Market Report
Alitalia to start bankruptcy proceedings
Italian airline Alitalia said on Tuesday that it will formally request to enter bankruptcy proceedings after its employees opposed a restructuring plan.
Liberty House to create 300 new steel jobs
Liberty House, which has formally completed its £100m acquisition of Tata Steel's Speciality Steel division, is set to create 300 new jobs in South Yorkshire.
Europe midday: Stocks gain further on strong manufacturing, labour data
Europe's main equity indices approached monthly highs by midday on Tuesday, buoyed by strong manufacturing and employment data gains.
Old Mutual eyes furthers costs from OMW platform contract switch
Old Mutual reported its Old Mutual Wealth arm has spent £330m transforming its investment platform and after cancelling a contact to build a proprietary system and move to an outsourced alternative, will need to spend another £120-160m.
KEFI Minerals makes progress with Ethiopia courts
Gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, KEFI Minerals, updated the market on legal proceedings regarding an inherited claim for damages on Tuesday - particularly that a ruling by the Federal Supreme Court of Ethiopia had drastically reduced the firm’s potential legacy liabilities.
London midday: Stocks in the black after upbeat manufacturing data
London stocks were holding on to gains by midday, while the pound ticked higher following the release of upbeat UK manufacturing data.
Eurozone unemployment holds steady at 8-year low in March
Unemployment in the eurozone was steady in March, holding at its lowest level in more than eight years, according to data from Eurostat.
Shawbrook's solid start hit by unwanted costs from Pollen bid
Shawbrook has reported a solid first quarter, while the challenger bank's board announced more details about why it continues to recommend shareholders reject a buyout offer from Pollen Street and BC Partners.
US pre-open: Stocks seen flat as investors eye Apple earnings
US futures suggested a mixed open on Wall Street after the Nasdaq closed at a record high the day before, as investors awaited results from technology giant Apple.
UK manufacturing activity spikes to three-year high
UK manufacturing activity was much stronger than expected in April, according to a survey published on Tuesday, as companies restocked rapidly as input price pressures remained high but continued to retreat from their peak.
Access Intelligence reports solid revenue increases
Corporate communications and reputation management software provider Access Intelligence announced its final results for the year to 30 November on Tuesday, confirming recurring revenue from continuing operations increasing by 39% and total revenue from continuing operations increasing by 43%, reflecting the full year impact of its acquisition in June 2015.
Asia report: Markets mixed as RBA stands pat on rates
Markets in Asia were mixed on Tuesday, with a number of the larger exchanges returning from a long weekend after various public holidays on Monday.
BP barrels off to brilliant first quarter, analyst angst over dividend
BP got off to a strong first quarter, with a £1. 45bn profit and expectations of a "material improvement" in cash flow from the second half of the year as production begins at new upstream projects.
Premier Veterinary completes £6m sale of buying group
Premier Veterinary Group announced on Tuesday that, further to the announcement it made on 3 March, it had completed the sale of the business, trade and assets of its buying group to Animal Healthcare Services - a subsidiary of Henry Schein - for a cash consideration of £6. 3m.
Custodian acquires Gloucester retail warehouse
UK property investment company Custodian REIT announced a further property purchase on Tuesday, confirming it had acquired a 22,663 sq ft retail warehouse on Southbrook Retail Park, Gloucester, near the town centre and within three miles of the M5.
Ocado surges on M&S tie-up report
Ocado shares surged on Tuesday following a report over the weekend that it could be eyeing a tie-up with Marks & Spencer, after chief executive Steve Rowe said last week that the retailer was considering options for a soft trial of food delivery in the autumn.
Aberdeen Asset Management revenues up, outflows slow
Aberdeen Asset Management posted a rise in first-half revenues as outflows slowed.
Breedon buys concrete operator
AIM-listed construction materials group Breedon has acquired Pro Mini Mix Concrete, Mortars and Screeds, a 'mini mix' concrete operator based at Oldbury in the Black Country and covering the West Midlands.
Flybe inks deal with Stobart Air
Budget airline Flybe has inked a deal with Stobart Air, a subsidiary of Stobart Group, to provide two Embraer E195 aircraft under a combined commercial arrangement lasting up to 20 months subject to earlier termination options.
Eurozone manufacturing growth hits six-year high
The eurozone manufacturing sector continued to recover in April, expanding at its fastest pace in six years, according to figures released on Tuesday.