Latest News
Bond yields set to rise, Credit Suisse says
The US central bank´s 'dovishness' led to a "dramatic" decoupling between bond yields and cyclicals over the past two months, with the former falling even as the latter outperformed, but investors would be best advised to follow the latter, Credit Suisse said.
Positive progress at Semenovsky Tailings Project
Russia-focused platinum group metals and gold exploration and development firm Eurasia Mining reported positive progress at its Semenovsky Tailings Project on Tuesday, where it operates in partnership with fellow London listed Metal Tiger.
US house prices rise a touch less than expected in February
House prices in the US rose a touch less than expected in February, according to the S&P/Case-Shiller National Home Price Index.
Hungary´s central bank cuts interest rates, as expected
Hungary´s currency strengthened following the central bank´s decision to cut interest rates, with analysts forecasting further reductions in the months ahead given the outlook for prices to remain in negative territory throughout much of 2016.
US durable goods orders rise less than expected
New orders for US durable goods rose 0. 8% in March to $230. 7bn, according to the Commerce Department, missing expectations of a 1. 8% increase.
JP Morgan downgrades Thomas Cook, upgrades TUI
TUI was making the most of the bumper UK summer holiday booking season, but the same could not be said of rival Thomas Cook, JP Morgan said.
Results round-up
Standard Chartered posted a 59% drop in first-quarter profit amid depressed commodity prices, volatility in Chinese markets and weak emerging market sentiment, but investors welcomed signs the bank was beginning to turn things around as loan impairments dropped.
Wednesday preview: Federal Reserve announces interest rate decision
The Federal Reserve is widely expected to keep interest rates unchanged when the central bank announces its latest policy decision on Wednesday.
Hornby appoints Steve Cooke as new CEO
AIM-listed model train maker Hornby has appointed current group finance director Steve Cooke as its new chief executive with immediate effect.
Vernalis raises £40m in placing
Specialty pharmaceutical company Vernalis announced a £40m placing on Tuesday, through the issue of 80 million new ordinary shares at a price of 50p apiece.
Europe midday: Stocks mixed as investors digest earnings, look to Fed
European stocks were mixed on Tuesday as oil prices recovered and investors sifted through a deluge of corporate news at the start of the Fed’s two-day policy meeting.
Promising drilling results from Lynas Find in Western Australia
Ariana Resources was starting to see the fruits of its investment in Dakota Minerals on Tuesday, with some promising results from drilling at its Lynas Find Lithium Project in Western Australia.
BofA Merrill Lynch sees case for summer rate hike by the Fed
The Federal Reserve is likely to hike rates again this summer, potentially in June if the global market selloff ahead of the Brexit vote is limited, otherwise in July, according to Bank of America Merrill Lynch.
Standard Chartered surges as first-quarter loan impairments fall
Standard Chartered posted a 59% drop in first-quarter profit amid depressed commodity prices, volatility in Chinese markets and weak emerging market sentiment, but investors welcomed signs the bank was beginning to turn things around as loan impairments dropped.
London midday: Stocks rise after slate of corporate earnings
London stocks edged higher on Tuesday as traders digested a raft of corporate earnings.
WPP buys Dutch design agency
Media agency WPP has acquired Dutch design agency Central Holding Du Bois Ording (dBOD) for an undisclosed sum.
Numis keeps Whitbread at 'hold' after full year results
Numis reiterated a 'hold' rating and target price of 4,000p for Whitbread on Tuesday, saying it expects "lack-lustre" earnings growth in the near term.
Loans for house purchases fall in March, BBA reveals
British banks approved fewer mortgages in March ahead of a higher tax on buy-to-let properties, data from the British Bankers’ Associated showed on Tuesday.
US pre-open: Stocks seen slightly higher ahead of earnings, data deluge
US futures pointed to a slightly higher open on Wall Street as the Federal Reserve’s two-day policy meeting kicks off and ahead of a slew of earnings and data releases.