Latest News
FTSE 100 movers: Retailers on the rise but miners drop as iron ore retreats
London’s FTSE 100 was down 2% to 7,178. 87 in afternoon trade as the pound surged versus the euro and the dollar after Prime Minister Theresa May announced plans for a snap general election on 8 June.
US housing starts decline unexpectedly in March
Homebuilding activity in the US slowed in March although a key indicator of futures trends held up.
Goldman Sachs posts weak first quarter numbers amid mixed markets
Goldman Sachs posted weaker than expected results for the first quarter as its revenues from bond trading fell well short of analysts' forecasts.
Saffron Energy starts first production at Italy gas field
Saffron Energy started first production at its Italy gas field on 13 April, just seven weeks after the natural gas producer floated on AIM.
Someone's had enough of their Weetabix - Chinese food group sells up
Cereal brand Weetabix is set to be sold by China's Bright Food Group to US consumer company Post Holdings, as the breakfast product failed to fuel enough interest in the Chinese market.
Tuesday broker round-up
Esure: Barclays downgrades to Equal Weight with a target price of 234p.
Mosman Oil & Gas to buy a 50% stake in Texas oil project
Mosman Oil & Gas is to buy a 50% stake in the Strawn oil project in the US for $75,000.
Netflix subscriber growth falls short of expectations
Video streaming company Netflix Inc added fewer subscribers than expected during the first quarter of 2017, but its profits beat estimates from analysts on an earnings per share basis.
Barclays downgrades Hastings, Esure
Barclays downgraded Esure and Hastings Direct to ‘equalweight’ from ‘overweight’ as it took a look at the UK motor insurance sector.
Richland Resources ramping up Capricorn production
Gemstones producer and developer Richland Resources announced its unaudited quarterly operational and sales update for the first quarter on Tuesday, with 699,957 carats produced as part of the production and ramp-up process for the Capricorn Sapphire mine held by wholly-owned subsidiary Capricorn Sapphire.
Anglo Asian 'optimising' production in Azerbaijan
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on its exploration and production optimisation strategy on Tuesday, together with a quarterly review from its Gedabek gold, copper and silver mine in western Azerbaijan for the three months to 31 March.
London midday: Stocks drop as pound gains after PM announces snap election
London stocks slid on Tuesday while the pound gained ground after Prime Minister Theresa May announced plans to call a snap general election on 8 June.
IronRidge expands Ivory Coast gold prospects
IronRidge Resources announced on Tuesday that it secured the right to acquire an additional highly prospective gold license application, which it said complemented and enhanced its existing projects in Ivory Coast, West Africa.
Theresa May calls snap general election on 8 June
Prime Minister Theresa May announced the UK will hold a general election on 8 June.
Europe midday: Stocks decline on French election concerns
Following the Easter break, European stocks declined on Tuesday as investors eyed the first round of voting for the French presidential election in five days’ time.
US pre-open: Stocks seen weaker ahead of earnings
US futures pointed to a weaker open on Wall Street on Tuesday as investors eyed results from the likes of Bank of America and Goldman Sachs and kept an eye on developments between the US and North Korea.
Metal Tiger, Sprott extend private placement deadline
Natural resources investing company Metal Tiger announced on Tuesday that, further to its announcements on 28 and 29 March relating to the Sprott Private Placement Offering, Sprott and Metal Tiger had mutually agreed to extend the closing date to 20 April from 17 April.
French election race tightens, 'worst case' Le Pen-Melenchon battle possible
France's presidential election race tightened with just five days to go before voting begins, with radical leftist Jean-Luc Mélenchon picking up support at the expense of far-right candidate Marine Le Pen.
Asia report: Markets mixed after politically tense Easter weekend
Markets in Asia finished mixed on Tuesday with traders mostly shrugging off geopolitical tension in the region, after another failed missile test from Pyongyang as US Vice President Mike Pence toured the region.
Trump congratulates Erdogan despite Turkish referendum controversy
Criticism of Turkey's referendum result grew louder on Tuesday, with the European observers claiming close to three million votes could have been manipulated.