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Wednesday preview: Tesco expected to swing to full year profit
Tesco is expected to reveal it swung to a full year profit on Wednesday as the supermarket chain’s recovery plan shows progress.
FTSE 100 movers: Anglo sparkles on De Beers sales; Ashtead slumps on downgrade
London’s FTSE 100 was up 0. 1% to 6,205. 41 in afternoon trading as investors digested better-than-expected UK inflation figures.
IMF cuts global growth forecasts and warns of multiple economic threats
The International Monetary Fund has cut its forecast for global growth in 2016 to 3. 2% from the 3. 4% it expected in January, with all advanced economies revised downwards.
Panama Papers: EU unveils new disclosure rules for multinationals
The European Commission on Tuesday unveiled new proposals that would force large companies such as Google, Apple and Starbucks to disclose their profits and taxes in all EU member states where they operate.
Peel Hunt sees opportunities and risks in UK commercial property
In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share.
Vesuvius slumps on Jefferies downgrade
Molten metal flow engineering company Vesuvius was under the cosh on Tuesday after Jefferies downgraded the stock to ‘underperform’ from ‘hold’ and cut the price target to 255p from 300p.
Tengri Resources offloads its major operations
Tengri Resources announced it was offloading its major operations on Tuesday, selling Kami Associates and Tatianna to Socagest SA for a total consideration of $6m.
HSBC downgrades Ashtead on equipment age calculation quirk
HSBC has downgraded Ashtead to 'hold' from 'buy' after a reappraisal of the equipment hire group's growth prospects.
Gresham House secures new £7m banking facility
Specialist asset manager Gresham House secured funding for its ongoing ‘strategic development’ on Tuesday, announcing a new £7m banking facility with Kleinwort Benson Bank.
Market overview: IMF trims global growth forecasts for 2016 and 2017
1406: IMF cuts global GDP growth forecast for 2016 from 3. 4% to 3. 2% and for 2017 from 3. 6% to 3. 5%.
US import prices rise less than expected in March
US import prices edged higher in March, but by far less than economists had expected as the prices of non-fuel imports retreated.
US NFIB survey for March augurs well for company investment
Optimism among small US businesses failed to improve as expected in March, but some of the details of the report were well-received by analysts.
Lonmin CFO Simon Scott to step down
Platinum producer Lonmin has announced that Simon Scott will step down as chief financial officer, most likely after the company’s interim results in May.
Results round-up
Blood monitoring company Lidco Group swung to a pre-tax loss for the year ended 31 January 2016 as revenue slid.
FCA bans former RBS trader from working in financial services
The Financial Conduct Authority has banned former Royal Bank of Scotland trader Paul White from working in financial services following his involvement in the Libor scandal.
London open: Stocks fall ahead of UK inflation figures
London stocks declined on Tuesday as traders awaited UK inflation figures and the International Monetary Fund’s latest economic forecasts.
Ryanair promises even lower airfares as it launches new initiatives
Low-cost airline Ryanair promised even lower airfares on Tuesday as it announced a range of initiatives to improve the customer experience as part of its ‘Always Getting Better’ programme.
Broker tips: Aviva, Diageo, Astrazeneca
Recent underperformance led analysts at Credit Suisse to remove Aviva from their Europe Focus List, but they expected the stock's price to close the gap versus its peers over the next few years.
SolGold reveals new copper-gold mineralisation discovery
SolGold announced a fresh mineralisation discovery on Monday, at its Cascabel copper-gold porphyry project in Ecuador.
BT facing TV critisicm ahead of looming Champions League rights auction
BT Group may not be allowed to retain exclusive UK rights to broadcast Champions League football after the current three-season deal, giving confidence to ITV and Sky when they return to the bidding table later this year.