Latest News
FX roundup: Sterling falls as Fed, BoE rate calls loom amid US election, Brexit worries
Sterling was lower on most key crosses on Tuesday afternoon with analysts holding mixed views on how much of this was linked to UK manufacturing data and at the same time keeping a wary eye on two central bank policy decisions this week.
Director dealings: IHG boss's wife checks out, Curtis and Banks eye bargain
The wife of Intercontinental Hotels chief executive, Richard Solomons, has sold almost £1. 2m worth of shares in the company despite the confident language employed by her husband in recent weeks.
Small cap round up
AIM-listed engineer Renew Holdings has bought Giffen Holdings, a provider of mechanical, electrical and power services for railways, for an initial £5m. A further £2m will also be spent to redeem loans from Giffen's current private equity owners, while the whole consideration will be paid from the company’s existing cash resources.
FTSE 100 movers: Housebuilders on the rise while BP slumps
FTSE 100 index fell 0. 05% to 6,949. 42 in the late afternoon.
London close: Stocks fall ahead of Fed, BoE policy announcements
London stocks declined on Tuesday as investors sifted through a barrage of manufacturing data and looked ahead to US and UK central bank decisions this week.
Europe close: Stocks finish lower on jitters ahead of central bank decisions
European stocks closed in the red on Tuesday as investors looked ahead to this week’s central bank meetings and digested a batch of manufacturing figures.
FTSE 250 movers: Moneysupermarket surges but BTG slumps on downgrade
London’s FTSE 250 was flat at 17,550. 91 in afternoon trade.
Results round-up
Underlying third-quarter profits halved at BP compared to last year but the fall was not as bad as feared as the oil colossus continues to chip away at costs.
Pantheon Resources confirms spudding at onshore Tyler County
Oil and gas exploration company Pantheon Resources announced on Tuesday that the Nabors F12 rig has spudded the VOBM 4 well, onshore Tyler County, in which Pantheon has a 50% working interest.
US open: Markets falter ahead of Wednesday's Fed meeting
US equities faltered on Tuesday, as data revealed that the manufacturing sector grew steadily ahead of the Federal Reserve’s meeting on Wednesday, when the central bank is expected to stand pat on interest rates.
Vietnam Infrastructure confirms delay in mobile base station sale
Infrastructure investment vehicle Vietnam Infrastructure announced a delay in the close of its previously disclosed share sale and purchase agreement to transfer 100% of its holding in Southeast Asia Telecommunications Holdings to OCK Vietnam Towers on Tuesday.
Falanx Group cyber revenue grows more than 1000pc
Global intelligence, security and cyber defence provider Falanx Group announced its interim results for the six months to 30 September on Tuesday, with the board claiming significantly increased cyber revenue to £0. 3m.
W Resources raises £1m in placing
Iberian Peninsula-focused tungsten, copper and gold, production, exploration and development company W Resources announced on Tuesday it has completed a placement of 192,307,693 ordinary shares of 0. 1p per share at 0. 52p per ordinary share to raise £1m before expenses, to new and existing shareholders and a director of W.
Carillion's JV wins £1.1bn MoD contract
Facilities manager Carillion’s joint venture has won £1. 1bn construction and support services contracts from the Ministry of Defence.
Commodities: Crude rises amid split views on when $60/bbl will be hit
Crude futures are tending higher on Tuesday but remain well below the $50 a barrel mark and face choppy pricing action into 2017, with expert views diverging on whether it will hit $60 a barrel this year or next.
Rare Earth Minerals granted further licenses at Czech mine
AIM-listed miner Rare Earth Minerals has been granted further licenses for its Cinovec lithium tin project in the Czech Republic.
ULS Tech's half year profits in line with expectations
ULS Technology, a provider of online platforms for the conveyancing and financial markets, reported that half year profits were in line with expectations against a downturn in the housing market in wake Brexit vote.
IBEX GlobalSolutions to cancel trading on AIM
Business outsourcing company Ibex Global Solutions is to cancel trading on AIM so it can be bought by India Bidco.
ISM manufacturing survey beats expectations
Growth in the US economy’s manufacturing sector improved more than expected in October, according to the US Institute for Supply Management.
US construction spending unexpectedly drops in September
US construction spending unexpectedly declined in September, according to the latest figures from the US Commerce Department.