Headline News
US industrial production shoots past forecasts in May, capacity use jumps
Industrial production in the States shot higher last month on the back of increased levels of output in manufacturing and from utilities.
Hargreaves willing to recommend new takeover offer from CVC consortium
Hargreaves Lansdown said on Tuesday that it would be willing to recommend a firm takeover approach at 1,140p a share from a consortium led by CVC Capital Partners and has therefore requested an extension to the ‘put up or shup up’ deadline.
US retail sales edge up slightly in May
Americans kept their purse strings nearly closed in May.
HSBC Swiss unit breached money laundering rules, says watchdog
Switzerland's financial watchdog said HSBC's private bank in the country had breached its obligations in the prevention of money laundering in connection with two unnamed "politically exposed" persons.
Hargreaves Lansdown to seek bid extension - report
Hargreaves Lansdown is reportedly set to extend talks with a consortium of private investors who have proposed buying the company in a deal worth about £5bn.
French equities now ‘most unloved’ in Europe - BofA survey
France has turned into investors’ most unloved European equity market after President Macron called a snap election, having been the most preferred last month, according to the latest European Fund Manager Survey from Bank of America.
Boston Scientific to buy Silk Road Medical in $1.26bn deal
Medical device company Silk Road Medical surged in pre-market trade on Tuesday after saying it had agreed to be bought by Boston Scientific in a $1. 26bn deal.
Advanced Energy abandons pursuit of XP Power
Denver-based Advanced Energy Industries said on Tuesday that it does not plan to make a takeover offer for XP Power as it has not been able to access the due diligence necessary.
German business sentiment improves less than expected - ZEW
German business sentiment improved less than expected in June, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Carrefour shares plunge on reports of fine over franchise management
Shares of French supermarket giant Carrefour fell sharply on Tuesday, following reports from French media indicating that the economic and finance ministry had recommended a substantial fine against the company for its franchise network management.
Services prices push euro area CPI higher in May
The cost of living in the single currency bloc rose a tad last month as the cost of services picked up.
Shell to buy Singaporean LNG firm Pavilion Energy from Temasek
Shell said on Tuesday that it has agreed to buy Singaporean liquefied natural gas (LNG) firm Pavilion Energy from investment company Temasek for an undisclosed sum.
AstraZeneca trial fails to treat 'challenging' breast cancer
AstraZeneca announced on Tuesday that the phase three ‘CAPItello-290’ trial for ‘Truqap’, or capivasertib, in combination with paclitaxel did not achieve its primary endpoints.
RBA holds rates steady but warns of upside risks as inflation persists
The Reserve Bank of Australia board left its cash rate on hold at 4. 35% but warned that persistent inflation and slowing economic growth meant it was ruling "anything in or out" on the future path of monetary policy, with risks to the upside remaining.
Telecom Plus full-year profits beat expectations
Telecom Plus posted better-than-expected full-year pre-tax profit on Tuesday as customer and service numbers continued to grow.