Market Report
Results round-up
Wolseley turned up the dial on sales in the third quarter, as the heating and plumbing group enjoyed good growth from its main US markets which offset a weak Britain.
Tlou produces first coalbed methane power in Botswana
Botswana-focussed coalbed methane (CBM) power generation developer Tlou Energy announced on Tuesday that it generated its first power from CBM at its field in Botswana following the installation of a gas generator at the Selemo project area.
Amur makes solid progress at Kun-Manie deposits
Russia-focussed nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced its progress through 14 June on its 2017 drill programme at the Ikenskoe / Sobolevsky (IKEN ) and Kubuk (KUB) deposits of Kun-Manie on Tuesday.
Investec keeps Barclays at 'buy' after SFO ruling
Analysts at Investec reiterated their 'buy' stance and target price on shares of Barclays after the Serious Fraud Office charged four former top executives for 'fraud' and the lender itself with two offences of conspiring to commit fraud and on one account of unlawful financial assistance.
OPEC goal of cutting global oil inventories will remain elusive, Morgan Stanley says
The Organisation of Petroleum Exporting Countries' stated aim of cutting excess global oil inventories is likely to prove elusive for some time to come, Morgan Stanley said.
London midday: Stocks edge up as pound hit by Carney comments
London stocks had edged higher by midday on Tuesday, helped along as the pound took a tumble after Bank of England governor Mark Carney said it was not the right time for an interest rate hike.
NWF Group finishes year in line with expectations
Specialist agricultural and distribution business NWF Group issued a trading update for the financial year to 31 May 2017 on Tuesday, confirming that trading for the year was ahead of the prior year and in line with market expectations.
Horizonte awards three more contracts for Araguaia study
Brazil-focussed nickel development company Horizonte Minerals announced on Tuesday that, further to its previous announcement on 6 March, it awarded further contracts for key parts of the feasibility study for its 100%-owned Araguaia nickel project.
Pamplona Capital to buy Parexel in $5bn deal
Biopharmaceutical services provider Parexel International Corp has agreed to be bought by Pamplona Capital Management for $88. 10 a share, in a deal valued at around $5bn including Parexel's debt.
Asia report: Markets mixed ahead of MSCI China decision, Aussie banks fall
Markets in Asia finished mixed on Tuesday, with many traders keeping their wallets firmly closed ahead of the decision from MSCI on whether to include mainland China stocks.
Europe midday: Stocks sag as oil skids lower
Stocks pulled away from their earlier highs, weighed down by selling in Basic Resources and Oil & Gas names.
Rio Tinto rebuffs Glencore bid for thermal coal assets
Rio Tinto has rebuffed a counter-bid for its Australian thermal coal assets from Glencore and recommended shareholders in favour of a sale to to Yancoal Australia.
US pre-open: Stocks seen touch higher as investors eye more Fedspeak
Stocks on Wall Street looked set for a slightly firmer open on Tuesday, as investors eyed speeches from Federal Reserve officials.
IWG shares dive after founder sells GBP94m chunk
IWG chief executive Mark Dixon has sold £94. 2m shares in the serviced office business he founded almost 30 years ago, which sent the share price sharply lower on Tuesday.
Tesco customers take to social media as IT glitch hits deliveries
Tesco's home delivery service has been hit by an IT glitch.
Anglo American rough diamond sales dip year on year
The value of Anglo American's rough diamond sales fell 6% year-on-year in the fifth De Beers sales cycle of 2017.
Ariana raises £1.9m through placing and subscription
Turkey-focussed gold exploration and development company Ariana Resources announced on Tuesday that it had raised an aggregate amount of approximately £1. 87m by way of a placing of 133,846,154 new ordinary shares, and the subscription of 10,030,770 new ordinary shares at a price of 1. 30p per placing and subscription share.
Investec starts Domino's at 'sell', highlights challenges ahead
Shares in Domino's Pizza weren't looking too tasty on Tuesday as Investec initiated coverage of the stock with a 'sell' rating and 271p price target, pointing to a number of challenges.
7digital shells out £2.2m for competitor 24-7
Digital music and radio services platform 7digital announced the acquisition of its “significant European competitor” 24-7 Entertainment for £2. 2m on Tuesday, from MediaMarktSaturn, through the issue of 23,144,616 new ordinary shares and £0. 9m of cash in respect of funds held on the 24-7 balance sheet.
Tuesday broker round-up
Burberry Group: Berenberg reiterates Buy with a target price of 1900p.