Latest News
Fund managers retain cash to protect against Brexit shocks - BoAML
A Bank of America Merrill Lynch (BoAML) survey of fund managers has found that while global growth views rose slightly in May, from April, investors are holding elevated cash levels to protect against potential shocks if the UK votes to leave the EU.
LendingClub shares dive on investigation concerns
Shares in San Francisco-based LendingClub Corp plunged after the US Department of Justice opened a probe and the company raised a fresh spectre of funding concerns, reports say.
US close: Stocks see red on fears of interest rate rise
US shares saw red at the close on Tuesday after remarks from Federal Reserve officials fuelled fears of an interest rate rise as early as June.
BP's head of exploration to leave company - Reuters
BP head of exploration Richard Herbert is leaving the company after a little more than two years in the job, a period that saw the oil major cut its spending on the search for new deposits, a report says.
Qatar Airways lifts stake in International Consolidated Airlines to 15.01%
Qatar Airways has piloted its stake in International Consolidated Airlines up to 15. 01%, and may mull acquiring more of the British Airways-owner over time.
UK government plans retail sale of Lloyds stake
The UK government is planning a retail sale of its 9. 2% shareholding in Lloyds Banking Group, fully returning the shares to the private sector between 2016 and 2017.
Europe close: Auto stocks lead retreat
European stocks finished on the back foot on Tuesday, with early gains having been progressively eroded as the day wore, with traders seemingly fixated on the guessing-game surrounding Fed policy.
Small caps news round-up
Infrastructure product and galvanising services company Hill & Smith reported “encouraging” trading in the year to date at its annual general meeting on Tuesday. The company said trading to 30 April was ahead of the expectations set out at the time of its 2015 preliminary results in March.
FTSE 100 movers: Taylor Wimpey and Ashtead lead gains
The FTSE 100 was in positive territory on Tuesday afternoon, as a mixture of encouraging results and analyst optimism looked like extending the index's winning streak to a third day.
Enterprise Inns trading in line after lifting H1 profit
Enterprise Inns said second-half trading is in line with its expectations, despite being hurt by the timing of the Easter weekend and after improving its first-half pre-tax profit to £40m, from £10m.
US open: Wall Street lower after slightly mixed data
Wall Street was struggling following the release of slightly mixed readings on US industrial production and homebuilding.
London close: Stocks close higher after UK and US inflation
The FTSE 100 closed higher on Tuesday as oil prices wavered and investors weighed UK and US inflation data.
More late night Overground trains for East London line
Travelling around London’s more suburban boroughs at night was set to get easier, after it was revealed on Tuesday that Transport for London had doubled some evening services on the London Overground.
Hill & Smith reports on 'encouraging' start to year
Infrastructure product and galvanising services company Hill & Smith reported “encouraging” trading in the year to date at its annual general meeting on Tuesday.
Market overview: US industrial production rises past forecasts
1415: US industrial production grew by 0. 7% month-on-month in April (consensus: 0. 30%).
Haynes Publishing warns on FY profit, begins restructuring
Haynes Publishing’s shares plunged more than 12% after it warned full-year pre-tax profits before exceptional costs will come in up to 30% below market views for £2. 6m, and also outlined restructuring and job-cut plans.
Inspirit Energy raises £750,000 in discounted placing
Inspirit Energy has raised £750,000 in a discounted placing to finalise the accreditation process for its Inspirit Charger micro combined heat and power boiler, and begin field trials with Enertek International.
BBC drops 11,000 recipes as it plans to axe food website
The BBC is set to drop 11,163 online recipes as part of plans to axe its food website to save £15m a year.
Director dealings: Howden Joinery directors nail colours to mast
Howden Joinery chairman Richard Pennycook forked out £0. 25m on shares in the FTSE 250 kitchens and joinery products supplier, as a solid trading update late last month left the shares largely unmoved.
Sirius ups North Yorkshire polyhalite probable ore reserves
Sirius Minerals has increased the probable ore reserve at its North Yorkshire polyhalite project to 280. 2m tonnes at an average grade of 88. 4%, from 250m tonnes at a grade of 87. 8% previously.