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Tuesday newspaper round-up: Brexit, oil prices, Tata offers, Channel 4
Support among business for Britain staying in the EU has declined since David Cameron announced an in/out referendum three months ago, but still remains significant. Despite warnings about the economic costs of Brexit from the Treasury, the International Monetary Fund and the Organisation for Economic Cooperation and Development, the lead for the remain side has narrowed from 30 points to 17. - The Guardian.
US close: Stocks finish mixed as oil losses continue
US markets ended a high volume day mixed on Monday, with oil prices continuing their slide from European trading, sending energy stocks tumbling while health care equities gained.
London close: FTSE ends lower as mining stocks slump
London stocks lost their steam on Monday as mining stocks dragged the FTSE 100 to finish lower.
Basic resource shares pumelled, Canadian wildfire blaze slows advance
Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia’s largest economy and after Chinese regulators warned they might clamp down on speculation further.
Market overview: Miners, oil drop
1630:Close AstraZeneca led gains on the top flight index on the back of reports that it is set to issue long-term debt in a bid to benefit from the ECB's programme of corporate-QE. EasyJet, TUI and Whitbread on the other hand were higher on the back of positive broker commentary. The former is also set to release its latest half-year numbers tomorrow. Miners were broadly lower following steep falls in Chinese iron ore futures overnight and a 1. 5% slide in copper futures on the LME.
Europe close: Stocks finish on mixed note as oil futures retreat
European stocks finished on a mixed note on Monday, amid disappointing Chinese trade data and a fall in oil prices.
Commodities: Oil drops as Alberta wildfires move away from key installations
Commodities were caught in a downdraft on the back of weaker than expected data out of Asia’s largest economy and after Chinese regulators warned they might clamp down on speculation further.
Tata Steel says seven bidders taken to next stage of sale process
Tata Steel Europe is another step closer to selling its British operations after seven expressions of interest were taken forward to the next stage.
FX round-up: Commodity currencies, yen weaker
Cable slipped slightly versus the US dollar ahead of Thursday's Monetary Policy Committee meeting as the Prime Minister and former London Mayor Boris Johnson traded blows over the risks to Britain's security arising from a possible exit from the European Union.
Small caps news round-up
Premier Veterinary Group’s shares fell on Monday after the company almost doubled its first half pre-tax loss to £1. 07m from £0. 57m the previous year. The firm, which provides services to third party veterinary practices, attributed the wider loss to an increase in administrative expenses to £2. 2m in the six months to end of March from £1. 2m a year earlier.
Tuesday preview: EasyJet to report first half loss, analysts estimate
EasyJet is expected to report a half year loss, reflecting the impact of terrorist attacks in Europe and foreign exchange headwinds.
US job growth set to re-accelerate in coming months, Barclays says
The US labour market had softened year-to-date in April, one of the Federal Reserve’s preferred gauges revealed but analysts were sanguine that the rate of growth in payrolls would return to its trend of between 200,000 to 225,000 over coming months.
Results round-up
Premier Veterinary Group’s shares fell on Monday after the company almost doubled its first half pre-tax loss to £1. 07m from £0. 57m the previous year.
Premier Veterinary's first half loss nearly doubles
Premier Veterinary Group’s shares fell on Monday after the company almost doubled its first half pre-tax loss to £1. 07m from £0. 57m the previous year.
Unis and TfL most exposed public sector entities to Brexit, says Moody's
Universities and Transport for London would be the most at risk of the UK public sector entities if Britain votes to leave the European Union in the upcoming referendum, according to Moody’s.
Fairpoint trading in line, board confirms
Investors were gathering for the annual general meeting of Fairpoint today, which was performing in line with management expectations in its first quarter, though its board did describe the period as “quieter”.
Rambler, Maritime to investigate Hammerdown reopening
Rambler Metals and Mining announced a new engineering evaluation and services agreement with Maritime Resource Corporation on Monday, to evaluate the economic potential of reopening the past-producing Hammerdown gold mine in Maritime’s Green Bay property.
US open: Stocks rise as traders shrug off oil price decline
US stocks gained on Monday as investors shrugged off a decline in oil prices and worse-than-expected Chinese trade data.
AstraZeneca, Shell plotting debt sales ahead of ECB corporate QE-programme
AstraZeneca was marketing €2. 2bn of debt in a three-part of deal, according to people familiar with the deal cited by Bloomberg.