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Boeing's shares fall as Trump tweets Air Force One order should be cancelled
After President-elect Donald Trump tweeted that an order for a new model of Air Force One planes should be cancelled as costs have got “out of control", shares in Boeing fell about 1% in pre-market trade.
US close: Stocks end higher as traders mull data, Italian banks
US stocks closed higher on Tuesday as investors sifted through economic data and mulled over reports of a possible state bailout of Italian bank Monte dei Paschi.
Commodities: US shale producers hedge their production
Crude oil futures slipped back with markets focused on the possibility that US alternative oil producers were using the current upswing to lock-in prices for their production in 2017 and 2018.
Europe close: Italian banks storm ahead
European stocks ended higher, with Italian equities registering sharp gains as shares in the country's banks raced higher amid heavy market speculation concerning a possible state bail-out for stricken lender Banca Monte dei Pachi di Siena.
Hummingbird secures capital to reach gold production target
Hummingbird Resources, an AIM listed gold production, development and exploration company, has announced that it has secured two credit facilities worth $55m to overcome the final corporate hurdle in the development of the Yanfolila gold project in Mali.
Small cap round up
Tristel, a manufacturer of infection prevention and contamination control products, issued shares to raise equity as it expands internationally. In its final results for the 2016 financial year, the company said it plans to implement its strategy to deliver long-term sustainable growth to shareholders, distribute surplus cash to shareholders, invest in gaining gaining regulatory approval to enter new geographic markets, and to invest in the design and development of new and existing products.
Arrow acquires Italian Zenith Service spa for €17m
Arrow Global group, a purchaser and manager of debt, agreed terms to acquire Italian financial services company Zenith Service Spa for an enterprise value of €17m, as part of an effort to enter the Italian market worth €168bn.
London close: FTSE closes higher as banking shares rally
The FTSE 100 closed slightly higher on Tuesday as a rally in banking shares offset weakness in commodity stocks.
FX round-up: Main currency pairs little changed ahead of ECB meeting
Markets were little changed as traders digested the news-flow related to the possibility that stricken Italian lender Banca Monte dei Paschi di Siena might be allowed access to limited state aid and ahead of the European Central Bank's policy meeting on Thursday.
Northgate profits hit by low vehicle hires in UK
Northgate, specialist in light commercial vehicle hire in the UK, Spain and Ireland, has reported a 11. 9% fall in profits due to lower opening vehicles on hire in the UK.
Bullish trend reversals explained by FXTM expert
Traders spend many hours and days exploring ways to enter the market the fastest way possible.
Ofcom wants to open up BT's ducts and poles
A new promise to broadband providers was made by Ofcom on Tuesday, saying they will be able to build ultrafast, full fibre networks more cheaply and easily than they can now, still using infrastructure owned by BT.
Director dealings: OneSavings group misses out on upgrade uplift
A group of OneSavings Bank directors missed out on thousands of pounds in the challenger bank as they sold just before its shares were lifted 7% by a broker upgrade on Tuesday.
Galantas Gold plans underground mining as court case continues
Galantas Gold Corporation announced on Tuesday that it intends, subject to suitable financing, to commence underground development and restart concentrate shipments at its Omagh, Northern Ireland gold mine.
Sector movers: Banks gain, amid improved sentiment towards Italian lenders
Banks as a group continued to gain altitude, tracking an advance by peers in the States during the previous session and amid 'market-chatter' that limited state aid might be extended to stricken Italian lender Banca Monte dei Paschi di Siena.
Results round-up
As growth at Ashtead Group's UK and US divisions has been at the faster end of its expectations, with a further boost from the pound's collapse, the plant hire group said it now expects full year results will exceed its original targets.
FTSE 250 movers: CFD providers crumple, Drax diversification delights
The FTSE 250 index decoupled from the blue chip benchmark on Tuesday, dragged below 17,500 by sizeable slumps from two spread-betting providers and with broker downgrades hitting others.
Stifel puts a crease in Berendsen shares
Shares in commercial laundry company Berendsen slumped as Stifel downgraded the stock to ‘sell’ from ‘hold’ and slashed the price target to 710p from 1,180p.
US open: Stocks mixed as Monte dei Paschi state bailout looms
US stocks were mostly down on Tuesday, as investors monitored the plight of Italy’s banks, while a state bailout for its oldest looms.
Drax to buy SME energy supplier Opus Energy for £340m
Drax surged as it announced a conditional agreement to buy Opus Energy for £340m and an agreement to acquire four open cycle gas turbine (OCGT) development projects for electricity generation, although it did also reiterate that full-year earnings were likely to be at the bottom end of market expectations.