Market Pulse
Osirium scores three-year cybersecurity contract with Fortune 500 oiler
Osirium on Tuesday signed a three-year contract to provide software and professional services to the UK arm of a Fortune 500 multinational integrated oil and gas company.
Stockmarket rout hammers US small business capex plans, NFIB says
Small business confidence in the US remained near historically-high levels in December, amid signs of strength in hiring and in companies' inventory planning, according to the results of one closely-followed survey.
Aquis Exchange ends year ahead of expectations
Exchange services group Aquis Exchange updated the market on its trading on Tuesday, confirming that it traded ahead of market expectations for the year ended 31 December, and expected to deliver revenues of £4m for the financial year.
Red Emperor Resources raises £2.8m in placing
Red Emperor Resources announced an oversubscribed placing to certain new and existing institutional and sophisticated investors, via its UK and Australian brokers on Tuesday, of 100 million new ordinary shares at an issue price of 2. 8p each, to raise £2. 8m before expenses.
Infrastructure India extends existing loans amid delays to refinancing
Infrastructure India has agreed the extensions to the maturity of an existing $48. 4m unsecured bridging loan facility originally provided in June 2017 by Cedar Valley Financial, and an existing $21. 5m working capital loan originally provided in April 2013 by GGIC, it announced on Tuesday.
UBS ups Ashtead to 'neutral' as slowdown priced in
UBS upped its stance on equipment rental company Ashtead to 'neutral' from 'sell' on Tuesday, lifting the target price to 1,800p from 1,700p as it said fears about a slowdown were priced in.
Euro area industrial confidence takes a turn for the worse in December
Confidence levels in the euro area were down almost across the board at the end of 2018 outside of the retail sector, according to the results of several closely-followed surveys.
Millennium & Copthorne to rebrand Mayfair hotel as The Biltmore
Millennium & Copthorne Hotels said on Tuesday that it will rebrand the Millennium Hotel London Mayfair as The Biltmore, Mayfair, as part of its plan to reposition it as a new five-star deluxe hotel.
Discounters win Christmas crown, with Sainsbury's the big loser
Shoppers continued their shift towards discounters Aldi and Lidl over Christmas, while Asda and Tesco enjoyed the best of the season among the big four supermarkets.
German manufacturing falls into recession in the fourth quarter
Industrial output in the euro area's largest economy weakened substantially in November with widespread declines seen across the different subsectors.
Staffline trades in line with expectations, debt rises on transformation costs
Recruitment and training group Staffline expects its full-year results to be in line with market expectations.
Sopheon partners with Hershey's in innovation portfolio transformation
Software provider Sopheon has inked a deal to support The Hershey Company in the digital transformation of its product innovation portfolios.
Europe open: China trade hopes boost shares
European shares opening in positive territory on Tuesday as the feel-good factor from Sino-US trade talks encouraged investors, albeit tinged with caution.
German industrial production slumps in November
German industrial production unexpectedly dropped in November for the third consecutive month, according to figures released by Destatis on Tuesday, prompting concerns that the country may have entered a technical recession at the end of last year.
London open: Stocks edge up on positive US cues; Morrisons drops after update
London stocks edged higher in early trade on Tuesday, taking their cue from a positive session on Wall Street as investors grew hopeful of an improvement in trade relations between the US and China.
RBC double-downgrades 'vulnerable' Vodafone
Vodafone and its dividend are "vulnerable", RBC Capital Markets said as it downgraded the telecoms giant's shares on Tuesday.
Footasylum warns over FY earnings, margin after heavy discounting
Streetwear and sportswear retailer Footasylum warned on Tuesday that earnings would be towards the lower end of analysts’ forecasts, while gross margin will be lower than current market expectations following heavy discounting over Christmas.
Weaker trading environments see SIG revenues fall
Specialist building materials supplier SIG updated the market on its trading for the year ended 31 December on Tuesday, reporting that despite “challenging” market conditions and lower trading revenues in the second half of the year, particularly in December, its transformation continued to progress at pace.
Takeda takes control of Shire
Takeda Pharmaceutical has taken full control of Shire after the legal particulars of its cash and share offer were completed.
London pre-open: Stocks to rise on positive US and Asian cues
London stocks looked set to gain at the open on Tuesday following positive US and Asian sessions, amid signs of improving trade relations between the US and China.