Market Pulse
Coral Products to reinstate interim dividend, FY earnings seen in line
Plastic products manufacturer Coral Products said on Tuesday that it intends to reinstate interim dividends after its recent full-year performance came in line with market expectations.
Rio Tinto to buy Mitsubishi’s 11.7% stake in Boyne aluminium smelter
Rio Tinto said on Tuesday that it has agreed to buy Mitsubishi Corporation’s 11. 65% interest in Boyne Smelters (BSL) for an undisclosed sum.
Citi hikes Hikma price target, cites ‘healthy trends’ for injectables and US Generics
Citi lifted its price target on Hikma Pharmaceuticals on Tuesday to 2,845p from 2,770p as it said IQVIA April data highlighted "healthy trends" for injectables and US Generics.
Capricorn Energy reports first production at Sangomar development
Exploration and development company Capricorn Energy said on Tuesday that first production from its Sangomar Field development offshore Senegal has commenced after it received confirmation from Woodside Energy that the first oil condition under the sale and purchase agreement has been satisfied.
London open: Stocks edge up as investors mull jobs data
London stocks edged higher in early trade on Tuesday as data showed that UK wages grew faster than expected in the three months to April.
GSK launches appeal to recent Zantac ruling
GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidine, litigation, it announced on Tuesday.
UK wages grow faster than expected
Wages grew faster than expected in the three months to April, according to figures released on Tuesday by the Office for National Statistics, dashing hopes of a rate cut this summer.
London pre-open: Stocks seen flat as investors mull jobs data
London stocks were set for a flat open on Tuesday as investors mulled the latest UK jobs data.
Tuesday newspaper round-up: Asda, Apple, Elon Musk
One in three Asda staff have been attacked at work, according to research that included reports of workers being stabbed, punched and threatened with syringes. The poll of almost 1,000 members of GMB, one of the UK’s biggest unions, returned stories of delivery drivers being chased by people in cars, while store workers had food thrown at them. More than half (58%) of respondents said they had suffered injury or illness on the job. – Guardian.
US close: Stocks manage small gains on quiet Monday
Stocks on Wall Street showed modest gains on Monday, reflecting cautious optimism despite heightened political uncertainty following French President Emmanuel Macron's announcement of snap parliamentary elections.