Market Report
US close: Stocks end mixed; technology sector drags
US stocks ended mixed in a narrow range on Tuesday, with gains on the back of rallying oil prices offset by weakness in the technology sector, which weighed on the Nasdaq.
Commodities: Silver futures flirt with bull market
Industrial metals and crude oil futures continued rising, with investors in the latter keeping a close eye on Kuwait's oil sector as they tried to determine for how long supplies from the Gulf country might be curtailed by a strike among its public sector workers.
Sector movers: Miners surge, steel demand strong survey says
Shares in miners surged again as sentiment towards the sector continued to thaw on Tuesday, amid more bullish views from some strategists in the previous session and a soft US dollar.
Europe close: Stocks jump as metals' prices, miners' shares surge
European stocks rose on Tuesday, supported by a rebound in oil prices and a better-than-expected reading on German investor confidence.
London close: FTSE closes higher as miners rally
The FTSE 100 closed in the black on Tuesday, bolstered by a rally in mining stocks as metal and oil prices jumped.
Small caps news round-up
Gresham House announced the appointment of Kevin Acton as its new finance director on Tuesday, taking up the post on 6 June. The AIM-traded specialist asset manager said 38-year-old Acton was joining Gresham House from Oaktree Capital Management, where he was senior vice president responsible for finance and operations in the European Principal team covering three private equity and two debt opportunity funds, with combined assets under management of €5. 5bn.
FTSE 100 movers: Miners gain as metals prices rally; Fresnillo shines
London’s FTSE 100 index was up 0. 4% to 6,380. 06 in afternoon trading, with heavily-weighted miners pacing the advance.
US open: Stocks mostly higher as oil prices rise
US stocks were mostly higher on Tuesday as oil prices regained strength from post-Doha meeting lows.
Director dealings: Tribal Group take up shares as rights issue completes
Tribal Group's chief executive, chairman and a senior independent director have all subscribed to a total of £1. 25m worth of new shares in the cash-strapped company as it looked to shore up its balance sheet after a tough 2015.
Broker tips: Premier Foods, Fresnillo, Ashmore Group
Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick.
Wednesday preview: ARM Holdings first quarter, UK jobs data
Chip maker ARM Holdings reports its first quarter interims on Wednesday amid concerns that demand may recede.
Tuesday newspaper share tips: Premier Oil, Tullow Oil, Hurricane Energy
When capital and labour clash, the former is likely to come out on top, something which some UK oil explorers should note, the Financial Times’s Lex column said.
Goldman Sachs takes massive hit from difficult markets, volatility in Q1
Goldman Sachs's sales and profits took a massive hit in the first three months of the year as the venerable Wall Street firm was impacted by difficult conditions for market-making at its key trading unit – known by the acronym FICC - and volatility in equities.
Tesco Bank takes on high street lenders with new mortgage broker offer
Tesco's banking arm has set out plans to increase its lending by offering mortgages through independent brokers.
FTSE 250 movers: Board expectations lift AVEVA, Meggitt
The FTSE 250 was keeping its head above water on Tuesday afternoon, as oil prices continued their recovery.
Karelian Diamond Resources acquires new Finnish mining permit
Karelian Diamond Resources has agreed to acquire a diamond mining permit over the Lahtojoki project in Finland, which it predicts can become a profitable low strip ratio open pit diamond mine.
Aberdeen appoints Threadneedle COO as head of distribution
Campbell Fleming will be stepping down from his role as EMEA chief executive and global chief operating officer of Columbia Threadneedle Investments to join Aberdeen Asset Management as global head of distribution.
Tuesday broker round-up
Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target.
US housing starts fall more than expected in March
US housing starts fell a little more than expected in March, according to data released by the Commerce Department.
Credit Suisse calls for Premier Foods to start delivering, cuts target price
Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick.