Latest News
WTO cuts global trade growth forecast by over a third
The World Trade Organisation cut its forecast for global trade growth to 1. 7% from its April estimate of 2. 8%, which would mark the slowest pace of trade since the 2008 financial crisis.
FTSE 250 movers: Mitie slumps on downgrade; Card Factory gains on interims
London’s FTSE 250 was down 0. 7% to 17,600. 21 in afternoon trade.
Turkish bond yields jump again
Longer-term Turkish bond yields continued to move sharply higher after the country's debt lost its investment grade status in the previous week, as economists cautioned the central bank might be willing to pursue even further interest rate cuts despite recent above-target readings on inflation.
FinnAust announces completion of 2016 work programme
Greenland and Finland-focused company FinnAust Mining announced on Tuesday that it has completed its 2016 work programme at the Pituffik Titanium Project in Greenland.
RBS hints at problems with Williams & Glyn sale
Royal Bank of Scotland has warned over the sale of its Williams & Glyn unit.
Facebook told to halt Whatsapp data sharing by Germany
Germany has banned Facebook from collecting and storing data from Whatsapp users in the country, as well as forcing it to delete all data already currently stored by the social media site.
365 Agile becomes shell company
Back-office systems provider 365 Agile Group announced its unaudited results for the six months to 30 June on Tuesday, just over a year after the company completed the acquisition of 365 Agile Limited in a reverse takeover under the AIM Rules on 21 August 2015.
Britain to oppose idea of 'EU army', says defence secretary
Britain is to oppose the idea an EU army, defence secretary Michael Fallon said as Germany and France aim to bolster the continent’s security plans.
Results round-up
Currency tailwinds boosted Wolseley´s full-year revenues as the plumbers´ merchant announced the result of the strategic review for its UK operations.
Markit's flash US services PMI beats expectations in September
Markit’s flash US services purchasing managers’ index printed at 51. 9 in September from 51. 0 in August, beating expectations for a reading of 51. 1.
FTSE 100 movers: Carnival gains again but Wolseley slumps
London's FTSE 100 was down 0. 5% at 6,785. 87 in afternoon trade.
US house price growth slows slightly in July
Home price gains in the US slowed slightly in July.
Morgan Stanley ups Fresnillo to 'equalweight', says more fairly priced
Morgan Stanley upgraded its stance on silver miner Fresnillo to ‘equalweight’ from ‘underweight’ and lifted the price target to 1,620p from 1,520p, saying the risks are now more fairly priced.
Europa Oil offloads North Lincolnshire shares to Union Jack
Oil and gas exploration, development and production company Europa Oil & Gas announced on Tuesday that it has signed a sale and purchase agreement in relation to its 33. 34% interest in the PEDL180 and PEDL182 licences in North Lincolnshire with Union Jack Oil.
Wells Fargo facing class action lawsuit from shareholders
The bad news kept coming in thick and fast churning for US bank Wells Fargo with the lender set to face a class action lawsuit from its own shareholders, as a result of the scandal that saw the company fined $185m for creating unauthorised accounts and credit cards for customers.
Tuesday newspaper share tips: MJ Gleeson, Gemfields
MJ Gleeson‘s focus on the low-end of the housing market has paid off and looks set to continue to do so, The Times’s Tempus said.
Wednesday preview: Yellen testifies before House Financial Services Committee
Federal Reserve chair Janet Yellen testifies before the House Financial Services Committee on Wednesday, a week after the US central bank announced its latest policy decision.
Google to launch public wifi areas in India with Station
US tech giant Google is aiming to expand its reach in India, as it announced on Tuesday plans to launch Google Station.
Avingtrans' revenue falls after selling aerospace division
AIM-listed Avingtrans, which manufactures components to the energy, medical and industrial sectors, reported a fall in revenue after selling its aerospace division, but remains “cautiously confident” about the future of the company due to new contract wins.