Latest News
Broker tips: SIG, Tesco, HSBC
Analysts at Deutsche Bank hiked their target price on SIG ahead of the company's next trading update, but following a strong run in the share price year-to-date stuck to their 'hold' recommendation.
HSBC valuable in long-term despite downgrade, Berenberg says
Berenberg downgraded HSBC 's shares to 'hold' from 'buy', saying the UK bank was now fully valued given the limited scope for higher profits and hence dividends - at the current point of the economic cycle - and its reduced cost of equity, but asserted that it will be one of the long-term winners in the sector.
Veltyco trading 'significantly ahead' of expectations
Online gaming industry marketing company Veltyco Group updated its shareholders and the market on its trading on Tuesday, as investors gathered for its annual general meeting.
ShoreCap sticks to a hold on Tesco despite positive Irish news
Shore Capital said it took note of improved recent trading at Tesco implicit in the latest Kantar data from Ireland, but said the time had not yet come to invest.
Worldpay rockets as it confirms approaches from Vantiv and JPMorgan
Shares in Worldpay rocketed on Tuesday after the payments processor confirmed that it has received preliminary approaches from US-based payment processing and technology provider Vantiv Inc and JPMorgan Chase Bank over a potential acquisition.
BT wins European Champion Cup rugby rights after losing out on cricket
BT Group has strengthened its sports broadcasting offer by winning the rights to show four seasons of the European Rugby Champions Cup and Challenge Cup, making up for a recent loss to rival Sky for England cricket rights.
Ministers call for post-Brexit cooperation on drug regulation
The UK wants to maintain cooperation with the European Union on drug regulation after its departure from the bloc, cabinet ministers Greg Clark and Jeremy Hunt have said.
Deutsche Bank boosts target price on SIG ahead of first 1H update in years
Analysts at Deutsche Bank hiked their target price on SIG ahead of the company's next trading update, but following a strong run in the shares year-to-date stuck to their 'hold' recommendation.
UK construction growth softens amid political uncertainty
UK construction activity weakened more than expected last month, according to a survey published on Tuesday that revealed the lowest levels of optimism about growth this year.
JSG lifts expectations after first half
UK textile rental provider Johnson Service Group updated the market on its trading for the six months to 30 June on Tuesday, reporting continued positive trading in the first half with the results for the full financial year now expected to be slightly ahead of management expectations.
ANGLE reports positive results from Parsortix studies
Biopsy company ANGLE announced positive headline results from 400 patient pelvic mass studies in the US and Europe on Tuesday, reportedly demonstrating the potential for a ‘Parsortix’-based blood test to outperform current tests in discriminating between benign and malignant pelvic masses.
RBA says indicators of labour and housing markets mixed, Aussie drops
Australia's central bank kept its main policy rate unchanged despite a more buoyant outlook for growth overseas.
Europe midday: Stocks come off lows, central banks still in focus
Stocks are trading off their lows ahead of possible remarks from a key European monetary official later in the day.
London midday: Stocks pare losses as Worldpay surges on takeover approach
London stocks were down but off earlier lows by midday on Tuesday as M&A news helped to offset a disappointing reading on the UK construction sector.
Tesco launches investor compensation scheme for 2014 accounting scandal
Tesco is launching a compensation scheme to reimburse investors affected by its 2014 accounting scandal, but investors will need to make a claim themselves or via their broker.
Cameroon takes stake in Victoria Oil and Gas's Logbaba project
Cameroon's state hydrocarbon company decided to tap directly into Victoria Oil&Gas's Logbaba project, exercising its right to take a stake via a participation agreement.
Asia report: Most markets lower as Kim fires another rocket
Markets in Asia were mixed but mostly lower on Tuesday, as the Reserve Bank of Australia stood pat on interest rates, and a belligerent North Korea fired another test missile despite international warnings.
European IPO market grows 43% in second quarter
The second quarter of 2017 saw the European IPO market grow 43% in comparison with the same quarter in 2016, according to professional services firm PricewaterhouseCoopers.
Staffline still performing well even amid Brexit
Staffing and employment company Staffline updated the market on its trading for the six months to 30 June on Tuesday, reiterating its claim at the annual general meeting in May that its staffing division was performing well with “strong demand” from both new and existing customers.
Secure Property agrees conditional sale of Kiev asset
South eastern Europe-focussed property and investment company Secure Property Development and Investment announced the conditional sale of its Kiyanovski land asset in central Kiev, Ukraine on Tuesday to domestic firm Riverside Developments for a price to be finally determined at closing, in excess of $3m.