Market Pulse
Anglo American subsidiary invests in platinum technology funds
Anglo American announced on Tuesday that its 78%-owned subsidiary Anglo American Platinum, via its own subsidiary Anglo Platinum Marketing, has subscribed for interests in two UK-based venture capital funds with a total aggregate commitment of $100m.
Ascential completes sale of exhibitions after shareholders approve
Specialist information company Ascential confirmed the completion of the disposal of Ascential Exhibitions to ITE group on Tuesday, for a total cash consideration of £300m on a cash and debt free basis, subject to a normalised working capital adjustment.
FirstGroup 'examining all avenues' to deliver shareholder value
Investors in passenger transport operator FirstGroup heard how overall trading performance had been “in line with plans” in the first quarter on Tuesday, as they prepared for the company’s annual general meeting.
Rio Tinto reports 'solid' production performance in second quarter
Rio Tinto issued its second quarter production results on Tuesday, reporting Pilbara iron ore shipments of 88. 5 million tonnes on a 100% basis, which was 14% higher year-on-year, benefiting from better weather and apparently reflecting improved productivity across the system.
Ideagen revenues up 33% in 9th consecutive year of growth
Software supplier Ideagen turned in a ninth consecutive year of positive results on Tuesday thanks to organic growth and acquisitions.
Bodycote to open UK aerospace, power generation facility
Bodycote said on Tuesday that it planned to open a new facility aimed at supporting the aerospace and power generation markets in the UK and Europe.
Goldman Sachs upgrades ASOS on higher revenue forecasts
Online fashion retailer ASOS rose on Tuesday as Goldman Sachs upped the stock to 'buy' from 'neutral' and lifted the price target to 7,900p from 7,100p on the back of higher revenue forecasts.
British Land makes 'active start' to year, though retail still a struggle
Investors in British Land heard how the company made an “active start” to the year on Monday, with the board saying that along with its joint venture partner, it completed on the sale of 5 Broadgate for £1bn, in line with book value.
Image Scan to acquire Todd Research
X-ray imaging specialist Image Scan has entered into a conditional agreement to acquire British developer and manufacturer of X-ray systems for security purposes, Todd Research, from Supply 999 for £3. 25m.
Europe open: Stocks slip as investors eye Powell testimony
European stocks slipped in early trade on Tuesday following uninspiring US and Asian sessions, as investors eyed a speech by Federal Reserve chairman Jerome Powell later in the day.
London open: Stocks steady as investors eye jobs data; housebuilders rally
London stocks were steady at the open on Tuesday as investors eyed a slew of key jobs data, but housebuilders racked up healthy gains following a well-received update from Galliford Try.
Dairy Crest Q1 trading in line, maintains full-year guidance
Dairy Crest maintained its outlook for the year on Tuesday as it said trading in the first quarter has been in line with its expectations.
Fintech firm Revolut reports suspected money laundering to UK authorities
Revolut, the UK’s fastest-growing financial technology company, has reported a spate of suspected money laundering to the UK authorities, the Financial Times reported.
London pre-open: Stocks seen muted ahead of jobs data
London stocks were set for a muted open on Tuesday, steadying after the previous session's losses as investors eye a slew of key jobs data.
Tuesday newspaper round-up: Netflix, equality, Brexit, investment platforms
Netflix, the streaming giant behind hits like The Crown and Stranger Things, missed its own forecasts by more than a million subscribers, sending its shares down sharply. The company second-quarter results, announced on Monday, spooked investors and suggested the company’s explosive subscriber growth may now be slowing. Netflix shares fell 14% to $346. 05 in after-hours trading in New York. For the second quarter, Netflix reported a profit of $384. 3m, or 85 cents a share, up from $65.
US close: Markets mixed as Trump bizarrely defends Russia
Stocks on Wall Street finished mixed on Monday as investors digested earnings from Bank of America and BlackRock, and reacted to a bizarre summit between Donald Trump and Russia's Vladimir Putin, in which the former blamed his own country for rigging the 2016 election which led to his presidency.