Market Pulse
Europe midday: Stocks push higher on oil rebound, ZEW
European stocks rose on Tuesday, supported by a rebound in oil prices and a better-than-expected reading on German investor confidence.
Lonmin appoints new chief financial officer
Platinum producer Lonmin has appointed Barrie van der Merwe as chief financial officer with effect from 17 May.
WPP buys remaining stake in Athens-based market research agency
WPP’s operating network, TNS, has bought the remaining stake in Greece’s Taylor Nelson Sofres ICAP Market Research it did not already own.
US pre-open: Stocks seen higher as oil rebounds; Goldman eyed
US futures pointed to a firmer open on Wall Street as oil prices continued to rebound from their post-Doha lows, with investors looking to the release of first-quarter results from behemoth Goldman Sachs.
Stock Spirits and activist Amaral fire shots ahead of AGM vote
Ahead of a shareholder meeting next month, Stock Spirits and major shareholder Luis Amaral have both fired off new shots in a war of words that led to the early retirement of the Polish vodka maker's chief executive on Monday.
Tesco receives Dobbies bid from Terra Firma, reports say
Tesco has reportedly received a £175m approach for its Dobbies Garden Centres division from rival Wayvale, which is owned by private equity house Terra Firma.
German investor sentiment improves more than expected in April
German investor confidence came in better than expected for April, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Independent Oil & Gas buys full control of Blythe gas find
Independent Oil & Gas has agreed to acquire the remaining 50% of the North Sea blocks that contain the Blythe gas discovery for an initial £1. 5m that should rise by a further $5m when first gas is produced.
Peel Hunt downgrades Ashmore to 'hold' from 'buy'
Peel Hunt downgraded Ashmore Group to ‘hold’ from ‘buy’ and retained its target price at 270p after company reported its third quarter interims.
Time to get bullish on emerging markets, says Bank of America ML
It’s “time to get out of the bunker and off the fence” as far as Asian and emerging-market stocks are concerned, according to Bank of America Merrill Lynch, which has ended its five-year bearish stance.
CloudBuy wins contract with HealthShare NSW
AIM-listed CloudBuy has signed a three-year contract with HealthShare NSW in Australia valued at £332,996, with the option to extend for another two years.
Asia report: Oil and Japan lead markets higher
Most markets in Asia ended Tuesday in the black, after a settling in oil prices and a jump in Japanese stocks.
London open: Stocks gain as oil prices rebound
UK stocks rose on Tuesday as oil prices recovered from lows in the previous session after a disappointing meeting between global producers in Doha.
Europe open: Stocks in the black as energy and basic resources rally
European stocks rose in early trade as oil prices continued to push higher and investors sifted through some earnings ahead of a key German data release.
AVEVA results to take a mild impact from dollar, costs
AVEVA did its best to reassure the market ahead of its results on Tuesday morning, saying its numbers looked to be in line with forecasts - though with a couple of caveats.
Pret A Manger's 2015 sales up 14% as vegetarian demand grows
Sandwich chain Pret A Manger reported a jump in 2015 sales amid increased demand for its vegetarian products.
Saga bumps up dividend as broker business model evolves
Saga proposed a bumper dividend as it begins to reduce its reliance on underwriting and shift towards a reselling model, though full year profits were slightly short of market forecasts.
Webis Holdings subsidiary extends French contract
Webis Holdings’ US subsidiary, WatchandWager, has extended its contract with French gaming operator Pari Mutuel Urbain to provide its wagering customers access to betting directly into the French horseracing pools.
Telecom Plus warms market up ahead of results
Telecom Plus warmed the market up for its full-year results with a reiteration of its expectations on Tuesday.
McCarthy & Stone first half revenue surges 33%
Retirement housebuilder McCarthy & Stone reported a surge in first half revenue as completions and selling prices advanced.