Latest News
US close: Stocks end lower amid growth concerns
US stocks ended lower on Tuesday as global growth concerns undermined investor sentiment following a batch of mixed data.
Bonds: DMO sale oversubscribed, traders stay wary on Greece, euro area periphery
These were the movements in the most widely-followed long term sovereign bond yields:.
Sector Movers: Gold miners duck wider resource stocks slump
Resource stocks plummeted on Tuesday, as oil markets remained volatile and base metals had an unconvincing session.
Commodities: Oil retreats further, precious metals bounce back
Oil futures extended declines on Tuesday, on the back of an Iran-inspired price pullback while precious metals staged a recovery following a lacklustre start to the week.
Tuesday newspaper share tips: Sports Direct, Anglo American
Shares in Sports Direct look cheap; indeed, founder Mike Ashley might one day even be tempted to take it private, but for now they’re best avoided, The Times’s Tempus said.
FX Roundup: Yen surges against major crosses
The yen surged against major crosses on Tuesday, despite Bank of Japan governor Haruhiko Kuroda saying he is 'monitoring the currency. '.
Europe close: Stocks drop after weak service sector PMIs
European stocks fell sharply on Tuesday, with cyclicals under pressure as soft data releases prompted growth concerns and International Monetary Fund boss Christine Lagarde called on global policymakers to pass a range of economic reforms.
Vedanta Resources bond buybacks ‘opportunistic’, Moody’s says
Vedanta Resources announcement of the initiation of partial buybacks of its convertible bond maturing July 2016 and senior unsecured bond maturing June 2016 do not represent distressed exchanges, according to Moody's.
Director dealings: Hikma boss buys £600K worth of shares
The chairman and chief executive of Hikma Pharmaceuticals has purchased more than £600,000 worth of shares in the drugmaker.
London close: Stocks decline as investors digest services PMIs
UK stocks were in negative territory as oil prices wavered and investors sifted through a batch of services data.
AdEPT Telecom signals impressive growth
AdEPT Telecom was looking at some impressive full-year results on Tuesday, indicating growth in earnings and a reduction in net debt in a trading update ahead of its final numbers.
Small caps news round-up
Blinkx disappointed investors with a trading update that dashed hopes that the third quarter return to profitability would continue into the final months of the financial year. For the full year to the end of March, the digital advertising technology specialist said it expected to generate revenues of $165-170m, having made $91. 4m in the first half-year.
Glencore close to agreeing part-sale of agriculture unit, reports say
Glencore is nearing an agreement to sell a large chunk of its $6bn Viterra agriculture unit to the Canadian Pension Plan Investment Board, according to reports.
Koovs moves higher as bullish sales update precedes placing
Cash-strapped online fashion retailer Koovs, dubbed the Indian Asos, has issued a bullish trading statement as it looks to drum up support for its latest fundraising.
Low oil prices hurt sales, volumes at Bankers Petroleum
Low oil prices were continuing to hurt sales and volumes at Canadian oil firm Bankers Petroleum, which revealed drops for both figures in its first quarter update on Tuesday.
Broker tips: Electrocomponents, Tesco, Serco
Electrocomponents rallied as Numis upgraded its price target to 295p from 275p and reiterated its ‘buy’ rating on Monday following a trading update.
It's too soon to get back into Serco, Nomura says
It was too soon to jump back into shares of Serco, analysts at Nomura believed.
US open: Stocks fall as US trade deficit widens
US stocks were in the red on Tuesday as data revealed the US trade deficit widened to a six-month high in February.
Park Group appoints Laura Carstensen as chairman
Park Group, the AIM-listed UK retail voucher and gift card services provider, has appointed Laura Carstensen to succeed Peter Johnson as non-executive Chairman on his retirement.
Polemos rears into life with second placing in as many months
Polemos, a 'sleeping minnow' which has remained a virtually inactive cash shell since it sold the PLUS Markets exchange business four years ago, has reared into life in recent months and has now confirmed completion of a £175,000 fundraising and the appointment of Peterhouse as a new joint broker.