Market Pulse
PuriCore flogs off supermarket business, posts wider loss
Specialty biopharmaceutical company PuriCore announced its interim financial results for the six months to 30 June on Tuesday - a period in which the group confirmed its strategic focus to develop novel, prescription treatments for inflammatory diseases including dermatology, ophthalmology and potentially rare diseases.
Allergan to acquire Tobira in deal worth potential $1.7bn
Dublin-based pharmaceutical giant Allergan has agreed a deal to buy Tobira Therapeutics, a small firm which develops drugs to treat NASH disease.
FTSE 250 movers: GVC Holdings rallies but Regus slides on placing
London’s FTSE 250 was up 0. 2% to 17,932. 31 in afternoon trade.
Marriott secures Chinese approval for Starwood deal
Marriott International has received approval from the Chinese Ministry of Commerce for its merger with Starwood Hotels & Resorts.
Kingfisher hammers half-year profits higher
B&Q and Screwfix owner Kingfisher nailed an encouraging increase in first half profits and confirmed early progress in chief executive Véronique Laury's ambitious turnaround project.
Scotgold Resources to de-list on ASX on 21 October
AIM listed miner Scotgold Resources will de-list from the Australian Stock Exchange (ASX) on 21 October in a bid to consolidate securities trading and save costs.
Wells Fargo CEO to accept responsibility for fake account scandal
John Stumpf, the Chief Execeutive Officer of Wells Fargo, is expected to appear before a US Senate hearing on Tuesday and accept the responsibility for the bank's fake account scandal.
Chaarat Gold shares plummet as new chairman is announced
Kyrgyz Republic-focused exploration and development company Chaarat Gold announced its intention to appoint a new non-executive chairman and published its unaudited results for the six months to 30 June on Tuesday.
Personal Group shares slide on disappointing interim earnings
Employee benefits and insurance products provider Personal Group Holdings reported its results for the six months to 30 June on Tuesday, with revenue increasing by 10. 2% to £21. 0m.
HML Holdings shares rise as AGM begins
Shares in property management company HML Holdings were up on Tuesday morning, as investors gathered for the annual general meeting.
Lib Dems to lobby for second EU referendum on Brexit terms
In a bid to regain the centre ground, the Liberal Democrats will lobby for a second referendum on the terms of Brexit, as party leader Tim Farron attacks Theresa May and George Osborne.
Apps like Pokémon GO boost Bango's performance in first half
Bango, the mobile payments company, exceeded its expectations on end user spends (EUS) for the first half with popularity rising for apps like Pokémon GO.
Tessera Technologies to buy DTS in $850m deal
Tessera Technologies has agreed to buy audio solutions provider DTS for $42. 50 a share in a deal valued at around $850m.
GSK promotes consumer chief Emma Walmsley to CEO designate
Pharmaceutical giant GlaxoSmithKline announced on Tuesday that Emma Walmsley - the current chief executive of the company’s consumer healthcare division - is to be appointed chief executive designate, and will succeed Andrew Witty as CEO when he retires next March.
London midday: Stocks gain ahead of FOMC and BoJ policy decisions
London stocks gained on Tuesday ahead of policy announcements by the Federal Reserve and the Bank of Japan on Wednesday.
Europe midday: Stocks slightly higher as Fed, BoJ eyed
European stocks were trading higher at midday after a shaky start, as investors looked ahead to rate announcements from the Bank of Japan and the Federal Reserve on Wednesday.
Tesco sales improving as Kantar finds evidence of supermarket growth
UK supermarket industry sales growth remained unchanged in recent weeks, according to data from Kantar Worldpanel, with Tesco enjoying its best performance for two and a half years.
General Motors avoid Canada strike with last-minute union deal
Canadian autoworkers have managed to secure an agreement with giant US manufacturer General Motors, which will see the firm begin a new four-year contract with its plants in Oshawa and St Catharine's, Ontario.
Miners extend rally after bullish Rio Tinto comments on China, copper
Mining companies extended their recent gains and lifted the market after bullish comments from sector titan Rio Tinto's chief executive about commodity prices and Chinese demand.
Fastjet's losses widen as it plans to cut costs and relocate
Africa-based budget airline Fastjet’s shares plummeted 17% on Tuesday morning as the company reported its losses widened in the first half.