Market Report
Deutsche Bank hit with $150m fine for compliance lapses with Jeffrey Epstein
Authorities in the US slapped a multi-million dollar fine on Deutsche Bank for not properly monitoring its relationship with convicted sex offender Jeffrey Epstein.
Europe close: Stocks pare losses despite downbeat growth forecasts
Stocks in Europe managed to pare their losses towards the end of trading despite the European Commission downgrading its growth forecasts and the still worrisome headlines around the coronavirus pandemic out of the US.
London close: Stocks finish weaker as EC slashes forecasts
London stocks closed well below the waterline on Tuesday, as the European Commission slashed its growth forecasts, with concerns about a rise in new coronavirus cases continuing to weigh on sentiment.
Coca Cola HBC appoints Naya Kalogeraki as COO
Coca-Cola HBC AG named Naya Kalogeraki to the newly-created role at the firm of chief operating officer.
GSK partners with Canada's Medicago to develop plant-based Covid-19 vaccine
GlaxoSmithKline has teamed up with Canada's Medicago to develop a vaccine which its hopes will be ready for use in the first half of 2021.
Director dealings: Polymetal director makes share purchase
Polymetal International revealed on Tuesday that non-executive director Italia Boninelli had purchased 1,446 shares in the FTSE 100-listed precious metals mining group.
Shake Shack misses out on $3.2m of sales in June
US fast-food chain Shake Shack warned on Tuesday that it had missed out on around $3. 2m in sales as a result of curfews stemming from nationwide protests during June.
US job openings comfortably ahead of forecasts in May, survey shows
Job openings in the US continued to recover in May but remained far below their year earlier levels, the results of a widely-followed survey revealed.
Broker tips: LondonMetric, GVC, Hikma Pharmaceuticals
Analysts at Liberum raised their target price on British property company LondonMetric from 180. 0p to 210. 0p on Tuesday, stating the group's valuation was supported by a 4. 0% dividend yield.
Seeing Machines welcomes US bill, plays down Europe delay
Computer vision technology company Seeing Machines was upbeat on news from the United States on Tuesday, after the passage of the 'Moving Forward Act' in the House of Representatives.
Frontier IP investment Celerum subcontracted by PlanSea Solutions
Intellectual property specialist Frontier IP announced on Tuesday that its portfolio company, Celerum, has been subcontracted to support software development for Aberdeen-based PlanSea Solutions.
FTSE 250 movers: Micro Focus tumbles; Plus500 rallies
London’s FTSE 250 was down 1. 2% at 17,340. 80 in afternoon trade on Tuesday.
US open: Mixed start to trading following Monday's strong rally
Wall Street stocks opened mixed on Tuesday following a strong rally seen during the previous session.
Berenberg hikes target price on Standard Life Aberdeen
Analysts at Berenberg raised their target price on global investment company Standard Life Aberdeen from 190. 0p to 275. 0p on Tuesday, stating that recent management changes held the potential to drive a "change in strategy".
Canaccord hikes target for Intermediate Capital Group, spies bottom in fund flows
Analysts at Canaccord Genuity hiked their target price for shares of Intermediate Capital Group, arguing that investors' focus on losses on the Investment Co. side of the business.
FTSE 100 movers: Whitbread falls after update; GVC gains
London’s FTSE 100 was down 1. 6% at 6,187. 66 in afternoon trade on Tuesday.
Corvus Pharmaceuticals leaps after launching phase one trial for Covid-19 treatment
Stock in US-based Corvus Pharmaceuticals nearly doubled on Tuesday after announcing its plans to launch an early state clinical trial for an experimental monoclonal antibody to treat Covid-19.
PCI-PAL lowers guidance despite FY revenue surge
Payments firm PCI-PAL reported a surge in annual revenues on Tuesday but lowered its forecasts for 2020 due to the ongoing impact of the Covid-19 pandemic.
Gunsynd raises another £0.1m due to 'excess demand'
Gunsynd announced on Tuesday that, following its fundraising announcement on Monday, and in order to satisfy excess investor demand, it has placed another 16 million new shares to raise £0. 1m.
Live Company makes some serious savings as events restart
Live Company Group said it had made “significant” cost saving initiatives during the second quarter on Tuesday, identifying total savings of £2. 1m of overheads and other operating costs against its original budget for the year.