Latest News
US pre-open: Stocks seen slightly lower ahead of Fed; blizzard could dent volumes
Stocks on Wall Street looked set for a slightly weaker open on Tuesday as investors awaited the Federal Reserve's latest rate decision, while trading volumes could be affected by a "life-threatening" blizzard set to hit Northeastern states.
STM lifts FY profit, warns on QROPS impact on 2017 revenue
Shares in STM Group are up almost 3% after it posted a slight rise in full-year pre-tax profit, despite it warning the Government's proposed new QROPS policy has led the company to lower its 2017 revenue expectations by about £1. 1m.
German investor sentiment improves less than expected in March
German economic sentiment improved a little less than expected in March, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK mortage activity may have entered secular decline in January, CML says
Mortgage activity in the UK appeared to have entered into secular decline according to the results of a survey from a leading business group.
Tuesday broker round-up
Amec Foster Wheeler: Citigroup downgrades to Neutral/High Risk with a target price of 580p.
C4X Discovery aims to raise £7m to invest in partnership deals
Drug developer C4X Discovery is to raise £7m in order to strengthen its balancing sheet amid discussions for partnerships and strategic collaborations.
Europe open: Stocks lower as traders keep an eye on politics
European stocks began the morning slightly lower on Tuesday despite stronger than expected data on investment out of China, as investors tracked a mixed close on Wall Street ahead of an avalanche of risk events the next day.
Eurozone industrial production grows less than expected in January
Eurozone industrial production grew less than expected in January, according to the latest figures from Eurostat.
Crossrider earnings down as it buys CyberGhost
Online distribution and digital product company Crossrider announced its final results for the year ended 31 December on Tuesday, with revenue of $56. 5m, down from $84. 6m in 2015.
Saffron Energy's Italian natural gas contract with Shell is extended
Natural gas developer Saffron Energy’s off-take contract with Royal Dutch Shell has been extended to 1 October 2018 with a deal for a further one-year extension.
NATO calls on members to increase defence spending
Members of the North Atlantic Treaty Organisation are falling short on defence spending, according to its Secretary General Jens Stoltenberg.
German consumer prices set to ease, economists say after CPI data
Headlince consumer prices in Germany jumped past the European Central Bank's definition of price stability in February, but were set to ease over coming months and quarters, economists said.
Exillon Energy production down slightly in February
Russia-focussed oil producer Exillon Energy, which has assets in the oil-rich regions of Timan-Pechora and West Siberia, announced slightly depressed unaudited production data for the month of February on Tuesday.
Gym Group muscles into the black
Gym Group muscled its way into the black in 2016 and has started 2017 well as it continues to push its disruptive no-contract model as part of its plans for rapid expansion.
Ilika teams up with Galvani on medical impant battery project
Solid-state battery technology innovator Ilika announced a two-year collaborative project with Galvani Bioelectronics to develop a solid state battery for miniature medical implants on Tuesday.
S&P questions global miners' transformation into cash machines
Years of cuts to capital expenditure budgets had turned the biggest mining companies globally into cash machines as commodity prices rebounced, Standard&Poor's said.
French Connection posts another year of losses
Fashion retailer French Connection has reported a loss for the fifth year in a row on Tuesday.
Pound falls to eight-week low on Brexit, Scottish referendum concerns
The pound fell to an eight-week low against the dollar on Tuesday after the UK parliament approved the government's plan to start the process of leaving the European Union.
BCC upgrades 2017 UK growth forecast, but lowers 2018 expectations
The British Chamber of Commerce has upgraded its growth forecast for the British economy in 2017 following stronger-than-expected consumer spending, but maintained a flat outlook in the medium-term as the country embarks on Brexit negotiations with the European Union.
London and other UK cities struggle in quality of living survey
Vienna came out on top once again in an annual survey ranking the highest quality of living among hundreds of major cities, while London slumped to 40th place and other cities in the UK struggled to make an impact.