Market Report
Clear Leisure awarded first refusal on wound-up Mediapolis' land
AIM-quoted investment company Clear Leisure has received confirmation from its Italian legal adviser that it has been awarded first refusal on a large block of land owned by Mediapolis, which was wound up earlier this year, leaving millions in debts to creditors, including Clear Leisure.
Stratex proposes £1m placing to fund Cameroon exploration
AIM-quoted gold-focused exploration and development company Stratex has entered into a conditional option agreement with a "well-established" Cameroon-based company with strong in-country technical and logistic support for its two early-stage gold exploration projects in that nation's North, Bibemi and Wapouzé.
Wednesday preview: FOMC hike expected, UK inflation may rise too
An interest rate hike from the US Federal Reserve on Wednesday is considered nailed on by the market, while UK inflation is expected to pick up due to rising oil prices and the UK reporting season is scheduled to have a quiet day.
FastForward holds on to Leap Gaming as it teams up with IMG
FastForward Innovations confirmed a subscription into its investee company Fralis, trading as Leap Gaming, on Tuesday, just over six months since it said it was in negotiations to sell its entire holding in Fralis last November.
Oaktree pleased with Ranger developments, still urges shareholders to elect its nominees
Oaktree Capital Management issued another open letter to Ranger Direct shareholders overnight on Tuesday, noting an announcement from Ranger’s board that had withdrawn its proposal to be appointed the company's investment manager, and that the board would now pursue a wind-down.
Frontier flags bumper year as it releases Jurassic World game
Independent video games developer and publisher Frontier Developments updated the market on its trading for the financial year ended 31 May on Tuesday, and confirmed the launch of ‘Jurassic World Evolution’.
Centrica shares 'underappreciated', Jefferies upgrades
While Centrica shares had been in value territory for the last six months, analysts at Jefferies now see potential for "material earnings upgrades" from the British Gas owner as a result of the recent rally in energy prices and a regulatory shift.
Asia report: Most markets higher after feel-good North Korea summit
Most markets in Asia spluttered to life to finish higher on Tuesday, as investors looked past a rocky weekend at the G7 meeting and instead focussed on the landmark meeting between US president Donald Trump and North Korea leader Kim Jong-un.
Europe midday: Investors tread cautiously ahead of US central bank decision
European stocks are trading on a mixed note ahead of the following session's interest rate announcement from the US central bank, as investors looked past the agreement reached overnight between the leaders of North Korea and the US and more weak data out of Germany.
IMI offers 'best entry point in eight years', says Morgan Stanley
IMI's shares have derated too far, said Morgan Stanley on Tuesday, upgrading the engineer to 'overweight' on potential for a 20% gain.
May set to avoid defeat on customs union vote with last minute deal
Prime Minister Theresa May faces an important two days of House of Commons debate on Brexit but has avoided a humiliating defeat on customs union vote after reaching a compromise with pro-EU rebels and leading Brexiters.
Chinese credit growth slowest since 2006 in May
The flow of credit in the Chinese economy reached its lowest ebb since 2006 last month, as borrowing by local governments slowed.
London midday: Housebuilders weigh as stocks drop into the red
London stocks had fallen into the red by midday on Tuesday as traders seemed unimpressed by a historic US-North Korea summit in Singapore, with housebuilders under the cosh after cost warnings from Crest Nicholson and the pound a touch firmer following fairly solid UK jobs data.
US small business sentiment at second-highest level on record
Small business sentiment in the US improved more than expected in May, to the second-highest level in the National Federation of Independent Business survey's 45-year history.
US pre-open: Stocks to slip as traders digest Trump-Kim agreement, eye inflation data
US futures pointed to a slightly lower open on Wall Street on Tuesday as investors were left disappointed by the lack of detail in the North Korean-US agreement and looked ahead to the latest inflation data.
ZEW sentiment slides over Italian worries
German investor sentiment has fallen to the lowest reading since the eurozone debt crisis, according to a report from the ZEW Institute, but may have since improved as worries over Italy receded.
Oxford Instruments swings back into profit
Oxford Instruments swung back to a profit in the year to the end of March 2018, driven by a strong performance from its materials and characterisation business and favourable currency movements.
Trump and Kim sign historic statement at Singapore summit
President Donald Trump and Kim Jong Un signed a joint statement in an important step towards the denuclearisation of North Korea at a summit in Singapore early on Tuesday.
UK employment hits new record but wage growth slows
Employment in Britain rose to a new record high in the three months to April but wage growth unexpectedly slowed.
Stausholm to replace Lynch as finance chief at Rio Tinto
Rio Tinto has appointed Jakob Stausholm to succeed Chris Lynch as its chief financial officer, it announced on Tuesday.