Market Pulse
Fund managers retain cash to protect against Brexit shocks - BoAML
A Bank of America Merrill Lynch (BoAML) survey of fund managers has found that while global growth views rose slightly in May, from April, investors are holding elevated cash levels to protect against potential shocks if the UK votes to leave the EU.
LendingClub shares dive on investigation concerns
Shares in San Francisco-based LendingClub Corp plunged after the US Department of Justice opened a probe and the company raised a fresh spectre of funding concerns, reports say.
BP's head of exploration to leave company - Reuters
BP head of exploration Richard Herbert is leaving the company after a little more than two years in the job, a period that saw the oil major cut its spending on the search for new deposits, a report says.
Europe close: Auto stocks lead retreat
European stocks finished on the back foot on Tuesday, with early gains having been progressively eroded as the day wore, with traders seemingly fixated on the guessing-game surrounding Fed policy.
FTSE 100 movers: Taylor Wimpey and Ashtead lead gains
The FTSE 100 was in positive territory on Tuesday afternoon, as a mixture of encouraging results and analyst optimism looked like extending the index's winning streak to a third day.
US open: Wall Street lower after slightly mixed data
Wall Street was struggling following the release of slightly mixed readings on US industrial production and homebuilding.
London close: Stocks close higher after UK and US inflation
The FTSE 100 closed higher on Tuesday as oil prices wavered and investors weighed UK and US inflation data.
Hill & Smith reports on 'encouraging' start to year
Infrastructure product and galvanising services company Hill & Smith reported “encouraging” trading in the year to date at its annual general meeting on Tuesday.
Market overview: US industrial production rises past forecasts
1415: US industrial production grew by 0. 7% month-on-month in April (consensus: 0. 30%).
BBC drops 11,000 recipes as it plans to axe food website
The BBC is set to drop 11,163 online recipes as part of plans to axe its food website to save £15m a year.
Director dealings: Howden Joinery directors nail colours to mast
Howden Joinery chairman Richard Pennycook forked out £0. 25m on shares in the FTSE 250 kitchens and joinery products supplier, as a solid trading update late last month left the shares largely unmoved.
Broker tips: Inmarsat, Halma, Taylor Wimpey
Credit Suisse reiterated its 'outperform' rating on Inmarsat while downgrading rival Eutelsat to 'neutral' after its substantial profit warning.
Banks to limit overdraft charges as CMA demands only small changes
Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking.
FTSE 250 movers: BTG rewarded as Halma loses out
The FTSE 250 managed to stay in the green in afternoon trading on Tuesday, as investors largely ignored the worse-than-expected slowdown in UK inflation.
Wednesday preview: FOMC meeting minutes under microscope
Minutes from the Federal Reserve’s April policy meeting may offer hints on Wednesday about the central bank’s next change to interest rates.
US industrial production rallies more than expected
Industrial production bounced back surprisingly strongly in April, expanding 0. 7% compared to the forecast 0. 3% and compared to the revised 0. 9% decline the month before, in part due to a jump in utility output.
Lakehouse shares slide after disappointing first half
Asset and energy support services group Lakehouse was sliding on the London Stock Exchange on Tuesday afternoon, after the company released some very disappointing first-half numbers earlier in the morning.
Renewables Infrastructure raises £30.3m through share issue
Investment company The Renewables Infrastructure Group announced on Tuesday that it has raised £30. 3m through the issue of 30 million new ordinary shares at an issue price of 101p each, following the announcement of a share issuance programme on 27 April.
Credit Suisse downgrades Eutelsat but keeps Inmarsat at 'overweight'
Credit Suisse reiterated its 'outperform' rating on Inmarsat while downgrading rival Eutelsat to 'neutral' after its substantial profit warning.
US housing starts accelerate in April, but permits miss forecasts
Activity among US homebuilders accelerated last month but a lead indicator of activity came in slightly beneath market forecasts.