Market Report
FX round-up: Sterling mostly lower after consensus-beating CPI rise
Sterling ended up mostly lower on key crosses Tuesday, but up on the US dollar, in the aftermath of a higher-than-expected print on UK inflation for April.
Europe close: Gains for the single currency dampen investor sentiment
Stocks on the Continent moved off the 21-month highs hit during the previous session amid a political furore around US president Donald Trump's alleged mishandling of sensitive intelligence that sent the greenback hurtling to six-month lows.
London close: FTSE barges higher after CPI, with consumer goods, miners leading
Stocks in London barged higher in the aftermath of an unanticipated rise in UK inflation, with consumer-sector and mining equities prominent at the top end of the blue-chip ladder.
FTSE 100 movers: Vodafone rallies on results but easyJet flies lower
London's FTSE 100 was up 0. 9% to 7,522. 81 in afternoon trade, breaching the 7,500 level for the first time.
FTSE 250 movers: Kaz and Ocado lead gains
The FTSE 250 index was in positive territory on Tuesday afternoon, led by a copper miner and a couple of stocks benefiting from takeover rumours.
Director dealings: Randgold boss sells GBP3.6m of shares
Randgold Resources chief executive Mark Bristow sold £3. 6m worth of shares in the mining group after recent quarterly results helped them bounce off a three-month low.
Vodafone abandons £20m bid for naming rights of West Ham stadium
Vodafone Group will not pursue a deal for the naming rights of the London Stadium, after deciding against the £20m deal.
US open: Retailers continue to drag amid backdrop of weaker dollar
Retailers' shares are weighing on US stock benchmarks again, while accusations that the president might have shared confidential information with visiting Russian diplomats takes its toll on the dollar.
Wednesday preview: Employment data, British Land, Sophos, Countrywide
Alongside some corporate results from the likes of British Land, Sophos and SSE, Wednesday's unemployment and earnings data will provide a fuller picture of the ongoing squeeze on UK consumers, following data that showed inflation rising at its fastest rate in three and a half years.
BTG posts drop in full-year profit
Specialist healthcare company BTG reported a drop in full-year pre-tax profit on Tuesday as it said translation benefits from a weaker sterling were offset by hedging losses on forward contracts.
Lionsgold launches online trading platform
Gold-focussed exploration company Lionsgold announced the release of its financial technology gold application ‘IndexGold’ on Tuesday.
Premaitha revenues rise as strategy progresses
International molecular diagnostics group Premaitha Health updated the market on trading for its financial year to 31 March on Tuesday, which included one month of trading from Yourgene Bioscience, since the acquisition on 2 March.
Accrol stable in 2017 despite macroeconomic challenges
Independent tissue converter Accrol Group updated the market on its trading for the year to 30 April on Tuesday, saying it had a “strong” year of growth in its first 12 months as a publicly listed business, following its successful IPO on AIM in June.
OptiBiotix launches two new products at Geneva trade show
Life sciences business OptiBiotix Health announced the successful launch of its SlimBiome and LPLDL products at the Vitafoods Europe trade show in Geneva from the 9-11 of May on Tuesday.
Man United swings to £3.8m loss
Manchester United said on Tuesday that it swung to a loss in the three months to the end of March but lifted its revenue and profit guidance for the full year.
Commodities: Crude trots higher on continued curb-extension hopes ahead of API data
Crude-oil futures continued to trot higher on continued hopes that Opec-led production curbs will last into 2018, but investors have a wary eye on two sets of US inventories data due out this week.
Results round-up
Specialist healthcare company BTG reported a drop in full-year pre-tax profit on Tuesday as it said translation benefits from a weaker sterling were offset by hedging losses on forward contracts.
Broker tips: Severn Trent, United Utilities, Countryside Properties, Lloyds
Deutsche Bank downgraded its recommendation on shares of United Utilities and Severn Trent ahead of the 2019 price review.
Investec reiterates buy on Lloyds, says plenty more yet to come
Analysts at Investec reiterated their 'buy' stance on shares of Lloyds ahead of the state's expected full exit from the lender later in the week.
Deutsche Bank downgrades United Utilities and Severn Trent to hold from buy
Deutsche Bank downgraded its recommendations on shares of United Utilities and Severn Trent ahead of the 2019 price review.