Market Report
US close: Stocks close lower as tumbling oil prices reverse afternoon rally
US stocks closed mostly lower on Tuesday as a late push was offset by plummeting oil prices cratered, dragging the energy sector sharply lower.
US open: Wall Street jumps on appearance of improving US-China relations, WTI crashing
US stocks appear to be moving higher quickly on Tuesday following a hesitant start amid hopes that relations between China and the US are improving.
FX round-up: Trade talk, speculation around possible Brexit deal brake US dollar
A more 'constructive' news-flow on the global trade front and news of a breakthrough in talks on the UK's withdrawal between London and Brussels, kept the Greenback from hitting a fresh 52-week high on Tuesday.
Small caps round-up
IQE reported on Tuesday that its supply chain has been affected by a reduction in shipments from a major semiconductor customer, leading to a drop in full-year revenue expectations.
Russian GDP slows more-than-expected in Q3, but economists expect pick-up
Economic growth in Russia slowed over the three months to September, although some economists expected the pace of expansion to pick-up over the following year.
Europe close: US-China trade news offset slump in crude oil futures
Stocks in Europe bounced back, helped by quite positive headlines around the ongoing trade talks between China and the US, as well as early gains on Wall Street, which more than offset the drag from the downdraft in crude oil futures.
Vodafone reassures on dividend despite swing to loss
Vodafone swung to a large loss at the half-year stage after restructuring its business in India due to competitive pressures, though underlying earnings remained on track and there was reassurance provided on the dividend.
London close: FTSE clings on as pound surges, oil slumps
London's FTSE 100 just managed to hold onto a very slight gain on Tuesday as the pound was lifted by strong wage growth figures and Brexit hopes, while oil prices slumped.
US and China speaking 'at all levels' ahead of G20 meet, says Kudlow
President Trump has initiated direct contact with Chinese President Xi Jinping ahead of the leaders’ meeting at the G20 in Argentina at the end of the month, White House economic adviser Larry Kudlow told CNBC on Tuesday.
Home Depot raises guidance for second time this year
Home Depot upped its sales and profits guidance for a second time this year on Tuesday thanks to a robust US housing market that has led many Americans to pour money back into their homes.
Morgan Stanley downgrades European O&G, stays 'overweight' BP
Analysts at Morgan Stanley on Tuesday downgraded their recommendation on the European Oil & Gas sector, arguing that the favourable tailwinds which had helped compress its relative dividend yield back to its historical norms had now largely passed.
FTSE 250 movers: Contour powers ahead as B&M stumbles
London's FTSE 250 was up 0. 81% at 18,964. 88 in afternoon trade on Tuesday, as ContourGlobal and BTG both shot more than 10%.
Director dealings: Serco execs lower stake
Serco chief executive Rupert Soames sold 399,661 ordinary shares in the FTSE 250-listed outsourcing company on Tuesday.
Brent crude oil futures walloped as speculators pile-in
Oil prices are getting walloped as speculative accounts continue to pile-up in the complex, according to analysts.
Ideagen expects first-half earnings 'significantly ahead'
Software outfit Ideagen reported "another excellent start" to its financial year on Tuesday, noting that it expected revenues and EBITDA to be "significantly ahead" after trading remained strong throughout the first six months of the year.
Interserve insists it remains 'on track' after hitting 30yr low
Interserve Group insisted that it still expect a "significant" profit improvement this year, after the government contractor missed a deadline on a joint venture.
Yolo Leisure celebrates as major broadcaster invests in TVPlayer
Yolo Leisure and Technology announced on Tuesday that TVPlayer, the television service with more than 100 channels streaming online and in excess of two million active users in the UK market, has announced an £8m Series A round, led by an unnamed major US broadcasting network.
Amazon to split second HQ between NYC and Virginia
Amazon confirmed on Tuesday that it plans to split its second headquarters between New York City and Arlington, Virginia.
FTSE 100 movers: Vodafone rallies on results; tobacco stocks drop again
London's FTSE 100 was down 0. 3% to 7,034. 54 in afternoon trade on Tuesday as the pound rallied on the back of solid wage growth figures and Brexit hopes.
Andalas Energy pleased with progress at P1918
Andalas Energy and Power reported on Tuesday that Corallian Energy, the exploration operator for licence P1918, has informed the joint venture partners that the Department for Business, Energy and Industrial Strategy, Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has advised the Oil and Gas Authority of its in-principle agreement to the issue of the relevant consent for the Colter well, in which Andalas has an 8% interest.