Market Pulse
Europa Oil offloads North Lincolnshire shares to Union Jack
Oil and gas exploration, development and production company Europa Oil & Gas announced on Tuesday that it has signed a sale and purchase agreement in relation to its 33. 34% interest in the PEDL180 and PEDL182 licences in North Lincolnshire with Union Jack Oil.
Wells Fargo facing class action lawsuit from shareholders
The bad news kept coming in thick and fast churning for US bank Wells Fargo with the lender set to face a class action lawsuit from its own shareholders, as a result of the scandal that saw the company fined $185m for creating unauthorised accounts and credit cards for customers.
Tuesday newspaper share tips: MJ Gleeson, Gemfields
MJ Gleeson‘s focus on the low-end of the housing market has paid off and looks set to continue to do so, The Times’s Tempus said.
Wednesday preview: Yellen testifies before House Financial Services Committee
Federal Reserve chair Janet Yellen testifies before the House Financial Services Committee on Wednesday, a week after the US central bank announced its latest policy decision.
Google to launch public wifi areas in India with Station
US tech giant Google is aiming to expand its reach in India, as it announced on Tuesday plans to launch Google Station.
Avingtrans' revenue falls after selling aerospace division
AIM-listed Avingtrans, which manufactures components to the energy, medical and industrial sectors, reported a fall in revenue after selling its aerospace division, but remains “cautiously confident” about the future of the company due to new contract wins.
John Laing Environmental buys another wind farm
John Laing Environmental announced on Tuesday that it has entered into an agreement with Energiequelle to acquire 100% of the Energie Eolienne de Plouguernevel wind farm.
Bluefield Solar Income Fund confirms new debt facility
Bluefield Solar Income Fund announced the financial close of a £187m long-term debt facility and a £30m short-term revolving credit facility on Tuesday.
Goldman Sachs cuts Q4 2016 oil price forecast, futures drop
Analysts at Goldman Sachs cut their forecast for the price of oil at the tail-end of 2016 following upside surprises on the production side and after greater clarity on the delivery of new projects revealed an unexpected glut was on the cards.
Boohoo reports jump in first half profit and revenue
Boohoo, the UK based online retailer, has had a successful first half with its sales expanding more than expected.
Ilika to raise £6.3m to help finance battery sales
Ilika, a developer of new materials for energy and electronic applications, placed shares on AIM to raise about £6. 3m to bolster its funds as it commercialises its battery product.
German Landesbank NordLB pulls debt sale
German Landesbank NordLB became the second corporate of that nationality to pull a bond issue due to market conditions in the wake of the previous session's tensions linked to Deutsche Bank.
Lands' End CEO Marchionni steps down after turbulent 19 months
US retailer Lands' End is looking for a new chief executive officer after Federica Marchionni's reign came to an abrupt end on Monday as she stepped down after only 19 months in charge.
Volkswagen skids on report of DoJ fine
Volkswagen was under the cosh on Tuesday following a report that the US Justice Department is assessing how big a fine it can extract from the beleaguered German car maker without putting it out of business.
Europe midday: Stocks turn lower amid growing worries about Deutsche Bank
European stocks reversed opening losses to trade lower as worries about Deutsche Bank and the broader banking sector and falling oil prices offset cheer about the outcome of the first US presidential debate, which saw Hillary Clinton come out on top versus rival Donald Trump.
Italian and Spanish lending still in negative trend in August, M3 data show
Money flowed more freely in the euro area during the month of August, but some economists were wary nonetheless.
Premier Technical Services posts positive boost to earnings
Niche specialist services provider Premier Technical Services Group announced its interim results for the six months to 30 June on Tuesday, with revenue rising 57% year-on-year to £18. 5m.
Stellar Resources widens loss as Horse Hill development continues
Stellar Resources announced its interim results for the six months to 30 June on Tuesday, with an operating loss of £115,000 widening from £80,000 in the first half of last year.
US pre-open: Stocks seen touch higher but post-debate optimism fading
US futures pointed to a marginally higher open on Wall Street as investors weighed up falling oil prices against optimism that Hillary Clinton came out on top versus rival Donald Trump during Monday’s presidential debate.
Baron Oil narrows loss in difficult first half
Oil and gas exploration and production company Baron Oil announced its unaudited interim results for the six months to 30 June on Tuesday, reporting an an operating loss of £240,000 - down from £995,000 in the first half of the previous financial year.