Latest News
Greece making progress but risks remain high, says Fitch
Eurogroup’s additional approved funding to Greece has shown an improvement in relations with its eurozone lenders, ratings agency Fitch said, but it feels there is a high risk that the programme will go "off track".
Commodities: US dollar strength weighs on prices
A jump in the value of the US dollar, possibly as traders Stateside returned to their desks, weighed on the entire commodity space.
Saudi Arabia may need to cut more, IEA says
Faced with higher output from Libya, Nigeria and Iran, bigger production cuts from Saudi Arabia will be necessary in order for OPEC to meet its informal target of capping their crude oil supplies at between 32. 5m to 33. 0m barrels a day, the rich world's energy watchdog said according to reports.
Bonds: Gilts snap losing streak as Treasuries play catch-up
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Sector movers: Retailers, homebuilders pace gains
Somewhat ironically, it was two of the sectors with perhaps the most to lose from the drop in the pound's value which helped to offset losses in Mining and Oil & Gas even as Sterling continued to skid lower.
Wednesday preview: September Federal Reserve minutes in focus
Central banks will be front-and-centre on investors' minds on Wednesday, although the plummeting British pound will probably not be far from their thoughts either.
Europe close: Oil price decline weighs on main stock benchmarks
A drop in crude oil futures pulled the rug out from underneath European equities, but strength in luxury issues and an encouraging reading on German economic confidence lent some support.
London close: Big Oil, miners drag on Footsie
London's Footsie sagged following disappointing quarterly earnings from US aluminium giant Alcoa and as crude oil futures retreated after climbing to a one-year high during the previous session.
Atalaya Mining's Q3 copper production rises after ramping up activities
AIM-listed copper explorer Atalaya Mining reported an increase in production in the third quarter of the year after it ramped-up activities at its Spanish mine.
Entu sees FY17 operating profits below market expectations
Shares in AIM-listed Entu, a provider of energy efficient boilers, plummeted as it announced it expects earnings before interest, taxes, depreciation and amortisation to be materially below current market expectations for the 2017 financial year.
Small cap round up
Base Resources updated the market on its mineral resources and ore reserves at the 100% owned-and-operated Kwale operation on Tuesday, for the year to 30 June. The ASX and AIM-traded company said mineral resources at Kwale were estimated to be 134. 6Mt at an average heavy mineral grade of 4. 2% and 26% slimes containing 5. 62Mt HM, based on a 1% HM cut-off grade.
Amazon looks to expand grocery operations with new store format
Ecommerce giant Amazon is expanding its reach in the grocery business after as it plans the introduction of convenience stores - according to reports from the Wall Street Journal.
General Electric makes $1.65bn purchase of wind turbine blade maker
US corporation General Electric has announced the acquisition of Danish manufacturer LM Wind Power, one of its key suppliers.
Former Barclays CEO steps up as interim chairman at Atlas Mara
Atlas Mara, a sub-Saharan financial services group, announced that Arnold Ekype has stepped down as chairman with co-founder and non-executive director Bob Diamond taking on the role on an interim basis.
US open: Fedspeak hits shares
Wall Street's main stock market averages fell back in the wake of the latest dose of Fedspeak and following disappointing results from aluminum maker Alcoa.
Fastenal misses on Q3 expectations, shares decline
Industrial supplies manufacturer Fastenal published weaker-than-expected results on Tuesday for its third quarter of 2016, with profits lower as a result of weakness in its core segment.
Berkeley Energia finally begins development at Salamanca
Berkeley Energia commenced development of the Salamanca project in Western Spain in August, it confirmed in an update on Tuesday, after a decade and $60m of investment.
South Africa finance minister summoned to court, sends rand falling
The South African rand tumbled in the wake of the country’s finance minister Pravin Gordhan being summoned to court to charge him with alleged fraud over the granting of early retirement to a colleague.
Genedrive's revenue rises while it re-focuses company
AIM-listed molecular diagnostics company Genedrive’s revenue grew as it re-focused to concentrate on its Genedrive platform, launched a new test in India and changed its name.
Director dealings: Shanks chair buys ahead of merger
Shanks Group chairman Colin Matthews has grabbed a chunk of shares in the company to tie his interests in with shareholders as the waste specialist edges closer to a transformational merger with a Dutch rival.