Latest News
US close: Stocks mixed after raft of corporate earnings
US stocks finished mixed on Tuesday as investors waded through a batch of corporate earnings from the likes of Johnson & Johnson and Lockheed Martin.
Commodities: Dollar strength amid weak data, cautious forecasts weighs on prices
Commodities retreated as investors pushed the US dollar to a four-month high and the International Monetary Fund opted to take an optimistic view on the likely impact of Brexit, even while cautioning that its forecast assumed Britain and the European Union would avoid a “large increase in economic barriers”.
JP Morgan upgrades Coca Cola HBC, hikes target
Analysts at JP Morgan bumped up their recommendation on shares of Coca Cola HBC, pointing out how the European Beverages sector had proved more resilient than competitors beer or spirits to the volatile macroeconomic backdrop.
Sector movers: Real estate, Oil&Gas pace gains, mining down
Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year.
Directors dealings: Commercial property firm McKay's boss and finance chief sell shares
McKay Securities's boss, Simon Perkins, and his finance chief Giles Salmon unloaded a raft of shares in the real estate investment trust awarded to them as part of the company's 2007 Mckay performance scheme, on 18 July, the company said in a statement.
Tuesday newspaper share tips: British Land, BAE Systems
Nobody knew where the UK property market was heading, but the discount between where the shares of British Land were trading and the company's net asset value looked "too wide", The Times's Tempus said.
Fund managers' cash hoard biggest in July since late 2001, BofA ML survey shows
Fund managers turned outright bearish on global equities in July, stashing more money under the proverbial mattress than at any time since two months after the tragic September 11 attacks on the twin towers in New York, according to the results of a widely-followed survey.
Deliveroo offers alcohol deliveries from Majestic Wine and BrewDog
The ever expanding delivery business Deliveroo is extending its bicycle courier service to bring alcohol to thirsty UK customers' doorsteps.
S&P downgrades outlook on Deutsche Bank debt to 'negative'
S&P Global Ratings said on Tuesday it had revised its outlook on Deutsche Bank's long-term credit ratings to 'negative' from 'stable' due to a “difficult operating environment” which might challenge the execution of its strategy.
Europe close: Stocks end lower after downbeat ZEW report
European stocks incurred in moderate losses, led lower by basic resources, and as the latest ZEW survey showed German investor sentiment fell to its lowest level since November 2012 in the wake of the EU's decision to leave the European Union.
Barclays plans to sell its Egypt unit
Barclays bank has put its Egyptian unit up for sale with interest from two banks from the Middle East and North Africa having surfaced.
John Menzies appoints new Chairman
John Menzies, the Scottish distribution and aviation company, have announced the appointment of Dr Dermot F Smurfit as its new chairman on Tuesday.
UK's Hammond says BoE will take first steps on Brexit shock recovery
British finance minister Philip Hammond said on Tuesday the Bank of England would take the first steps to help steer the economy through its Brexit shock, and possible budget measures would not come until later this year, Reuters reported.
London close: Stocks flat on UK inflation, geopolitical woes
London stocks finished flat on Tuesday as investors weighed stronger-than-forecast UK inflation data against geopolitical worries and the International Monetary Fund’s downgrade on its global growth forecast.
Volkswagen officials covered up diesel cheating, says NY lawsuit
Senior executives from Volkswagen, including current chief executive Matthias Muller, covered up evidence that the German car manufacturer had cheated on US diesel emissions tests for years, New York state accused on Tuesday in a civil lawsuit against the company.
Turkey sacks 15,200 ministry of education staff as purge expanded
Turkey sacked 15,200 staff at the ministry of education on Tuesday in the latest purge of anyone thought to be affiliated with the coup attempt.
Carr's trading in line despite market challenges
Agriculture, food and engineering company Carr’s Group posted a trading update for the 20 weeks to 19 July on Tuesday, confirming trading remained in line with the board’s expectations for the financial year to 3 September.
Safestyle expects no short-term effects from Brexit
PVCu replacement windows and doors manufacturer Safestyle does not expect any short-term “detrimental effect” from Brexit with the company adding it was trading in line with enhanced expectations for the year.
Sinclair Pharma posts jump in half-year revenues
Sinclair Pharma, whose healthcare products unit was purchased by Alliance Pharma last year, reported a jump in revenue for the six months ended 30 June.