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US close: Stocks end a little weaker on Brexit woes, ahead of Fed
US stocks ended a touch lower on Tuesday as investors remained risk-averse amid worries about the possibility the UK might vote to leave the European Union and ahead of the Federal Reserve’s interest rate decision.
Sector movers: Financial services, real estate pace losses
The results of another online poll pointing to increased momentum for the 'Leave' camp ahead of the EU referendum was again weighing on sterling and financial services and real estate investment firms on Tuesday.
Brexit has seven point lead in latest TNS poll
Brexit has a seven point leave over Remain according to the latest TNS online poll on Tuesday, while the UK’s biggest selling newspaper urged its readers to vote to leave.
Commodities: Precious metals continue to advance
Gold futures for delivery in August traded on COMEX edged higher by 0. 25% to finish the session at $1,290. 10, while silver futures slipped 0. 25% to $17. 40/oz. despite pronounced strength in the US greenback.
Europe close: Ongoing Brexit concerns keep a lid on shares
European stocks fell on Tuesday as investors again shunned risk for the relative safety of bonds amid growing concern the UK might indeed vote to leave the European Union at the upcoming referendum and ahead of rate announcements from the Federal Reserve, the Bank of England and the bank of Japan later this week.
London close: Brexit worries weigh on UK equities
London stocks finished in negative territory on Tuesday on Brexit fears and a worse-than-expected UK inflation report.
Study reveals Snapchat not only for youngsters anymore
Picture messaging app Snapchat has long been considered the hip, trendy way to communicate among teenagers and young millenials, but not necessarily with the older generation technology users. However, new research from eMarketer has concluded that it is no longer only for kids. The platform — where photos, video and text last only 24 hours — is quickly gaining ground among every age demographic in the America, including parents.
Directors dealings: Breedon scoops up some shares
Breedon Aggregates's boss moved to show faith in the company's prospects as the Brexit-related uncertainty takes its inevitable toll on economic activity in the UK and the country's construction sector.
Uber trials helicopter service in Sao Paulo
Uber took to the skies in Brazil’s biggest city this week, with the ride-hailing app offering helicopters to commuters wishing to escape the notorious São Paulo traffic.
Small caps news round-up
Paragon Entertainment, an attraction, design and production company, swung to a profit in 2015 on the back of higher revenue. Gross profit grew by 29% from £1. 53m in 2014 to £1. 97, as revenue increased 10% from £7. 7m to £8. 5m. Earnings before interest tax, depreciation and amortisation (EBITDA) rose to £238,000 from £84,000 in 2014.
Paragon Entertainment swings to full year profit
Paragon Entertainment, an attraction, design and production company, swung to a profit in 2015 on the back of higher revenue.
TomCo, Red Leaf hit stumbling block with shale technology
Oil mining company TomCo Energy announced on Tuesday that it has received an update from its technology provider, Red Leaf Resources, containing information which it considers to be material to Red Leaf’s Early Production System capsule, and to its development timetable.
Palace Capital spends £11m on Manchester's Boulton House
Property investment company Palace Capital announced on Tuesday that it has exchanged contracts to acquire the freehold of Boulton House, on Chorlton Street in Manchester, for a consideration of £10. 95m.
Cable skids after TNS Brexit poll
Cable slipped further on Tuesday afternoon, after TNS said its latest poll of voting intentions at the 23 June EU referendum had revealed a "significant lead" for the 'Leave' camp.
US open: Stocks fall ahead of EU referendum, Fed rate decision
US stocks fell on Tuesday as investors remained risk-averse ahead of Britain’s European Union referendum and the Federal Reserve’s interest rate decision.
The first 100 days of Brexit
A few weeks ago, many would have laughed at the prospect of seriously considering a British Leave vote achieving success in the June 23rd referendum, but now it is a distinct possibility. An increasing number of polls are predicting that Britain will indeed vote to abandon the European Union and go it alone. Those in power in Brussels have ordered that nothing should be put down on paper in anticipation of the result, but it is likely that provisions are being put in place for such a situation.
Thousands protest labour reform in Paris
At least 15 people were arrested in Paris on Tuesday at a demonstration against planned changes to labour laws which will make hiring and firing employees easier.
FTSE 250 movers: Go-Ahead goes into reverse on Govia warning
The FTSE 250 index was in the red on Tuesday afternoon as Brexit worries mingled with some disappointing company updates.
Metminco shares flop on Los Calatos equity investment
Shares in Metminco fell more than a third on news of an up to $45m equity investment linked to the Los Calatos Copper Molybdenum Project, Peru, by CD Capital Natural Resources Fund III LP.
FTSE 100 movers: Brexit fears push housebuilders even lower
The FTSE 100 was down in afternoon trading on Tuesday, after UK inflation data missed expectations and Brexit worries intensified.