Latest News
Rio Tinto rebuffs Glencore bid for thermal coal assets
Rio Tinto has rebuffed a counter-bid for its Australian thermal coal assets from Glencore and recommended shareholders in favour of a sale to to Yancoal Australia.
US pre-open: Stocks seen touch higher as investors eye more Fedspeak
Stocks on Wall Street looked set for a slightly firmer open on Tuesday, as investors eyed speeches from Federal Reserve officials.
IWG shares dive after founder sells GBP94m chunk
IWG chief executive Mark Dixon has sold £94. 2m shares in the serviced office business he founded almost 30 years ago, which sent the share price sharply lower on Tuesday.
Baby boomer wealth contributing to inequality, thinktank says
The baby boomer generation’s acquisition of wealth is adversely affecting later generations’ ability to do the same, a report from thinktank Resolution Foundation has concluded.
Tesco customers take to social media as IT glitch hits deliveries
Tesco's home delivery service has been hit by an IT glitch.
Anglo American rough diamond sales dip year on year
The value of Anglo American's rough diamond sales fell 6% year-on-year in the fifth De Beers sales cycle of 2017.
Ariana raises £1.9m through placing and subscription
Turkey-focussed gold exploration and development company Ariana Resources announced on Tuesday that it had raised an aggregate amount of approximately £1. 87m by way of a placing of 133,846,154 new ordinary shares, and the subscription of 10,030,770 new ordinary shares at a price of 1. 30p per placing and subscription share.
Investec starts Domino's at 'sell', highlights challenges ahead
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.
7digital shells out £2.2m for competitor 24-7
Digital music and radio services platform 7digital announced the acquisition of its “significant European competitor” 24-7 Entertainment for £2. 2m on Tuesday, from MediaMarktSaturn, through the issue of 23,144,616 new ordinary shares and £0. 9m of cash in respect of funds held on the 24-7 balance sheet.
Europeans want hard line in Brexit negotiations, poll shows
EU leaders should take a firm stance in Brexit negotiations with Britain, according to a poll carried out with citizens from nine major European nations.
Tuesday broker round-up
Burberry Group: Berenberg reiterates Buy with a target price of 1900p.
Interserve awarded contract extension with DIO worth up to £265m
Interserve clinched a contract extension to provide support services at four key UK military installations overseas.
Carney's Mansion House speech: 'now is not yet the time' for rate rise
Bank of England Governor Mark Carney said interest rates would remain unmoved from their current low levels for a while longer given the "mixed signals" from the UK economy, an argument that send the pound lower on Tuesday.
Shawbrook recommends shareholders accept Marlin Bidco's final offer
Shawbrook Bank's directors have recommended that shareholders accept the final offer made by Marlin Bidco - jointly owned by Pollen Street and BC Partners - on Monday after it became wholly unconditional with nearly 76% of acceptances.
Europe open: Stocks push further into record territory
Germany's Dax followed US stocks further into record territory as investors waited on a raft of US central bank speakers scheduled for later in the day.
London open: Stocks flat as investors eye Carney, Hammond speeches
London stocks were flat in early trade as investors sifted through corporate news and awaited speeches from Bank of England governor Mark Carney and Chancellor Philip Hammond.
Wolseley turns up dial in third quarter thanks to US strength
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.
N Brown surges as first-quarter sales jump on solid Ladieswear performance
N Brown shares surged on Tuesday as the clothing retailer reported a near-6% jump in group revenue in the first quarter thanks to a strong performance from Simply Be and JD Williams.
Centrica to end storage operations at Rough gas facility
British Gas parent Centrica said on Tuesday that its subsidiary, Centrica Storage Limited, is planning to end storage operations at its Rough gas facility.
Morgan Sindall secures contract extension worth up to £60m
Construction and regeneration group Morgan Sindall has been awarded a two-year contract extension worth up to £60m.