Market Report
Don't judge Trump by 'your theory about what might be his results', says commerce secretary
Donald Trump's commerce secretary Wilbur Ross told "naysayers" not to judge the president on what they believe could happen, but instead to focus solely on what does happen.
FX round-up: Pound holds up despite bid for the dollar, weak CPI
Sterling was well-behaved against the backdrop of an up day for the US dollar, as investors waited on policy announcements from the US Federal Reserve and the Bank of England scheduled for over the next two days.
Commodities: WTI, Brent push higher ahead of updates on stockpiles
A renewed push higher in energy futures helped to more than offset weakness in base metals ahead of weekly updates on the state of US oil inventories and a key US central bank policy meeting.
Europe close: Stocks stage modest rebound
Stocks recouped part of the previous day's losses amid the somewhat more optimistic sounding noises coming from global authorities on the outlook for international trade and a drop in the single currency's value.
SolGold unearths high grade gold mineralisation in Ecuador
Copper and gold exploration company SolGold has identified high grade gold mineralisation at its wholly-owned project in Ecuador, the company announced on Tuesday.
London close: Stocks bounce on foreign interest, dip in Sterling
London stocks managed to stage a small bounce on Tuesday, with sentiment boosted by the second bid for a British firm in as many days from across the Channel.
JP Morgan sees Barclays's shares closing valuation discount
Analysts at JP Morgan Cazenove reiterated their 'overweight' stance and 250p target price for shares of Barclays following activist shareholder Sherbourne's disclosure of a 5. 2% stake in the outfit and a meeting with its finance chief, Tushar Morzaria.
US open: Stocks go green even as Facebook concerns loom over tech sector
Trading on Wall Street opened strong on Tuesday after the heavy losses seen during the previous session, with the tech sector still in focus following the latest revelations regarding Facebook that sparked concerns of tighter regulatory controls.
Uber car crash will set back autonomous vehicles by decades
The death of a pedestrian by a self-automated vehicle belonging to Uber has brought the ride-sharing service's trials of self-driving cars to a screeching halt that experts said may last for decades.
US retailers urge Trump to reconsider tariffs on China
US retailers and clothing manufacturers including Wal-Mart and Nike are raising concerns with President Donald Trump over his pledge to levy tariffs on Chinese imported goods since it will raise consumer prices and hit sales.
GetBusy's losses widen despite stronger revenues
Software developer GetBusy saw losses widened in 2017, as costs associated with its demerger from ASX-listed firm Reckon and flotation expenses resulting from the firm's admission to the AIM-market of the London Stock Exchange August offset improved revenues.
Market buzz: UK inflation drops, FTC said to be probing Facebook
1539: Facebook down 5. 57%, Google off by 0. 68%. Commenting on the company's current predicament, analysts at Macquarie are telling clients: "We are not lowering our near-term revenue or earnings estimates based on these headlines. However, we are very much concerned that the systemic risk around data-driven online advertising and specific concerns about FB's data are rising quickly. While difficult to quantify in a meaningful way, this increased risk will manifest itself financially in the discount rate.
Motif Bio pushes back FDA submission for iclaprim
Clinical-stage biopharmaceutical company Motif Bio updated the market on the status and timeline for submission of its new drug application (NDA) to the US Food and Drug Administration (FDA) on Tuesday, for its targeted gram-positive investigational antibiotic, iclaprim.
FTSE 250 movers: Fenner surges on Michelin deal; Sophos slumps again
London's FTSE 250 was up 0. 2% to 19,731. 40 in afternoon trade on Tuesday, with deal news providing a boost.
Broker tips: Micro Focus, Hammerson, Barclays, Tesco
Keep the faith! was the message from Barclays for investors in Micro Focus following the prior day's faith-shattering near halving in the company's share price.
FTSE 100 movers: TUI rallies on fleet expansion plans; Just Eat hit by MS note
London's FTSE 100 was up 0. 5% to 7,075. 83 in afternoon trade on Tuesday.
Fund managers' pessimism on UK at record high, BofA-Merrill says
Fund managers were still 'long' on equities, despite rising worries over trade and stagflation, thanks to optimism on the outlook for earnings and interest rates, the results of a widely-followed poll showed.
Wynnstay shareholders told of 'encouraging' start to year
Investors in agricultural and retail group Wynnstay were told of how trading in the first four months of the year has been “encouraging” on Tuesday, as they gathered for the company’s annual general meeting.
Lighthouse renews deal with GFTU for another two years
Lighthouse Group has agreed the renewal of its contract with the General Federation of Trade Unions (GFTU) to be the preferred provider of expert financial advice to its affiliate members, it announced on Tuesday.
Red Rock Resources takes home £0.36m after Jupiter share buyback
Red Rock Resources updated the market on the equal access share buyback implemented by Australian unlisted public company Jupiter Mines on Monday.