Latest News
Diesel scandal puts brake on VW Q1 results
First quarter pre-tax profits at German car maker Volkswagen slumped almost 20% to €3. 2bn as diesel emissions scandal continued to take its toll.
Inmarsat set for FTSE demotion in quarterly review
Satellite communications company Inmarsat could be pushed out of the FTSE 100 by Hikma Pharmaceuticals in June, according to the FTSE Russell.
Eurozone unemployment rate unchanged in April, as expected
The unemployment rate in the Eurozone was 10. 2% in April, unchanged from March and in line with economists' expectations, according to data from Eurostat.
Hong Kong retail slide undermines Burberry and other luxury brand shares
Retail sales in Hong Kong continued to decline last month, new data showed, sending shares in Burberry lower on Tuesday morning.
Dignity to buy 5 crematoria for £43m
Listed funeral firm Dignity said it has signed a deal to buy five crematoria from Co-op Funeralcare for £43m in cash.
German unemployment falls more than expected in May
Unemployment in Germany fell more than expected in May, according to data released by Destatis.
OPEC meeting unlikely to result in major changes, say analysts
This Thursday’s meeting of the Organization of the Petroleum Exporting Countries is unlikely to result in any major change to the oil market, according to analysts at HSBC and Morgan Stanley.
London open: Stocks gain as trading resumes after bank holiday
UK stocks gained on Tuesday as trading resumed after the long weekend.
John Menzies and Oman Air agree to work on handling joint venture
John Menzies has secured a pre-contract agreement towards winning a major ground handling deal with Oman Air.
Europe open: Stocks waver as Fed remains in focus; VW skids
European stocks wavered in early trade as the timing of the next rate hike by the Federal Reserve remained a key question on investors’ minds.
Scottish Investment Trust first half income up, but returns fall
Scottish Investment Trust said first half net asset value per share total return was 4% and share price total return 4. 4%.
Proton Power wins follow-up framework from German blue chip
Proton Power Systems, the fuel cells and electric hybrid systems specialist, has signed a seven-year, €15m framework agreement with a major customer in Germany.
John Laing Infra completes purchase of stake in Oldham PPP
John Laing Infrastructure said it has completed the acquisition of a 95% interest in the Oldham Social Housing public private partnership (PPP) project.
Tuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust
HSBC’s Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe “most in need of a change in CEO”, Mr Gulliver, who has run the region’s biggest lender since 2011, won by a chunky margin. - Financial Times.
Monitise no longer in discussions over content business
AIM-listed mobile payments processor Monitise said discussions regarding a possible sale of its content business, Markco Media, have now ended.
St Modwen says trading has started well
Property company St Modwen said the trading for the year had started well as it continued to extract both short and long-term value-generating opportunities from its land bank through asset management activities, remediation, and success in planning and development.
German retail sales unexpectedly drop in April
German retail sales unexpectedly fell in April, according to the latest figures from Destatis.
London pre-open: Stocks seen flat as traders return after long weekend
Stocks in London were expected to open flat on Tuesday as traders returned to their desks after the Bank Holiday weekend.
IG Group sees full-year earnings slightly ahead of views
Spreadbetting firm IG Group reported solid trading in the fourth quarter and said earnings for the year are set to be slightly ahead of expectations.
IG finishes year strongly, Alliance and RIT confirm talks
London open The FTSE 100 was being called 10 points lower on Tuesday morning from the 6,270. 79 it closed last week.