Market Pulse
Stagecoach workers back East Coast strike action
Stagecoach rail franchise Virgin Trains East Coast was presented with the prospect of a strike on Tuesday, after rail workers have voted to walk out in a dispute over job cuts, working conditions and safety.
Barclays reaches $100m Libor-rigging settlement with US states
Barclays agreed to pay $100m, or £77m, to 44 US states for “fraudulent and anti-competitive conduct” in the Libor interest rate rigging scandal.
SCS Group says FY results to meet market expectations
Furniture retailer SCS Group said it expects full-year results to be in line with market estimates as it reported a jump in like-for-like sales.
FTSE 250 movers: Amec Foster Wheeler ascends while SIG shares sink
The FTSE 250 was in the green in afternoon trading on Tuesday, with the markets boosted by a some positive results announcements during the morning.
Morrisons and Ocado extend online grocery deal, analysts say both sides benefit
Morrison's has agreed to take 30% capacity of Ocado new customer fulfilment centre (CFC) in Erith by 2018, bought a new 'store pick' software licence and eased previous restrictions on the online specialist working with other UK supermarkets.
UK GDP growth slumps to half previous rate, NIESR data shows
UK economic growth halved in the last three months, according to analysis by a respected independent think tank, which is worse than the market expected and adds credence to predictions that the economy will contract in the third quarter and then fall into recession.
Brazilian retail sales volumes surprise to the upside in June
The contraction in Brazilian retail sales slowed sharply in the second quarter of 2016, prompting at least one economist to say that the recession in the country´s domestic demand was over.
Smiths Group sees FY revenue, operating profit ahead of views
Shares in Smiths Group rallied on Tuesday after the company sounded an optimistic note on its prospects for the full year.
FTSE 100 movers: Worldpay rallies but Legal & General slumps on results
London’s FTSE 100 index was up 0. 3% to 6,833. 83 in afternoon trade, with earnings providing a boost as investors sifted through a raft of data releases.
FCA fines broker Cenkos £530,000 for failed Quindell LSE promotion
Small cap stockbroker Cenkos Securities was fined £530,000 by the Financial Conduct Authority (FCA) on Tuesday for failing as a sponsor to scandal-hit Quindell.
Tri-Star Resources says Oman project has placed first equipment order
Strategic & Precious Metals Processing (SPMP) – Tri-Star Resources’ joint venture with the Oman Sovereign Wealth fund – has placed its first major equipment order, launching the Oman Antimony Roaster (OAR) project into the procurement and implementation phase.
Tuesday newspaper share tips: Smith & Nephew, Meggitt
Smith&Nephew offers investors exposure to good market positions, especially in the emergng markets space, and a way to tap into the company´s successful acquistion track record, The Times´s Tempus says.
Shire launches von Willebrand disease drug in the US
Shire announced the US launch of Vonvendi on Tuesday, which is the only recombinant treatment for adults living with von Willebrand disease (VWD) – a hereditary bleeding disorder.
Greatland Gold applies for 'comprehensive' drill programme
Precious and base metals exploration and development business Greatland Gold announced on Tuesday that planning has commenced for a comprehensive drilling programme at the Ernest Giles gold project in Western Australia.
US pre-open: Stocks seen touch higher; Coach, Valeant in focus
US futures pointed to a marginally higher open on Wall Street as investors awaited fresh cues.
Utilitywise lures Flattery from Sage to be new CEO
Utilitywise has appointed Brendan Flattery as its new chief executive, with the current president of the Europe division at Sage Group taking over at the energy and water consultancy from 1 October.
Keller wins £50m Abu Dhabi contract
Ground engineering company Keller and a partner have won a £50m construction contract in Abu Dhabi.
EasyJet flies higher on Cantor upgrade to 'buy'
EasyJet flew higher on Tuesday after Cantor Fitzgerald upgraded the stock to ‘buy’ from ‘hold’ and lifted the price target to 1,300p from 1,200p.
Europe midday: Stocks make gains in thin volumes
European stocks edged higher amid lower volumes as the August lull kicked in, with investors sifting through earnings reports.
Rank and 888 make £3.6bn offer for William Hill, report says
William Hill shares spiked on Tuesday after reports emerged that Rank Group and 888 Holdings had made a formal £3. 6bn takeover offer for the stumbling bookmaker.