Latest News
FTSE 100 movers: Miners slump on China data; Insurers shine
London’s FTSE 100 index was down 0. 9% to 6,187. 50 in afternoon trading, as investors digested disappointing Chinese data and a weaker-than-expected reading on UK manufacturing.
Whitbread buys 49% stake in Pure food chain
Whitbread has acquired a 49% stake in Healthy Retail, which trades as Pure, for £6. 8m.
Drug trials using Vectura's Fox nebuliser make progress
A respiratory treatment being developed using Vectura's Fox nebuliser technology device has passed safety and efficacy trials and looks likely to be moved into a Phase II efficacy study in infants.
JP Morgan goes underweight global equities for first time since 2007
Entering equities at current levels 'chasing performance' would be "a mistake", strategists at JP Morgan believed.
IMF cuts growth forecasts for Asia Pacific region
Asia continues to be the most dynamic part of the global economy but the region was still being buffeted by multiple headwinds, the International Monetary Fund said in a report in which it trimmed its forecasts.
Light beers put more fizz into MillerCoors
MillerCoors, the joint venture between SABMiller and Molson Coors, has served up some strong growth in the first quarter as 'Lite' beer brands both enjoying their strongest volume since the JV began.
Indivior shares slump as it posts drop in Q1 profit
Shares in Indivior tumbled after the FTSE 250 speciality pharmaceuticals firm reported a drop in first-quarter profit.
RBA surprises many economists with interest rate cut
The Reserve Bank of Australia unexpectedly cut its main policy rate, referencing recent lower than expected inflation in the country.
Asia close: Stocks mixed as US dollar weakens, IMF cautions on growth
Stockmarkets in the Pacific Rim finished on a mixed note amid softer than expected economic data out of China and against the backdrop of a weaker US dollar, with the latter marking a fresh year-to-date low.
Europe midday: Stocks in the red as miners, banks slump
European stocks fell on Tuesday as weak Chinese data dented basic resources and bank earnings disappointed.
London midday: Stocks fall as China and UK manufacturing data disappoint
UK stocks were in the red on Tuesday as worse-than-expected China and UK manufacturing data dragged mining shares lower.
'Del Boy' discounter The Range eyeing £1bn IPO
Value retailer The Range has begun work on a London initial public offer that could value 'Devon Del Boy' Chris Dawson's company at around £1bn, according to reports.
Results round-up
HSBC's first-quarter profits fell 14% compared to last year but was better than analyst forecasts, with chief executive Stuart Gulliver expressed confidence that cost-reduction plans now under way will hit their target by the end of next year.
Tullow Oil gushes lower as Macquarie and Goldman downgrade
Tullow Oil gushed lower on Tuesday as Macquarie, Goldman Sachs and Numis all had their say on the stock.
Broker tips: RBS, Aberdeen Asset Management, RSA Insurance
UBS downgraded Royal Bank of Scotland to ‘neutral’ from ‘buy’ and cut the price target to 250p from 310p, pointing to significant payout uncertainty.
US pre-open: Weaker open expected after China data
US futures pointed to a weaker open on Wall Street following disappointing Chinese manufacturing data.
SimiGon wins USD8m civil aviation contract
Simulation software specialist SimiGon has won a $7. 9m, five-and-a-half-year contract to provide its SIMbox training software and services to a major civilian aviation training provider in the Far East.
Caledonia Investments sells 20% stake in B&W Group
Caledonia Investments has sold its 20% stake in audio equipment manufacturer B&W Group for £24m in cash, and an accrued dividend of £500,000.
UBS downgrades RBS to 'neutral' on payout uncertainty
UBS downgraded Royal Bank of Scotland to ‘neutral’ from ‘buy’ and cut the price target to 250p from 310p, pointing to significant payout uncertainty.
Eurozone producer prices rise more than expected in March
Producer prices in the Eurozone rose more than expected in March, according to the latest data from Eurostat.