Latest News
New Zealand milk prices increase for fourth straight auction session
Milk prices were on the rise in New Zealand for the fourth auction in a row on Tuesday, as the most recent Global Dairy Trade session closed with a 3. 5% rise in the price index.
Broker tips: HSBC, Tullow Oil, Barratt Developments
Morgan Stanley upgraded HSBC to ‘equal weight’ from ‘underweight’ and raised its price target to 645p from 550p.
Revenue and profits improve for Oxford Metrics
International software company servicing government, life sciences, entertainment and engineering markets, Oxford Metrics, announced its preliminary results for the financial year to 30 September on Tuesday.
Russia CPI slips in November as good harvest cuts food prices
Increases in the cost of living in Europe's largest country declined in November as food price inflation slowed, but not by enough to justify another interest rate cut at its central bank's next policy meeting.
Manx Telecom to provide roaming services for Chinese visitors, diaspora
AIM-listed Manx Telecom has won a contract from China Unicom to provide roaming connectivity for Chinese visitors to the UK.
FTSE 100 movers: Banks rally but miners lose ground
London’s FTSE 100 was up 0. 1% to 6,750. 17 in afternoon trade as investors continued to mull over the implications of the Italian referendum and PM Renzi’s resignation.
UK trade deficit surges £6bn after ONS admits 'processing error'
A sizeable error has been found in official UK trade data, such that the third quarter external trade deficit did not narrow to £11bn from £12. 7bn as first announced but in fact increased from £9. 9bn to £17bn.
US labour productivity flat in third quarter of 2016
A key gauge of the efficiency of US workers expanded at its fastest quarterly clip in two years during the third quarter of 2016, but even so was unchanged when compared with year-ago levels.
Total wins licenses on three Mexican blocks
Total announced on Tuesday it has been awarded exploration licenses on three blocks in offshore Mexico, following the country’s first competitive deep water bid round.
Berkeley Energia brings forward construction of processing plant
Uranium explorer Berkeley Energia has bought land in Spain to accelerate the development of its mine and brought forward construction of its processing plant by several months.
Wednesday preview: Stagecoach reports first half results
Stagecoach reports its first half results on Wednesday with analysts expecting similar revenue trends as reported at the September trading update.
US trade deficit jumps sharply in October
The shortfall in America’s trade in goods and services with the rest of the world registered a sharp jump in October, as imports grew even as sales overseas fell.
Asiamet Resources raises £2m to fund copper mine development
AIM-listed miner Asiamet Resources raises £2m through a private equity placing, in order to fund its copper project in the next stage of development.
Go-Ahead's Southern rail contract extended until December
The Department of Transport has extended Go-Ahead’s contract for the Southeastern franchise by 24 weeks until December 2018.
UK will have 18 months to negotiate Brexit deal, EU negotiator says
Britain will have only 18 months to extricate itself from the EU and will not be able to “cherry pick” the rights it wants, the bloc’s chief Brexit negotiator Michel Barnier said on Tuesday.
Europe midday: Italian banks stage comeback after referendum losses
European stocks edged higher, with Italian equities bouncing back from losses in the previous session on the outcome of the constitutional referendum, with banks in particular regaining ground.
Vianet reports solid numbers for first half
Real time monitoring systems, data management services and business intelligence provider Vianet Group announced its interim results for the six months to 30 September on Tuesday.
Britain facing its first lost decade since 1860s, says Mark Carney
Britain is facing its “first lost decade since the 1860s”, the Governor of the Bank of England said as he warned about the tensions from globalisation.
Northgate appoints ex Avis boss as new CEO
After six years at the wheel, commercial vehicle supplier Northgate's chief executive Bob Contreras will step down in January, with his replacement announced as former Avis boss Kevin Bradshaw.