Market Report
Results round-up
In the 15 weeks to 17 June, LFL sales declined 0. 9%, or 2. 4% at constant currency, as the company highlighted a "more volatile" UK trading environment in the second half of the year. However, it said its targeted destination categories of beauty, accessories and food & drink have helped to mitigate the impact of a weaker clothing market. With 13 new food offers in the period, food sales have risen 5%.
Broker tips: Easyjet, IAG, Ryanair, Debenhams, Northgate
Bernstein sounded a cautious note on the European airlines on Monday, telling clients that the strongest phase of the cycle was now past.
Bernstein initiates easyJet, IAG at 'outperform'
Bernstein sounded a cautious note on the European airlines on Monday, telling clients that the strongest phase of the cycle was now past.
US house price growth slows in April - S&P/Case-Shiller
House price growth in the US unexpectedly slowed down in April, according to the S&P/Case-Shiller National Home Price Index.
Numis stays at 'add' on Northgate with 600p target price
Analysts at Numis stuck to their 'add' recommendation and 600. 0p target price for shares of Northgate.
LMS Capital ups tender offer to shareholders
LMS Capital updated the market on its ongoing tender offer to shareholders on Tuesday, having initially announced its £6m offer on 6 June, before being notified of a forthcoming distribution of between $11m and $12m from San Francisco Equity Partners on 15 June, following that organisation’s partial realisation of its stake in YesTo.
Asia report: Markets mixed as traders watch for central bank signals
Asian markets finished mixed on Tuesday, with traders keeping their wallets in their back pockets ahead of a slew of key central bank signals.
Europe midday: Stocks slip as ECB chief strikes more confident note
A more confident tone from European Central Bank chief Mario Draghi and a profit warning from a German auto parts maker combined to send stocks lower across the Continent.
EU Supply receives first contract under customer framework
E-procurement software provider EU Supply announced on Tuesday that it received its first contract pursuant to the new framework agreement entered into with an existing unnamed customer for additional services to its CTM platform, as announced by the company on 16 June.
Italian consumers and businesses grow more confident in June
Italian businesses and consumers were in a chipper mood in June amid improved perceptions of the economic environment and as order books grew.
US pre-open: Stocks seen lower ahead of Yellen speech
US futures pointed to a lower open on Wall Street on Tuesday as investors eyed a speech by Federal Reserve chair Janet Yellen.
London midday: Stocks tick down as BoE orders banks to boost capital buffers
London stocks had ticked a touch lower by midday despite a solid showing in the mining sector, as investors mulled news that the Bank of England will force banks to bolster their capital buffers to deal with bad debts.
China is steady, we are capable of achieving main targets says Premier
China, the world's second largest economy, is capable of achieving its full-year growth target and controlling systematic risks despite challenges,announced Premier Li Keqiang on Tuesday at the World Economic Forum in Dalian, China.
Google slapped with record €2.4bn fine by EU
The European Commission has hit US tech giant Google with a record €2. 4bn fine for promoting its own shopping comparison service ahead of competitors.
Allied Irish Banks surges in market debut
Shares in Allied Irish Banks opened more than 8% higher in their trading debut on Tuesday, after the government, which owns 99. 9% of the bank, sold a 25% interest.
Stada slumps as Bain/Cinven offer fails
Shares in German pharmaceutical group Stada slumped on Tuesday after a takeover by private equity firms Bain Capital and Cinven failed to win the required shareholder support.
BoE orders banks to bolster capital buffers
Banks will be made to set aside an extra £11. 4bn in the next 18 months to protect themselves against bad loans.
High street sales pick-up in June CBI says
Sales volumes on the High Street perked up in June but were expected to stall again in July, the results of a survey showed.
3i Infrastructure 'considering its options' over AWG
3i Infrastructure has confirmed that it is "considering its options" in relation to its interest in Anglian Water Group.
Frenkel Topping no longer looking for a suitor
Frenkel Topping issued an update to the market on Tuesday morning, confirming it had concluded the strategic review announced on 3 April.