Market Pulse
GlaxoSmithKline announces positive results from Relvar Ellipta study
GlaxoSmithKline and Innovia announced positive headline results from their Salford lung study of Relvar Ellipta in the treatment of chronic obstructive pulmonary disease (COPD).
Tuesday newspaper share tips: Inmarsat, Mitie
Markets appear to have punished Inmarsat´s management for providing excessively ambitious financial guidance; however, the share price drop also seems overdone, The Times´s Tempus said.
US close: Stocks gain on oil price rise, strong housing data
US stocks finished higher on Tuesday as oil prices rose and data showed new house sales surged more than expected in April.
Europe close: Gains in financials, stronger dollar send stocks higher
European stocks reversed opening losses to trade higher, led by strength in the insurance and banking sectors as investors continued to focus on the timing of the next Federal Reserve rate hike.
Insurers and High Street banks pace gains amid pound strength
The leaderboard for London´s top flight index on Tuesday was a who´s-how of the City´s top insurers and the main High Street banking groups as the latest EU referendum poll results appeared to show that voters were shifting in favour of the 'Remain' camp.
London close: Insurers, banks pace gains
UK stocks gained on Tuesday following new poll results showing the Remain campaign was leading ahead of Britain’s EU referendum.
Monsanto said to reject Bayer offer as it seeks higher price
US agriculture giant Monsanto is reportedly set to reject German chemical and pharmaceutical company Bayer’s acquisition bid and seek a higher price.
FTSE 250 movers: Homeserve rallies on final results; Paragon slides
London’s FTSE 250 index was up 0. 5% to 17,109. 29 in afternoon trading.
US new home sales surge in April, beat expectations
Sales of new US single-family homes rose to their highest level since 2008 in April, official data released on Tuesday showed.
FTSE 100 movers: RBS and Tesco lead strong rally
The FTSE 100 shrugged off an early dip to put on a strong gain over Tuesday's session as Brexit odds lengthened, oil prices strengthened and a banking sector tracking expectations of a US rate rise higher.
AIM oil and gas explorers surge on Yorkshire fracking decision
UK onshore oil and gas explorers IGas Energy and Egdon Resources were among those celebrating the approval granted to a fracking project in Yorkshire late on Monday.
Tuesday broker round-up
Standard Chartered: Macquarie reiterates to outperform with a 440p target.
Santander committed to UK regardless of Brexit vote outcome, Botin says
Santander´s chairman said she expected Britons would choose to remain in the European Union, while reiterating the lender´s commitment to the UK.
US open: Stocks rebound as Fed remains in focus
US stocks rebounded on Tuesday from the previous day’s decline amid speculation of an interest rate hike in June.
Moody's downgrades Deutsche Bank's credit rating
Moody’s Investors Service has downgraded Deutsche Bank’s credit rating for the second time this year, citing increased risk to the bank’s ability to successfully execute its ambitious turnaround plan.
Turkey cuts interest rates, political pressures seen
The decision by Turkey´s central bank to cut interest rates, while expected, was seen by some analysts as further evidence that rate-setters in Ankara were bowing to political pressures.
JP Morgan says BP dividend is relatively high and safe
A lower outlook for crude oil prices in 2016, following the weak start to the year, led analysts at JP Morgan to lower their forecasts for European integrated oil companies´ earnings per share in 2016 and 2017.
Google searched: Paris police search offices in tax probe
Google's Paris office has been searched by gendarmes as part of a €1. 6bn tax fraud probe, according to reports.
Europe midday: Stocks reverse losses as banks advance, euro slips
European stocks reversed opening losses to trade higher, led by strength in the banking sector as investors continued to focus on the timing of the next Federal Reserve rate hike.
London midday: Stocks rise as Brexit concerns ease after poll
London stocks advanced on Tuesday after a new poll showed the Remain campaign for the European Union referendum is leading.