Latest News
Fed to hike rates but with dovish undertones, BofA says
The US central bank was set to hike its main policy rate for a second time on Wednesday, but overall the announcement would have dovish undertones, according to economists at Bank of America-Merrill Lynch.
Sky Deutschland secures rights to broadcast UEFA Champions League
Sky's German unit has secured the rights to broadcast the UEFA Champions League.
Acacia looks to clear up Tanzanian 'illegal mining' dispute
Acacia Mining has confirmed that it is continuing to operate all three of its mines in Tanzania, after the government accused it of operating illegally and avoiding tax by under-declaring its gold exports.
German economic sentiment unexpectedly deteriorates in June - ZEW
German economic sentiment unexpectedly deteriorated in June, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Monitise agrees £70m takeover by Fiserv
AIM-listed financial services digital technology firm Monitise has agreed to be taken over by US technology group Fiserv for £70m.
Ashtead hikes dividend 22pc amid confidence in 'strong markets'
Ashtead Group proposed hiking its dividend by almost a quarter after the construction equipment hire firm beat the City's profit forecast and foresaw another good year ahead.
Trump facing lawsuit for not severing business interests
US President Donald Trump will face a lawsuit from the attorney generals of Maryland and Washington, who claim that he has not done enough to separate his business interests from his role in the White House.
Deutsche Bank cautious on European equities in near-term
Strategists at Deutsche Bank reaffirmed their year-end target for the pan-European Stoxx 600 index but cautioned clients that further weakness might lie ahead over the coming months, before a recovery took place in the final stretch of 2017.
ProPhotonix delivering more lasers for 3D printers
LED illumination system and laser diode module designer and manufacturer ProPhotonix announced on Tuesday that it had now delivered more than 50,000 laser modules for use in 3D printers and 3D scanners.
UBS starts WPP at 'buy', says risk/reward skewed to upside
Advertising giant WPP got a boost on Tuesday as UBS initiated coverage of the stock at 'buy' with a 2,050p price target, saying the risk/reward balance is skewed to the upside.
N Brown chairman Higginson steps down
Andrew Higginson is stepping down as chairman from clothing retailer N Brown after five years in order to pursue opportunities in private equity.
Intercede launches projects with VMWare, Imagination
Digital identity, credential management and secure mobility specialist Intercede announced on Tuesday that it was collaborating with VMWare and Imagination on two “separate, significant” projects utilising Intercede's MyID and MyTAM software.
Punch Taverns-Heineken deal could be probed by CMA
Punch Taverns' sale of around 1,900 pubs to Heineken could be investigated by UK financial authorities unless the pair propose a solution to reduce the potential loss of competition in certain areas.
Legal & General reports 'strong start' to year
As investors and analysts gathered in London for Legal & General’s capital markets event on Tuesday morning, the company also updated the market on its year-to-date, saying it had a “strong start” having completed more than £1bn of bulk annuity sales.
London open: Stocks, sterling nudge higher ahead of inflation data
London stocks and sterling nudged higher in early trade on Tuesday as investors eyed the release of key inflation data.
Europe open: Stocks recover their poise ahead of central bank decisions
Markets bounced back at the start of the session, with investors apparently recovering their calm following Monday's sharp drop in technology stocks and ahead of the US central bank's policy announcement due the next day.
Tuesday newspaper round-up: 'Credit impulse', soft Brexit, end of austerity
The global ‘credit impulse’ has fallen as dramatically over recent months as it did during the onset of the Lehman crisis, signalling serious headwinds for the world economy and asset prices just as the US Federal Reserve tightens monetary policy. A key UBS tracking indicator shows that the impulse has plummeted by 6pc of GDP since peaking last year, driven by powerful swings in China and the US. - Telegraph.
Halma full-year profit jumps 17%
Health and safety technology group Halma posted a jump in full-year revenue and profit, thanks in part to acquisitions.
Telecom Plus earnings up despite dip in revenue
Low-cost multi-utility retailer Telecom Plus - which trades under the brand name Utility Warehouse - announced its final results for the year to 31 March on Tuesday, confirming its results and the dividend were in line with expectations.