Market Pulse
Poverty costs the taxpayer £1,200 a year, says Joseph Rowntree Foundation
Poverty drags down economic growth and reduces tax revenue as it costs the taxpayer £1,200 a year, according to a social policy charity.
Amazon overtakes ExxonMobil to become fourth largest US company by market cap
Amazon has overtaken ExxonMobil as the fourth largest company by market capitalisation in the US, after posting another record-breaking quarter last week.
US close: Stocks mixed as traders assess oil price plunge, PMIs
US stocks were mixed on Monday as oil prices slumped and as traders weighed manufacturing data.
Sector movers: Tug of war between Big Oil, miners
Shares in the oil majors proved a drag for the Footsie on Monday after Saudi Arabia over the weekend announced a steep cut in the price of its cargoes for export to Asia.
Europe close: Bank and oil stocks pace losses
European stocks reversed earlier gains to trade lower on Monday, with banks under the cosh as investors digested the results of the latest stress tests and oil stocks weighed down by a sharp drop in crude oil futures.
Saudi Arabia oil price to Asia cut to 10-month low
The world's largest oil exporter Saudi Aramco has lowered the price to its Asian markets for its Arab Light crude by the most in 10 months.
CloudTag appoints Peter Griffith as chief creative officer
Digital health marketeer CloudTag appointed Peter Griffith as chief creative officer on Monday.
Shell pipeline attacked in Nigeria
A pipeline owned by an affiliate of Royal Dutch Shell was reportedly attacked by suspected militants in Nigeria’s Delta.
Mortgage Advice Bureau completes CPF disposal
Specialist appointed representative network and consumer intermediary brand Mortgage Advice Bureau announced on Monday that it has completed the sale of its 49% stake in Capital Private Finance for consideration in cash of £2. 7m.
US carries out strikes against IS positions on Libya
American jets struck at Islamic State positions in Libya for the first time at the request of the UN-backed government.
Forbidden Technologies signs deal with major NYC venue
Cloud video platform owner Forbidden Technologies announced on Monday that it has agreed a deal with an “iconic sports, music and entertainment venue” in New York.
EBA stress tests highlight weaknesses in some lenders and bank systems, S&P says
European regulators´ bank stress-test results showed that most of them had sufficient capital to withstand an adverse scenario, one of the world´s main credit rating agencies said.
London close: Stocks drop after weak UK PMI
London stocks dropped on Monday after data showed the UK manufacturing sector contracted more than expected in July amid uncertainty surrounding the EU referendum.
Europa Oil&Gas identifies several gas leads offshore Ireland
Europa Oil&Gas announced the discovery of several gas leads spanning two of its licenses offshore Ireland.
Apple increases tablet market share despite overall sales decline
Worldwide tablet sales fell 12% in the second quarter, but Apple slightly increased its market share for its iPad products, according to the latest report from the International Data Corporation (IDC).
Director dealings: Altitude CEO tops up as shares regain heights
IT and technology service provider Altitude Group's chief executive and chairman have bought shares in the company as a recent restructuring helped boost the stock back to levels not seen since early last year.
Gemfields' ruby production to exceed expectations
Coloured gemstone miner Gemfields said production from its ruby mine would exceed expectations.
US ISM manufacturing index slips more than expected in July
Growth in the US economy’s manufacturing sector slipped more than expected in July, according to the US Institute for Supply Management (ISM).
US construction spending unexpectedly declines in June
US construction spending unexpectedly declined in June, according to data released on Monday by the Commerce Department.
US open: Stocks mixed after manufacturing PMIs
US stocks were mixed on Monday as traders weighed manufacturing data and as expectations of the next interest rate hike by the Federal Reserve faded.