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US close: Dow, S&P and Nasdaq gain at least 1.25%
US stock indices made strong gains on Tuesday, all three gaining at least 1. 25% for the first time in more than a month as an oil price rally, flatter dollar and various data provided boosts.
Verona Pharma's COPD drug produces significant trial effects
Verona Pharma announced that clinical trials for its treatment for chronic obstructive pulmonary disorder (COPD) produced a highly significant effect and was well tolerated by patients.
Market overview: Banks, travel stocks lead gains
1630:Close Shares in lenders and travel-related stocks led gains on the top flight index after analysts at BofA pushed back their call for the timing of the first BoE rate hike to the start of 2017, while the latter were boosted by better than expected half-year figures from Easyjet. Miners also bounced back following the previous session’s large falls. Nevertheless, the real trigger for Tuesday’s gains lay on the other side of the Atlantic where the main Wall Street gauges were registering a sharp move to the upside.
Europe close: Greek stocks pace gains
Stocks in Europe were near their best levels of the day following stronger-than-expected inflation data out overnight in China, figures showing an increase in monthly passenger-vehicle sales in the Asian giant and signs of a possible debt-relief deal for Greece.
Director dealings: Newly appointed BAE non-exec picks up shares
BAE Systems non-executive director Paula Rosput picked up 1,000 American Depositary Receipts representing 4,000 ordinary shares in the aerospace and defence engineer at an individual price of $28. 411 each one, for a total amount of $28,411.
Wednesday preview: Barratt Developments reports trading update
Barratt Developments reports a trading update on Wednesday with analysts looking to see how the housebuilder has weathered a slowdown in London’s prime market.
London close: FTSE closes higher as oil prices rally
The FTSE 100 finished higher on Tuesday as oil prices jumped and as investors examined mixed economic data.
Small caps news round-up
Global pharmaceutical and services company Clinigen announced on Tuesday it has signed an exclusive agreement with US specialty pharmaceutical company Cumberland Pharmaceuticals to commercialise oncology support drug Ethyol in the US. The AIM-traded company said it is the first product it has licensed to Cumberland under the strategic alliance entered into late last year.
Baker & McKenzie: Oil industry in crisis — Should we expect more or less antitrust enforcement?
By Mark Hamer, Partner (Washington DC office), Baker & McKenzie.
Tuesday newspaper share tips: G4S, Dignity
True, stock prices don’t go up in a straight line, but before yesterday’s bounce shares in G4S were trading at their lowest since early 2009, The Time’s Tempus pointed out.
Clinigen signs Ethyol agreement with Cumberland
Global pharmaceutical and services company Clinigen announced on Tuesday it has signed an exclusive agreement with US specialty pharmaceutical company Cumberland Pharmaceuticals to commercialise oncology support drug Ethyol in the US.
Losses widen at Summit Therapeutics
Drug discovery and development company Summit Therapeutics reported an increase in cash and activities in its full-year results on Tuesday, though its losses widened as it carried its projects towards commercialisation.
Zamano CEO Ross Conlon resigns
Zamano CEO Ross Conlon tendered his resignation with immediate effect this week, with the company saying he was leaving to pursue other interests.
US job openings jump in March, JOLT survey shows
A gauge of the labour market closely by the head of the US central bank rose back to near its peak level hit in July 2015.
US wholesale inventories edge higher in March
US wholesale inventories edged slightly higher in March, rising by 0. 1% to reach $583. 6bn according to the Department of Commerce.
FTSE 250 movers: Ocado and Restaurant Group make gains
By later afternoon the FTSE 250 was up 0. 18% to 16,716. 83, rallying again after solid gains in the morning had later been erased.
ITM Power launches first hydrogen refuelling station in London
ITM Power has launched its first of four public hydrogen refuelling station in London and is examining ways of sourcing "green electricity" tariffs to power hydrogen production at its UK refuelling stations.
Results round-up
Low-cost carrier easyJet swung to a loss in its half-year numbers on Tuesday, reporting a loss before tax of £24m for the six months to 31 March, against a £7m profit a year earlier.
Sterling might fall 20% if UK leaves European Union, NIESR says
A decision to leave the European Union would result in a “significant shock” to Britain’s economy, one of the country’s leading think-tanks said, leading to an immediate and sharp depreciation in sterling and braking economic growth in 2017.