Market Report
London midday: Stocks extend gains as miners advance but utilities drop
London stocks were extending their gains by midday on Tuesday, with miners lending support as investors sifted through corporate news.
'Skills shortage' growing in UK as job candidate availability plunges
Even two years away from Brexit, UK employers are already complaining of a shortage of suitable job applicants for a wide range of roles.
Frontier Smart Tech reveals accounting error after healthcare disposal
Frontier Smart Technologies Group announced on Tuesday that in the last week, as part of an internal reforecasting exercise, the board had become aware that an intercompany debtor of £1. 67m recorded in the balance sheet at 31 December should have been provided against as part of the disposal of the healthcare business.
MySQUAR achieves revenue milestone as it releases more apps
Burma-focussed social media, entertainment and payments platform MySQUAR announced that it has achieved a milestone in average daily revenue on Tuesday, and issued an update on product launches.
Centaur Media trades in line in first quarter
Investors in business-to-business information, insight and events group Centaur Media were gathering for the company’s annual general meeting on Tuesday, with the board issuing a statement confirming it traded in line with management expectations in the first three months of the new financial year.
Hornby shareholders withdraw bid to oust chairman
Shareholders in model train set maker Hornby have withdrawn their request to hold a general meeting to remove chairman Roger Canham.
US pre-open: Stocks seen muted ahead of more Fedspeak
US futures pointed to a muted open on Wall Street as investors looked ahead to more Fedspeak.
Savills trading in line but says election run-up to hit residential sales
Estate agency Savills said on Tuesday that residential transaction activity is expected to take a hit in the run-up to the general election on 8 June.
Asia report: Markets lower ad Koreans head to polls
Markets in Asia finished largely weaker on Tuesday, as investors had their eyes locked on the South Korean presidential election and the Australian federal budget, following a stellar start to the week on Monday.
Apple hits $800bn as analysts eye $1trn valuation
Tech giant Apple Inc remains the world’s most valuable company as the iPhone maker saw its share price push past $800bn on Monday.
Glencore best positioned among peers, Macquarie says
Glencore is best-positioned among peers in terms of its commodity exposure, cost performance and potential for cash returns, analysts at Macquarie said.
Liberum initiates HSS Hire at 'sell'
Liberum initiated coverage of HSS Hire at 'sell' with a 46p price target.
Andalas Energy in talks with investors about fundraising
Andalas Energy and Power confirmed on Tuesday that it is in discussions with investors about a potential fundraising to fund its ongoing activities in Indonesia.
Amazon moves into live music in latest attempt to boost Prime subscriptions
Online retail firm Amazon is expanding into the live music industry in the UK, kicking off with a London gig for 1970s group Blondie this month.
Citi ups target on British American Tobacco, eyes shift in dividends to US dollars
Analysts at Citi trimmed their medium-term earnings estimates for British American Tobacco modestly but reiterated their 'buy' recommendation on the shares following a meeting with its chief.
Gear4music earnings surge as it expands international offer
Online musical instruments and music equipment retailer Gear4music announced its unaudited financial results for the 12 months to 28 February on Tuesday, with revenue rising 58% during the year to £56. 13m.
London open: Stocks edge up as miners bounce back
London stocks edged higher in early trade, helped along by a strong showing in the mining sector.
Commerzbank posts 'solid' operating profit in first quarter
Commerzbank reported on Tuesday that it generated a “solid” operating profit in the first quarter of 2017, as it further improved its Common Equity Tier 1 ratio.
Retail sales rebound thanks to Easter food frenzy, but outlook concerns eyed
A thumping Easter trading period helped UK retail sales bounce back in April after a muted start to the year, though the industry sees the outlook as far from rosy.
Elliott launches legal petition to remove AkzoNobel chairman
Elliott Advisors has launched legal action to oust AkzoNobel chairman Antony Burgmans after the company rejected a third unsolicited takeover offer from US chemicals manufacturer PPG Industries.