Market Report
Weak sterling pushes Omega Diagnostics revenue higher
Medical diagnostics company Omega Diagnostics announced on Tuesday that results for the year to 31 March would be in line with market expectations.
Botswana Diamonds venture awarded six new prospecting licenses
Diamond explorer Botswana Diamonds announced the award of six new prospecting licenses in Botswana to Sunland Minerals on Tuesday -the company’s joint venture with Alrosa.
Collagen Solutions reports solid revenue rise
Medical grade collagen component developer and manufacturer Collagen Solutions announced preliminary revenue, including other income, of £4. 1m for the year ending 31 March on Tuesday, up from £3. 2m in 2016.
JPMorgan upgrades Carillion, Kier is top pick, Interserve 'attractive'
Taking a look at the UK construction services sector, JP Morgan Cazenove upgraded Carillon to 'overweight' and said Kier Group remained its top pick for quality.
RBC cautious about Vectura's success with asthma drug
Analysts at RBC downgraded Vectura Group to ‘underperform’ from ‘sector perform’ and cut its price target to 133p from 190p, as it remains cautious about the pharmaceutical’s success with its asthma drug, Advair.
Goldman Sachs takes axe to mining stocks
Goldman Sachs adjusted its ratings on metals and mining stocks on Tuesday as it adopted a tactically bearish stance.
BNN Technology expands commercial partnership with Manchester City
AIM-listed content company BNN Technology has expanded its partnership with Manchester City Football Club.
London open: Stocks flat as investors pause for breath
London stocks were little changed in early trade as investors paused for breath following strong gains in the previous session, when sentiment was underpinned by hopes that centrist Emmanuel Macron will win France's presidential elections.
Hornby defends chairman Canham, says not in best interests to replace him
Model train maker Hornby said that it was not in the best interests of the company or its shareholders to remove chairman Roger Canham from the board and replace him with Alexander Anton.
Plus500 agrees settlement with Belgian regulator
Online trading platform provider Plus500 has reached a €550,000 settlement agreement with the Belgium Financial Services and Markets Authority.
WS Atkins shares keep rising after activist Elliott confirms stake
The takeover of WS Atkins by Canadian rival may not be signed sealed and delivered quite yet, as US activist hedge fund Elliott Advisors has scooped up a 6. 8% stake in the London-listed engineering consultant .
Magnolia Petroleum to participate in 16 new US onshore wells
Oil and gas explorer Magnolia Petroleum is to participate in 16 new onshore wells in the Scoop and Stack plays in Oklahoma, the US.
SDX Energy extends Moroccan permits
North Africa-focussed oil and gas company SDX Energy updated the market on its Moroccan activities on Tuesday, reporting that the Lalla Mimouna Nord and Sud permits, covering an area of more than 2211 square kilometres in the Rharb Basin, were being extended until March 2018.
Stagecoach, Virgin and SNCF team up for west coast partnership rail franchise bid
Transport operators Stagecoach and Virgin Group have teamed up with French high speed operator SNCF to bid for the UK's West Coast rail franchise.
JP Morgan upgrades Weir Group to Outperform
JP Morgan revised its target price on shares of oil equipment manufacturer Weir Group, judging that it had been too cautious regarding the firm's near-term pricing power.
Unisys Corporation narrows loss in first quarter
Information technology company Unisys posted its first quarter financial results on Tuesday, reporting an operating profit margin of -0. 4%, up 370 basis points year-on-year.
Berenberg starts Ascential at 'buy'
Berenberg initiated coverage of B2B media comapny Ascential at 'buy' with a 400p price target.
88 Energy starts drilling at Alaska oil well
Oil and gas explorer 88 Energy has started drilling at its Icewine 2 production test well in the north slope of Alaska in the US,.
Europe open: Slights gains as investors monitor political developments in France
European stocks started the trading session on the front foot with the previous day's intense buying pressure carrying through into Tuesday, as investors monitor political developments in France and ahead of the European Central Bank's policy meeting later in the week.
French business sentiment steady in April
Business confidence in France was steady in April amid improved conditions in the factory sector, offset by a slip in service sector confidence.