesday.
Chinese economic growth continues in March
Economic growth in China continued in March, driven mainly by manufacturing and amid "notable" increases in prices, according to the latest reading for World Economics's Sales Managers' Index.
Asia report: Markets mixed after Wall Street tech slump
Markets in Asia finished mixed on Tuesday, with investors reacting to a small sell-off overnight on Wall Street, and looked forward to the outcome of the Fed’s two-day policy meeting in the US.
IQE's adjusted pretax profit up 18% as business unit's sales rise 109%
Welsh semiconductor technology firm IQE reported on Tuesday that its adjusted profit before tax rose 18% in 2017 to reach £24. 3m when compared to the previous year.
EasyHotel secures lease for 100-room Cambridge hotel
EasyHotel has signed a 25-year lease on a site in Cambridge for the development of a new purpose-built hotel.
EnQuest shares on the rise thanks to Kraken ramp-up
EnQuest saw its EBITDA fall 36. 4% to $303. 6m in its most recent trading year, principally due to a 25% drop in revenue to $635. 2m amid lower realised prices within the company’s hedging programme.
Europe midday: Stocks extend bounce amid global trade worries
Stocks are adding to their early bounce amid the somewhat more optimistic sounding noises coming from global authorities on the outlook for international trade.
Eden Research narrows losses on massive revenue gains
AIM-quoted biopesticide and natural microencapsulation technology firm Eden Research narrowed losses last year thanks to a significant boost in revenue.
FCA ready for 'fundamental reform' of unarranged overdraft fees
The Financial Conduct Authority has underlined its readiness to clamp down on banks' high overdraft charges that disproportionately affect the least well-off.
London midday: Stocks keep grip on gains after softer inflation data
London stocks were holding on to gains by midday on Tuesday, helped along by more deal news and with analysts divided over whether the softer-than-expected UK inflation print will ease pressure on the Bank of England to raise rates in May.
US pre-open: Stocks to edge higher with tech sector in focus on Facebook woes
Stocks on Wall Street looked set for a positive open on Tuesday following heavy losses in the previous session, with the tech sector likely to be in focus again as the latest revelations about Facebook spark concerns of tighter regulatory controls.