Market Pulse
Proton Power surges on sales rebound and corporate restructure
Hydrogen fuel cells maker Proton Power has impressed investors with news of strong current trading, plans to restructure the business into three divisions and for a boardroom reshuffle.
FCA to set PPI complaints deadline for June 2019
The Financial Conduct Authority said on Tuesday that is looking to set a June 2019 deadline for payment protection insurance complaints as it attempts to draw a line under the scandal.
London midday: Banks lead equities lower ahead of expected interest rate cut
London stocks fell on Tuesday as banking shares declined on the prospect of an interest rate cut by the Bank of England later in the week.
Asia report: Shares fall as Japan approves stimulus, Australia cuts rates
Markets in Asia were mostly lower on Tuesday, with Australian markets still faltering despite a further cut to interest rates from the Reserve Bank of Australia.
Just Eat disposes of Benelux businesses
Online food delivery service Just Eat has agreed the sale of its businesses in Benelux to Takeaway. com for an enterprise value of €22. 5m in cash.
Home ownership falls to 30-year low, says Resolution Foundation
Home ownership in England has fallen to the lowest level since 1986, particularly in Manchester and the Midlands, as it becomes increasingly unaffordable, according to a think-tank.
US pre-open: Stocks seen touch lower ahead of key data, earnings
US futures pointed to a marginally weaker open on Wall Street ahead of some key data and earnings releases.
Eurozone producer prices rise more than expected in June
Producer prices in the eurozone rose more than expected in June, according to the latest data from Eurostat.
SocGen downgrades Intertek on valuation
Societe Generale downgraded Intertek to ‘sell’ from ‘hold’ on valuation grounds.
JP Morgan CEO Dimon fears for future of EU
Jamie Dimon, CEO of US investment bank JP Morgan Chase, has spoken of the possibility of the breakup of the European Union in the wake of Britain's vote to leave the bloc.
Deutsche Bank ups Rentokil to 'buy'
Deutsche Bank upgraded Rentokil to ‘buy’ from ‘hold’ and lifted the price target to 240p from 160p.
Intercontinental Hotels hit by dollar but retains bullish outlook
InterContinental Hotels earnings were hit by the strong US dollar in the first half of the year, but despite the recently lowered guidance from rivals Hilton and Marriott the Holiday Inn operator remains confident in the outlook for the rest of the year.
London open: FTSE fall continues as weight of data unlikely to lift
London's blue chip stocks continued to drop on Tuesday, following further oil price weakening and a mixed Asia session in the wake of an Australian rate cut.
Europe open: Stocks weaker as investors sift through earnings
European stocks fell in early trade following uninspiring US and Asian sessions, as investors sifted through earnings reports.
Aussie edges higher following RBA rate cut
Australia acted to forestall an undue slowing in the economy which might see inflation running below target by cutting its benchmark policy rates.
Polymetal completes purchase of Komarovskoye gold deposit
Polymetal International announced on Tuesday the completion of the acquisition of Orion Minerals, the holding company for the Komarovskoye Gold Deposit in the Republic of Kazakhstan, from Glencore subsidiary Kazzinc.
Tullett Prebon posts serious underlying growth in first half
Tullett Prebon announced its results for the six months to 30 June on Tuesday, with underlying revenue of £430. 3m, an increase of 4% on the prior period’s 415. 7m.
Pendragon posts jump in first-half profit
Pendragon reported a jump in first-half pre-tax profit and said it does not expect to see any material impact from the UK’s vote to leave the European Union.
Tritax Big Box exchanges contracts on Wolverhampton warehouse
Tritax Big Box announced on Tuesday that it has exchanged contracts to provide forward funding for the development of a new logistics facility and headquarters at Four Ashes, Wolverhampton.