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Broker tips: Domino's Pizza, Barclays, UK non-food retailers
Shares in Domino's Pizza weren't looking too tasty on Tuesday as Investec initiated coverage of the stock with a 'sell' rating and 271p price target, pointing to a number of challenges.
Shanta Gold reaches agreement to acquire Helio Resource Corp.
Shanta Gold and Helio Resource Corporation announced on Tuesday that they had entered into a definitive arm's-length arrangement agreement dated as of 19 June Vancouver time, under which - subject to Helio shareholder approval and British Columbia Supreme Court approval - Shanta will acquire all of the issued and outstanding common shares of the TSX-listed Helio by way of a statutory plan of arrangement.
Brent crude oil futures testing key level of technical support
Crude oil futures' grip on a key level of technical support was being tested ahead of the release of key industry data on the state of US inventories.
Mitie secures new contract worth up to £168m
Outsourcer Mitie has been awarded a new contract with affordable housing provider Home Group.
Barclays charged by Serious Fraud Office over 2008 Qatar deal
Barclays and four former executives have been charged by the Serious Fraud Office with conspiracy to commit fraud and the provision of unlawful financial assistance over the bank's emergency fundraising deal with Qatar at the height of the financial crisis.
Results round-up
Wolseley turned up the dial on sales in the third quarter, as the heating and plumbing group enjoyed good growth from its main US markets which offset a weak Britain.
Tlou produces first coalbed methane power in Botswana
Botswana-focussed coalbed methane (CBM) power generation developer Tlou Energy announced on Tuesday that it generated its first power from CBM at its field in Botswana following the installation of a gas generator at the Selemo project area.
Man United manager Mourinho accused of tax fraud in Spain
Jose Mourinho, the current manager of Manchester United football club, has been accused of tax fraud in Spain relating to his time as coach of Real Madrid.
Hammond speech pushes for transitionary period post Brexit
Chancellor Philip Hammond used his Mansion House speech to assure the City that he would try and press for a transitionary agreement keeping the UK in the customs union until new rules are implemented.
Amur makes solid progress at Kun-Manie deposits
Russia-focussed nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced its progress through 14 June on its 2017 drill programme at the Ikenskoe / Sobolevsky (IKEN ) and Kubuk (KUB) deposits of Kun-Manie on Tuesday.
Goldman stays at 'sell' on M&S, Debenhams, Sports Direct
Goldman Sachs recommended clients continue to avoid large non-food UK retailers on expectations that non-food sales would slow as the households saving ratio stabilised and fixed costs rose.
Investec keeps Barclays at 'buy' after SFO ruling
Analysts at Investec reiterated their 'buy' stance and target price on shares of Barclays after the Serious Fraud Office charged four former top executives for 'fraud' and the lender itself with two offences of conspiring to commit fraud and on one account of unlawful financial assistance.
OPEC goal of cutting global oil inventories will remain elusive, Morgan Stanley says
The Organisation of Petroleum Exporting Countries' stated aim of cutting excess global oil inventories is likely to prove elusive for some time to come, Morgan Stanley said.
London midday: Stocks edge up as pound hit by Carney comments
London stocks had edged higher by midday on Tuesday, helped along as the pound took a tumble after Bank of England governor Mark Carney said it was not the right time for an interest rate hike.
NWF Group finishes year in line with expectations
Specialist agricultural and distribution business NWF Group issued a trading update for the financial year to 31 May 2017 on Tuesday, confirming that trading for the year was ahead of the prior year and in line with market expectations.
Horizonte awards three more contracts for Araguaia study
Brazil-focussed nickel development company Horizonte Minerals announced on Tuesday that, further to its previous announcement on 6 March, it awarded further contracts for key parts of the feasibility study for its 100%-owned Araguaia nickel project.
Pamplona Capital to buy Parexel in $5bn deal
Biopharmaceutical services provider Parexel International Corp has agreed to be bought by Pamplona Capital Management for $88. 10 a share, in a deal valued at around $5bn including Parexel's debt.
Trump condemns North Korea after death of jailed US student
US President Donald Trump has condemned the actions of North Korea after student Otto Warmbier died after returning from the secretive state in a coma following a stint in prison.
Asia report: Markets mixed ahead of MSCI China decision, Aussie banks fall
Markets in Asia finished mixed on Tuesday, with many traders keeping their wallets firmly closed ahead of the decision from MSCI on whether to include mainland China stocks.
Europe midday: Stocks sag as oil skids lower
Stocks pulled away from their earlier highs, weighed down by selling in Basic Resources and Oil & Gas names.