Market Report
MediaZest anticipating maiden net profit in first half
MediaZest updated the market on its current trading on Tuesday, reporting a “strong performance” in the first quarter ended 30 June as expected.
Exane upgrades Spectris, downgrades IMI
Exane BNP Paribas upgraded Spectris but downgraded IMI on Tuesday as it took a look at the UK capital goods sector.
Mosman Oil and Gas 'cautiously' approaches further investment in Arkoma project
Mosman Oil and Gas remain confident that its Arkoma project will bear fruit, but told investors on Tuesday that until steady flow rates can be demonstrated over a period of time, the decision to invest further funds into the asset will be "cautiously approached".
UK regulator calls for social media watchdog
Media regulator Ofcom has issued research backing up the need for statutory regulation on social media after finding that 45% of UK adult internet users admitted to having experienced online harm.
Northgate vehicles on hire jump 13% in first quarter
Van hire company Northgate reported double-digit growth in average vehicles on hire for the first quarter on Tuesday ahead of its annual general meeting.
Summer is kind to big supermarkets but Sainsbury's still lags
Over the summer Sainsbury’s enjoyed its best sales this year, though it was still the slowest growing of the big four, where Asda and Morrisons led the pack but still lost ground to the discounters.
Focusrite continues to grow throughout second half
Focusrite saw revenue, profits and cash grow during the second half of its financial year which it put down to a continued investment in its core categories and new programs.
Asia report: Most markets higher despite continued Beijing-Washington tension
Markets in Asia finished in primarily positive territory on Tuesday, as investors appeared to take a break from consternation over the state of affairs between the US and China.
EU citizens should not get special immigration treatment post-Brexit, report says
EU immigrants should not receive preferential treatment after Brexit, according a report published by the government’s migration advisory committee on Tuesday.
Fund managers up cash, start to price in more hawkish Fed, BofA-ML says
Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.
IWG slumps on Credit Suisse downgrade to 'underperform'
IWG, formerly Regus, tumbled on Tuesday as Credit Suisse cut the stock to 'underperform' from 'neutral' and chopped the price target to 200p from 245p.
Allied Minds launches QuayChain subsidiary to develop smart logistics tech
Allied Minds announced the formation of new subsidiary ‘QuayChain’ on Tuesday.
United Oil raises £3m for new investments through oversubscribed placing
Exploration and development company United Oil & Gas has raised £3m via an oversubscribed placing and subscription with existing and new investors, it announced on Tuesday.
XPS Pensions to expand public sector work with Kier Pensions acquisition
Pensions actuarial, consulting and administration business XPS Pensions Group has, subject to certain conditions, agreed to acquire the assets of Kier Pensions Unit from Kier Business Services - a division of Kier Group - it announced on Tuesday.
Vitec Group buying audio specialist Rycote for up to £8.5m
Broadcast and photographic products and solutions provider, the Vitec Group, has acquired Rycote Microphone Holdings for up to £8. 5m in cash, it announced on Tuesday.
Europe midday: Stocks hold higher despite impact from trade tariffs
Stocks on the Continent are holding onto modest gains after the White House unveiled a more measured package of new trade tariffs on Chinese goods on Monday evening, although some analysts cautioned against reading too much into that.
Vivo Energy restructures acquisition of Engen holdings in Africa
Vivo Energy has reached an agreement with Engen Holdings to restructure the acquisition of Engen International Holdings Mauritius by its subsidiary Vivo Energy Investments, it announced on Tuesday.
US pre-open: Stocks to edge up as investors brush off US-China trade conflict
US stocks looked set to rise at the open on Tuesday, taking their cue from positive sessions in Asia and Europe as investors brush off the latest escalation in trade relations between the US and China.
Russia blames Israel for downing of military jet off Syrian coast
An incident in which a Russian jet was shot down by Syrian forces on Monday was due to the "deliberate" aggression of the Israeli air force, according to the Russian defence ministry.
London midday: Stocks edge up as investors shrug off US-China trade conflict
London stocks had edged higher by midday on Tuesday as investors shrugged off the latest escalation in the US-China trade conflict after US President Donald Trump slapped more tariffs on China.