Market Pulse
FX round-up: Yen zooms higher on sterling, dollar ahead of Fed, BoJ
Sterling and the dollar dived to two-week lows against Japan's yen as traders expect fireworks from that country's central bank Friday, and see the US Federal Reserve standing pat on rates Wednesday.
US close: Markets finish mixed ahead of FOMC
US stocks closed mixed and relatively flat on Tuesday as the avalanche of earnings continued and investors awaited the outcome of the Federal Reserve’s two-day policy meeting on Wednesday.
Directors dealings: New Tate&Lyle non-exec picks up shares
Tate&Lyle´s recently-named non-executive director Lars Frederiksen picked up a sizeable number of shares less than a week after the company´s first quarter trading update.
Anglo American's Kumba restructures management
Global mining business Anglo American has appointed two new divisional chiefs at its iron ore subsidiary.
CNE's Sunbird Energy signs agreement on Zambian project
China New Energy (CNE) announced that Sunbird Bioenergy Africa and the Zambian Development Agency signed the investment promotional and protection agreement needed in order to start work on its energy project in that country.
London close: Stocks eke out small gain
London blue-chip stocks closed higher on Tuesday as the reporting season kicked into gear.
Time Out sees H1 revenues in line with its expectations
Magazine and digital publisher Time Out anticipates its half-year total revenues will rise in line with its expectations, albeit with a slight fall in the contribution from print.
Brave Bison eyes benefits of weaker sterling
Online digital media broadcaster Brave Bison has reduced its first-half underlying loss, and said going forward it stands to benefit from sterling's slide since the non-binding UK vote to quit the European Union.
Caterpillar cuts outlook as second quarter earnings disappoint
Caterpillar Inc. once again cut its earnings forecasts for 2016 as it prepares to face more job cuts due to lessening demand for its mining and energy equipment.
Commodities: Oil prices falter on glut fears as cable dips
Crude-oil futures trotted moderately lower on Tuesday as market concerns over persistent global oversupply of the black liquid encouraged bearish traders to sell.
Porsche ramps up electric sports car development, creating 1400 new jobs
Porsche will create more than 1400 new jobs in its development of an electric sports car, the German manufacturer announced on Tuesday.
Hibernia developments progress as investors gather for AGM
Real estate investment trust Hibernia issued a trading update on Tuesday, relating to the period from 1 April to date, as investors gathered during the morning for the company’s annual general meeting.
US consumer confidence holds up in July
US consumer confidence was little changed in July, according to data from the Conference Board.
Sector movers: Paper profits, grocers lose out
Paper products and telecoms were the top sectors on Tuesday, lifted by an encouraging statement from Mondi and good news for BT Group.
US new home sales unexpectedly rise in June
Sales of new US single-family homes unexpectedly rose in June, according to official data released on Tuesday.
IGAS Energy issues shares under incentive plan
IGas Energy announced on Tuesday that on 25 July, a total of 502,582 shares were allotted to employees under the IGas Energy Share Incentive Plan.
Fevertree Drinks' interim revenues bubble higher in all regions
Fevertree Drinks served up a sparkling round of first-half results, with strong revenue growth in all regions and a tasty increase in earnings.
MPs call for creation of new financial enforcement authority
The treasury select committee released a report on Thursday highlighting the need for a new independent financial regulator following the failure of HBOS during the financial crisis in 2008.
McDonalds shares fall 3.3% after missing analyst estimates
Fast food chain McDonald's suffered a 3. 3% dip in their shares in pre-market trading on Tuesday after missing estimates for revenue and same-store sales for the second quarter.
US open: Stocks nudge higher amid earnings avalanche
US stocks edged tentatively higher in early trade amid an avalanche of earnings as investors awaited the outcome of the Federal Reserve’s two-day policy meeting on Wednesday.