Market Report
Oncimmune continues to make 'good progress' in first half
Early cancer detection company Oncimmune Holdings issued an update to the market on is business on Tuesday, ahead of the announcement of interim results expected on 13 February.
Assystem bid for SQS Software Quality goes unconditional
SQS Software Quality confirmed on Tuesday that the offer made for it by Assystem Services Deutschland has been declared unconditional in all respects.
Anglo African appoints new CEO as boardroom shake-up comes to an end
London-based independent developer Anglo African Oil and Gas (AAOG) has appointed a new chief executive officer as part of a major facelift to its boardroom ahead of the TLP-103 drilling campaign at its Tilapia oil field project in the Congo.
Tlou Energy sees 'excellent data' from seismic survey
Tlou Energy told investors on Tuesday that it had reached several key milestones in the development of its coal bed methane operations in Botswana, highlighting the "excellent data" seen from a seismic survey across the Lesedi and Mamba project areas.
To Infinity and Beyond: Morgan Stanley raises Netflix target price
Analysts at Morgan Stanley reiterated their 'overweight' recommendation on Netflix following the video streaming giant's latest quarterly update, lifting their target price on the stock to $275 in the process.
US imposes 'America First' tariffs on washing machines and solar panels, analysts sanguine
The White House has approved 30% tariffs as part of its new 'America First' trading policy in response to Chinese and South Korean manufacturers who are "damaging" domestic production.
Genel Energy signs extension with Kurdistan government
Oil and gas exploration and production business Genel Energy has reached an agreement with the Kurdistan Regional Government for a twelve-month extension to fulfil the conditions precedent within its gas lifting agreements in the region.
Carrefour plans 2,400 job cuts as partners with China's Tencent
Carrefour is investing €2. 8bn in digital developments and has agreed to form an alliance with Tencent Holdings that could see the Chinese tech firm buy a stake in the French retailer.
Europe midday: Stocks off best levels of the session
Stocks are continuing to trade slightly higher, but off their best levels of the day, on the back of overnight gains on Wall Street and a better-than-expected reading on German economic confidence that sent the Dax racing to a fresh all-time high earlier.
WPP headwinds not seen relenting, Credit Suisse downgrades
WPP is facing flat revenue growth and margins in 2018, with a number of headwinds besides that led Credit Suisse to downgrade its rating on the stock to 'neutral' from 'outperform'.
Smith & Nephew expects lower tax rate from 2018 on US reforms
Medical technology group Smith & Nephew said on Tuesday that changes to the US tax system should reduce its corporate tax rate from 2018 by four to five percentage points.
Serabi Gold arranges extra $3m facility with Sprott
Brazil-focussed gold mining and development company Serabi Gold announced on Tuesday that, following its acquisition of Chapleau Resources and its 370,000 ounce Coringa gold project on 21 December, it has now arranged an additional $3m secured loan with its existing lender, Sprott.
CBI reveals upbeat manufacturing data
The UK’s manufacturing sector performed strongly in the last quarter, according to the latest data from the CBI.
Easyjet's sweet schadenfreude as Ryanair stumbles, others collapse
Easyjet reported 14. 4% higher sales and 1. 6% lower costs for the first quarter of its financial year as it benefited from the bankruptcies of Monarch, Air Berlin and Alitalia and from Ryanair's flight cancellations.
AIM newcomer Boku sees growth across the board
Independent direct carrier billing company Boku issued an unaudited trading update for the year to 31 December on Tuesday - its first since admission to AIM in November.
London midday: Miners weigh as FTSE ekes out small gains
London stocks were still in the black by midday on Tuesday, but gains were minimal as relief over the Senate agreement to end the three-day US government shutdown was offset by weakness in the mining sector.
Asia report: Most markets surge as BoJ stands pat on policy
Most markets in Asia closed well into the green on Tuesday, following a solid finish on Wall Street overnight as US politicians reached a deal to end the government shutdown.
US pre-open: Stocks seen touch lower after record close; earnings in focus
US futures looked set for a slightly lower open on Tuesday following a record close the day before amid signs that the Senate was close to agreeing a temporary deal to end the three-day government shutdown.
Bacardi buys Patron in $5bn deal
Bermuda-based drinks giant Bacardi is to take control of Patrón tequila in a deal valuing the Mexican spirit-maker at $5. 1bn.
Netflix subscriber numbers surge to push market value above $100bn
Netflix bagged 8. 33m new subscribers in a bumper quarter end to 2017 and expects to add 6. 35m more in the first quarter of 2018, news that sent its market value above the $100bn mark overnight.