Latest News
InfraStrata buys another chunk of Islandmagee Storage
Independent petroleum exploration and gas storage company InfraStrata reported on Tuesday that its wholly owned subsidiary, InfraStrata UK, has acquired an additional 25% equity stake in Islandmagee Storage (IMSL).
50 MPs to lose their parliamentary seats in constituencies shake-up
A number of high profile politicians and over 50 MPs could lose their seats after the 2020 general election in a revision of the British electoral map.
FTSE 250 movers: JD Sports sprints ahead while CYBG lingers
The FTSE 250 was just in the red in afternoon trading on Tuesday, as investors evaluated UK inflation data and a key speech by Federal Reserve governor Lael Brainard.
STM Group numbers slip as it acquires London & Colonial
Multi-jurisdictional financial services company STM Group announced its unaudited interim results for the six months to 30 June on Tuesday, with revenue down to £7. 9m, compared with £8. 3m a year ago.
Shore Capital takes Brexit in its stride in first half
Shore capital, an independent investment group specialising in capital markets, principal finance and asset management, reported an increase in revenues across its operations in the first half despite the shock from the Brexit vote.
FTSE 100 movers: Weaker oil and pound drives rises
The FTSE 100 was little moved by Tuesday's events with the index oscillating around parity for most of the session.
Manx Telecom treading water in first half results
Isle of Man communications services provider Manx Telecom announced its results for the six months to 30 June on Tuesday, with revenues of £39. 2m, down slightly from £39. 8m in the first half of 2015.
Sportech enters exclusivity on Football Pools disposal
Sportech announced on Tuesday that it has entered into exclusivity with Burlywood Capital over the proposed sale of The Football Pools for a total cash consideration of £97. 25m, on a debt free, cash free basis.
IEA cuts 2016 oil demand forecast, Brent futures drop
The world's thirst for oil was set to increase less then previously expected, the rich-world's energy watchdog said, given a more pronounced slowdown in the third quarter of 2016.
Sky's Love Productions rejects BBC to sell 'Bake Off' to Channel 4
Love Productions, a television producer 70%-owned by Sky, has secured a much improved rights deal for its hugely successful The Great British Bake Off programme with Channel 4 after negotiations broke down with the BBC.
Parliamentary consent needed to trigger Article 50, says HoL
The government should not trigger Article 50 without consent from Parliament as it would be “constitutionally inappropriate”, according to the House of Lords Constitution Committee in a report.
Christine Lagarde criticises Trump policies in Canada speech
International Monetary Fund head Christine Lagarde has attacked anti-free-trade policies in a speech in Canada, in a move aimed at US presidential hopeful Donald Trump.
UK banks sign up for contactless Android Pay system
Santander, Royal Bank of Scotland and its two subsidiaries Natwest and Ulster Bank have all weighed in behind Google's new contactless payment system, four months after the app's launch.
US open: Stocks drop as oil prices fall on supply glut worries
US stocks were in the red on Tuesday as oil prices fell and as investors continued to digest dovish comments by Federal Reserve governor Lael Brainard.
Citi downgrades HSBC to neutral following outperformance
Analysts at Citi downgraded their view on shares of HSBC given the resilience in the lender's share price despite recent earnings downgrades from the analyst consensus.
Results round-up
Sports, fashion and outdoor brand retailer JD Sports Fashion posted its interim results for the 26 weeks to 30 July on Tuesday, with revenue up 20% to £970. 57m compared to the first half of last year.
Flowtech Fluidpower boosts revenue and earnings in first half
Flowtech Fluidpower posted its half year report on Tuesday, with group total revenue up 28% at £27. 39m.
Broker tips: AB Foods, Britvic, Purplebricks
Associated British Foods shares fell on Tuesday as Numis downgraded its rating on the stock to ‘hold’ from ‘add’ and cut its target price to 2,942p from 3,016p following a trading update from the Primark owner.
Escher Group posts rise in first-half profit
Escher Group posted a rise in interim profit for the six months to the end of June.
Goldman Sachs cuts odds of US rate hike in September to 25% from 40%
Goldman Sachs has cut its odds of US rate hike next week to 25% from 40% and lifted its odds that the next increase will come at the December meeting to 40% from 30% following a series of mixed comments from Federal Reserve officials that culminated in governor Lael Brainard’s speech on Monday.