Market Pulse
First Quantum assures Zambian power supply improving
Addressing concerns about the power deficit affecting its Zambian operations, First Quantum has assured that a consistent electricity supply was being received and that it is evaluating secondary sources of power.
US consumer confidence rises in January
US consumer confidence rose in January, comfortably surpassing economists’ expectations, according to data released by the Conference Board.
Downing Street pencils 23 June as EU referendum date, report says
Britain will go to the polls on 23 June to vote in a referendum on continuing membership of the European Union, according to reports.
FTSE 100 movers: Miners dominate as market claws back losses
After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3. 09 points (0. 05%) to 5,880. 09 by mid-afternoon.
US Markit PMI drops more than expected in January
Markit’s flash US service purchasing managers’ business index slipped to 53. 7 in January from 54. 3 in December.
US open: Stocks mixed as oil prices recover
US stocks were mixed on Tuesday as oil prices recovered and US data came in better than expected.
Metals Exploration looking to progress with Runruno Project
Metals Exploration was looking to steam out of a development rut at the Runruno Gold Project in the Philippines, it announced on Tuesday.
Tissue Regenix announces German joint venture
Tissue Regenix announced its first step towards the commercialisation of two of its products on Tuesday, through a joint venture agreement with a German tissue bank.
US house prices rise more than expected in November
House prices in the US rose in November compared to the same month last year, according to the S&P/Case-Shiller National Home Price Index.
Wednesday preview: FOMC to keep interest rates unchanged, analysts predict
The Federal Reserve is expected to announce it will keep interest rates unchanged on Wednesday amid concerns about China’s flagging economy and a plunge in oil prices.
Brakes swerves IPO plans as market volatility hits valuations
The London fundraising market for new issues is suffering as food distributor Brakes Group on Tuesday shelved its initial public offer due to recent volatile stock market conditions, with CMC Markets cutting its valuation and Metro Bank also wavering.
US pre-open: Markets rising as oil stays above $30 a barrel
As oil prices rise and traders wait for Wednesday’s Federal Reserve rate announcement, markets were rising in pre-market trading on Tuesday.
DuPont swings to fourth quarter loss
Delaware-based chemicals company DuPont posted earnings per share of $0. 27 for the fourth quarter, down from $0. 57 the year before but a touch better than analysts’ expectations for $0. 26.
Tuesday newspaper share tips: Not convinced by Kingfisher's transformation plan
Kingfisher’s transformation plan announced on Monday didn’t convince The Times’ Tempus on Tuesday.
Ofcom launches business broadband code to highlight internet speed misselling
Businesses were being promised more accurate information on broadband speeds on Tuesday, with Ofcom revealing details of a new code of practice that will allow companies to walk away from contracts free of charge if speeds are not as promised.
Restore talks up a year of acquisitions
Restore Group was talking up a year of acquisitions in its trading update on Tuesday, ahead of its full-year results to 31 December 2015.
Europe midday: Stocks off lows as oil steadies above $30 a barrel
European stocks came off earlier lows as oil prices recovered, edging back above the $30 a barrel mark.
Tesco "seriously breached" industry code, UK watchdog says
Supermarket Tesco “seriously breached” a legally-binding code to protect suppliers by prioritising its own finances rather than treating its suppliers fairly, the UK grocery watchdog said on Tuesday.
London midday: FTSE falls after China equities reach 13-month lows
London stocks were under the cosh on Tuesday after equities in China plunged to 13-month lows as concerns about the slowdown in the nation’s economy weighed on investor sentiment.
Carpetright rolls lower after mixed third quarter
Carpetright shares fell to 12-month lows in early trade after management cut profit margin guidance and revealed sales slowed in recent weeks.