Latest News
UK trade deficit widens in June, with weak pound boosting import prices
The UK´s shortfall on international trade worsened in June, with economists saying that exports had yet to react to the weakening seen in the pound, which in the very short-term in fact had the effect of making imports more expensive, thus adding to the deficit.
Director dealings: Chi-Med director's wife bags a bargain?
The wife of Hutchison China MediTech (Chi-Med) director Christopher Nash has swooped into the market to pick up a few of the company's shares a after hearing good reports on the China-based biopharma outfit's recent interim results and bulging drug pipeline.
US open: Stocks gain as traders digest data
US stocks advanced on Tuesday as oil prices rose and investors digested mixed economic data.
Stagecoach workers back East Coast strike action
Stagecoach rail franchise Virgin Trains East Coast was presented with the prospect of a strike on Tuesday, after rail workers have voted to walk out in a dispute over job cuts, working conditions and safety.
Results round-up
Payments processor Worldpay – which floated on the London Stock Exchange last year – reported a rise in first-half underlying earnings and pre-tax profit amid strength in all its businesses, as it declared a maiden interim dividend of 0. 65p per share.
Barclays reaches $100m Libor-rigging settlement with US states
Barclays agreed to pay $100m, or £77m, to 44 US states for “fraudulent and anti-competitive conduct” in the Libor interest rate rigging scandal.
SCS Group says FY results to meet market expectations
Furniture retailer SCS Group said it expects full-year results to be in line with market estimates as it reported a jump in like-for-like sales.
FTSE 250 movers: Amec Foster Wheeler ascends while SIG shares sink
The FTSE 250 was in the green in afternoon trading on Tuesday, with the markets boosted by a some positive results announcements during the morning.
Morrisons and Ocado extend online grocery deal, analysts say both sides benefit
Morrison's has agreed to take 30% capacity of Ocado new customer fulfilment centre (CFC) in Erith by 2018, bought a new 'store pick' software licence and eased previous restrictions on the online specialist working with other UK supermarkets.
UK GDP growth slumps to half previous rate, NIESR data shows
UK economic growth halved in the last three months, according to analysis by a respected independent think tank, which is worse than the market expected and adds credence to predictions that the economy will contract in the third quarter and then fall into recession.
Brazilian retail sales volumes surprise to the upside in June
The contraction in Brazilian retail sales slowed sharply in the second quarter of 2016, prompting at least one economist to say that the recession in the country´s domestic demand was over.
US labour productivity registers unexpected drop in second quarter 2016
US labour productivity fell for a third consecutive quarter over the three months ending in June, pressuring labour costs higher despite slower wage growth, although inflationary pressures eased substantially, leaving economists divided on the implications of the data for monetary policy.
Smiths Group sees FY revenue, operating profit ahead of views
Shares in Smiths Group rallied on Tuesday after the company sounded an optimistic note on its prospects for the full year.
FTSE 100 movers: Worldpay rallies but Legal & General slumps on results
London’s FTSE 100 index was up 0. 3% to 6,833. 83 in afternoon trade, with earnings providing a boost as investors sifted through a raft of data releases.
US small business confidence continues to recover from early 2016 dip in July
Small business confidence Stateside edged slightly higher in July as reflected in two separate gauges linked to their hiring plans and ability to meet their staffing needs.
Wednesday preview: Prudential in focus with first half results
Prudential is expected to report on Wednesday a slight increase in profit in the first half, driven by growth in Asia and in the US.
FCA fines broker Cenkos £530,000 for failed Quindell LSE promotion
Small cap stockbroker Cenkos Securities was fined £530,000 by the Financial Conduct Authority (FCA) on Tuesday for failing as a sponsor to scandal-hit Quindell.
Tri-Star Resources says Oman project has placed first equipment order
Strategic & Precious Metals Processing (SPMP) – Tri-Star Resources’ joint venture with the Oman Sovereign Wealth fund – has placed its first major equipment order, launching the Oman Antimony Roaster (OAR) project into the procurement and implementation phase.
Tuesday newspaper share tips: Smith & Nephew, Meggitt
Smith&Nephew offers investors exposure to good market positions, especially in the emergng markets space, and a way to tap into the company´s successful acquistion track record, The Times´s Tempus says.
Shire launches von Willebrand disease drug in the US
Shire announced the US launch of Vonvendi on Tuesday, which is the only recombinant treatment for adults living with von Willebrand disease (VWD) – a hereditary bleeding disorder.