Market Report
Morgan Stanley breezes past estimates as bond trading fuels growth
US investment bank Morgan Stanley reported its quarterly earnings on Tuesday, comfortably beating analyst estimates for revenue and earnings per share.
FTSE 100 movers: Rolls-Royce gains on settlement; Intertek slumps on downgrade
London’s FTSE 100 was down 1% to 7,257. 84 in afternoon trade as investors digested Prime Minister Theresa May’s speech outlining the plan for Brexit.
May confirms 'hard Brexit' though final plan will face vote in parliament
Theresa May confirmed the UK will seek a new free-trade agreement rather than membership of the European Union's single market when it leaves the European Union, but said the final Brexit deal will be put to a vote in both houses of parliament.
Giulio Cerroni appointed CEO of IXICO
Brain health company IXICO announced on Tuesday that Giulio Cerroni will be appointed to the board as chief executive officer, with effect from 6 February.
Richard Moulson to join Evgen Pharma as CFO
Clinical-stage drug development company Evgen Pharma announced the appointment of experienced healthcare executive Richard Moulson as its chief financial officer on Tuesday.
Distil's earnings to be ahead of expectations after Christmas sales surge
Distil, the owner of drinks brands RedLeg spiced rum, Blackwoods gin and Jago’s cream liqueur, said earnings for last year are likely to be ahead of expectations due to a surge in sales over Christmas.
Europe midday: Stocks retreat as May outlines Brexit plan; pound bounces briefly
European stocks retreated as UK Prime Minister Theresa May outlined the government’s plans for Brexit in an eagerly-awaited speech.
London midday: Stocks decline as Prime Minister makes Brexit speech
London stocks dropped on Tuesday as traders fixated on a Brexit speech by Prime Minister Theresa May.
Picton disposes of two Bath retail assets
Property investment company Picton announced the disposal of two small, non-core retail assets in Bath for a total of £3. 23m on Tuesday.
Velocys announces 'strategic alliance' with Morimatsu
Small scale gas-to-liquids company Velocys announced on Tuesday that it has signed a memorandum of understanding establishing a strategic alliance with Morimatsu Jiangsu Heavy Industry, a subsidiary of Morimatsu Industry Company.
UK health spending 'unsustainable' unless policy changes - OBR
The Office for Budget Responsibility has warned the UK budget will be harder to balance due to the rising health care costs, with public spending needing to rise by £156bn in coming decades.
Asia report: Markets mixed as traders look to Theresa
Asian markets were mixed on Tuesday, with investors keeping their wallets closed ahead of an expected speech from UK Prime Minister Theresa May on the direction the country will be taking to navigate Brexit.
US pre-open: Stocks seen lower ahead of Morgan Stanley earnings, May speech
US futures pointed to a weaker open on Wall Street as investors eyed earnings from banking giant Morgan Stanley and a speech by UK Prime Minister Theresa May.
Onzima Ventures agrees to buy remaining 51% of N4 Pharma
AIM-listed Onzima Ventures has agreed in principle to buy the 51% of N4 Pharma it does not already own.
ONS house price index rebounds for first time since Brexit vote
UK house prices rose in November for the first time since July, according to the Office for National Statistics on Tuesday.
German ZEW economic sentiment improves less than expected in January
German economic sentiment improved less than expected in January, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
7Digital meets profit target as it benefits from strong dollar
Business to business music and radio company 7Digital met its profit target for the year, aided by a strong dollar against sterling, while it won new contracts.
UK inflation surges more than expected, ONS reveals
UK inflation surged more than expected to 1. 6% by the end of December, according to official data published on Tuesday, the highest level since July 2014.
Reeken Patel joins Novae as finance chief
Novae Group announced the appointment of Reeken Patel as executive director and group chief financial officer, on Tuesday.
Nature Group sells loss-making Gibraltar subsidiary for £4m
Nature Group, a provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, has brought an end to an “unhappy chapter” in its history by selling its loss-making Gibraltar subsidiary, but warned that its losses for the year would widen “substantially”.