Market Report
Europe close: Banks lead losses amid concerns about Italy
Concerns about the political situation in Italy and Greece dampened sentiment at the start of the week.
Europe midday: Political worries in the periphery weigh on sentiment
Concerns about the political situation in Italy and Greece are dampening sentiment at the start of the week.
Deutsche Bank downgrades European banks, upgrades energy
Deutsche Bank downgraded its stance on European banks on Tuesday in its latest equity strategy note, as it upgraded the energy sector.
HSBC initiates Ferrexpo at a buy
Analysts at HSBC initiated coverage of Ferrexpo with a recommendation to 'buy' and a 210. 0p target price.
FX round-up: Sterling mixed after election interviews
Sterling was mixed across key pairs on Tuesday afternoon, having emerged relatively unscathed after the long weekend's serving of steady general election news.
London close: Lethargic FTSE ends lower as resources, banks ease
London equities meandered to a somewhat lethargic finish on Tuesday, after the bank holiday weekend, with resources stocks slipping with commodities prices and banks also hurting.
Wednesday preview: BoE money and credit report, euro inflation, IG update
Wednesday is a muted day in the business diary, with little major company news and a sprinkling of second-line economic data that will a give further reading on the consumer environment at home and over the channel, plus the Beige Book stateside.
Amazon shares breach $1k for the first time
Shares in US e-commerce giant Amazon surpassed the $1000 mark for the first time in the company's history on Tuesday.
Commodities: Crude sinks on doubts over sufficiency of Opec cut extension
Oil prices resumed their move southwards on Tuesday as bears carried out another round of selling, doubting cartel Opec's extended production cuts would alleviate the global glut.
US open: Stocks edge lower ahead of key data
Investors played it safe at the start of the week - and ahead of Friday's all-important monthly jobs report - with weaker oil prices offsetting better-than-expected readings on home prices and personal consumption and spending.
Vivendi gets conditional OK from European Commission for Telecom Italia acquisition
The European Commission has approved Vivendi's acquisition of Telecom Italia, subject to the latter's divestment of its stake in broadcasting services group Persidera.
Construction advancing at Advanced Oncoptherapy's Harley Street premises
Developer of next-generation proton therapy systems for cancer treatment, Advanced Oncotherapy, announced on Tuesday that excavation work at its flagship Harley Street site was progressing “well” and “on time”.
Trakm8 awarded initial contract with Mecalac Construction Equipment
Telematics and data provider Trakm8 announced that it has been awarded an initial contract by global equipment solutions provider Mecalac Construction Equipment UK - previously Terex GB - on Tuesday.
UK wages unlikely to recover in medium term, forecasts S&P
After years of sluggish growth UK real wage growth turned negative last month and, with wages being hampered by large numbers of zero-hour contracts, look unlikely to recover for years to come, said rating agency S&P on Tuesday.
Savannah Resources reports on 'robust' Mutamba scoping study
Savannah Resources announced the completion of the Mutamba Scoping Study on Tuesday, which concluded that there was potential for a “financially robust, long life” mineral sands project, which the board said was anticipated to provide “excellent” life of mine financial returns with relatively modest capital requirements.
Silence Therapeutics makes further IP progress
Developer of novel RNA therapeutics for the treatment of serious disease, Silence Therapeutics, announced a “further step” in the expansion of its chemical modification patent estate.
US house prices rise in March - S&P/Case-Shiller
House prices in the US rose more than expected in March, according to the S&P/Case-Shiller National Home Price Index.
FTSE 250 movers: Investors disconnect from TalkTalk; Petrofac pleases
Investors disconnected from troubled telecoms group TalkTalk on Tuesday as the shares led the FTSE 250 index into red territory.
SDX Energy reports positive well test results from South Disouq
North Africa-focussed oil and gas company SDX Energy announced the results of the well test conducted on the SD-1X well on Tuesday, following the recent natural gas discovery at South Disouq, Egypt where the company has a 55% operated working interest.
Ensco to buy Atwood Oceanics in all-share deal
Ensco has agreed to buy Atwood Oceanics in an all-share transaction that would create a combined entity worth around $6. 9bn.