Market Report
Sector movers: Oilers and miners lead the way
Resources sectors led the way higher in London on Tuesday, while the construction sector was among the main fallers.
US close: Markets lower on broad losses as Treasury yields surge
Tuesday finished well into the red on Wall Street, after an early rise in government bond yields, and a sell-off of shares of Google parent Alphabet following its latest quarterly update.
Market buzz: US stocks slide as UST yields hit 3.0%, FTSE holds on
1639: London's blue chips remains in the black at 7,425. 40 on Tuesday, avoiding a late lurch lower as US markets open in the red amid the rise in Treasury note yields.
Results round-up
Despite facing "significant" exchange rate headwinds, language and localisation provider RWS has "performed well" throughout the first half of its trading year.
Europe close: Stocks slip slightly as bond yields grind higher
Stocks finished on a mixed note, with investor sentiment dampened by the negative reaction from markets to Google parent Alphabet's latest set of results and rising bond yields on both side of the Atlantic.
London close: Stocks overcome rising yields and sterling rebound
London-listed stocks held onto gains on Tuesday, overcoming pressures from a rebound in the pound and rising bond yields as government borrowing figures, commodity prices and deal news provided support.
Death of 38-year US bond 'bull market' not yet on the cards, Macquarie says
Global growth has peaked, "but the long tail of the crisis is finally beginning to pass," analysts at Macquarie argued on Tuesday, further arguing that 10-year US Treasury yields would not "break" the 3. 0% mark until the third quarter of 2018, although a breach was possible in coming days.
Broker tips: Diageo, BAE Systems, Victrex
Having underperformed its spirits peers so far this year, analysts at Morgan Stanley spied a buying opportunity in drinks-maker Diageo given its track record of solid organic sales growth and strong cash generation.
US open: Mixed open on Wall Street as bond yields hit 3.0%, Alphabet weighs
Trading on Wall Street got off to a mixed start on Tuesday amid an early rise in government bond yields and selling in shares of Google parent Alphabet following its latest quarterly update.
Vectura slumps as Sosei 'has no attention of making an offer'
Japenese biopharmaceutical company Sosei confirmed that, contrary to recent press speculation about a possible offer for inhaler specialist Vectura, it did not intend to make a bid.
US new home sales jump in March, but rising mortgages rates to cap gains
New home sales in the States jumped last month, alongside hefty upwards revisions to prior months' data, although some economists forecast activity was set to return to the lower trend which had prevailed up until now, as higher mortgage rates start to bite.
Morgan Stanley reiterates 'overweight' rating on drinks-maker Diageo
Having underperformed its spirits peers so far this year, analysts at Morgan Stanley spied a buying opportunity in drinks-maker Diageo given its track record of solid organic sales growth and strong cash generation.
Coca-Cola Q1 results bubble thanks to Diet Coke sales
Coca-Cola’s results beat analysts' forecasts on the back of strong sales of its Zero Sugar brand and a return to volume growth for Diet Coke.
CityFibre to go private in £538m Sachs-led deal
Nascent broadband network developer CityFibre has agreed to a £538m takeover by a consortium backed by Goldman Sachs, it was revealed on Tuesday, with the company claiming going private would make it easier for it to pay for its plans to build full fibre-optic infrastructure to a fifth of the UK market.
Tissue Regenix begins sales of 'DermaPure' from CellRight Texas facility
Regenerative medical devices company Tissue Regenix Group announced on Tuesday that, following the successful completion of the manufacturing technical transfer, it has begun sales of ‘DermaPure’ products processed at the CellRight Technologies facility in San Antonio, Texas.
FTSE 100 movers: Shire and BAE take off, Paddy Power slips
London's FTSE 100 was leaving its mid-cap sibling in the dust on Tuesday, led by gains for Shire, BAE Systems and oil giants BP and Shell.
FTSE 250 movers: Bookies battered but QinetiQ jumps on acquisition
London's FTSE 250 was down 0. 3% to 20,253. 14 in afternoon trade on Tuesday, with bookies under the cosh.
Proteome Sciences narrows loss as it makes operational strides
Proteome Sciences issued its audited results for the year ended 31 December on Tuesday, reporting revenue growth of 23% to £3. 38m, which was underpinned by a 79% increase in sales and royalties attributable to ‘TMT’ reagents.
CityFibre shares surge as it agrees to be taken private
CityFibre shares were motoring ahead on Tuesday, as the broadband group agreed to be taken private, while also reporting full year results where turnover improved 126% to £34. 8m.
Palace Capital makes good progress as it gears up for quarterly divi
Property investment company Palace Capital updated the market on activity in its property portfolio on Tuesday, for the period since the publication of its interim results on 4 December - a period its board described as “exciting times”.