Market Report
GW Pharmaceuticals granted orphan designation from EMA on cannabinoid product
Cambridge-based biopharmaceutical firm GW Pharmaceuticals has been granted orphan drug designation for its proprietary cannabinoid product platform for the treatment of tuberous sclerosis (TS) from the European Medicines Agency.
Altona Energy renews South Australian licenses via local joint-venture
Australia-focused coal company Altona Energy told investors on Tuesday that its joint-venture company, Arckaringa Coal Chemical, had been granted a renewal for its three exploration licences on the Westfield, Wintinna and Murloocoppie tenements.
US consumer confidence hits highest level since 2000 in February
US consumer confidence increased in February, according to figures released on Tuesday.
Nostra Terra shares climb 15% as company achieves cash flow positivity
Oil and Gas exploration and production firm Nostra Terra’s share prices leapt over 15% on Tuesday as the company announced it turned cash flow positive in February.
Nakama warns investors of 'significant loss' to come
Recruitment company Nakama warned investors on Tuesday that revenue for the year ending 31 March would be below that for the previous year, as improved trading predicted for its second trading half failed to materialise and dragged the group to a loss.
Fed's Powell commits to full employment and stable inflation mandates
In his first remarks as the new head of the US central bank, Jerome Powell appeared to strike a balance between pointing to continuity with his predecessors and a slightly less hawkish take on then current inflationary pressures and the Federal Reserve's policy bias.
US durable goods fall back by more than expected in January
Durable goods orders fell more sharply than forecast last month, amid large drops for both civilian and military aircraft.
US house price growth steady in December - S&P/Case-Shiller
US house price growth was steady in December, according to the S&P/Case-Shiller National Home Price Index.
FTSE 250 movers: The Provvy rockets but Meggitt disappoints
London's FTSE 250 index was up 0. 4% on Tuesday afternoon amid a blizzard of company news.
AFH Financial completes Harrison White acquisition
AIM-listed financial planning-led wealth management firm, AFH Financial, has completed the acquisition of Hertfordshire-based Harrison White.
Shore Capital says Devro stock to perform 'robustly' after mixed year
Analysts at Shore Capital reiterated their 'hold' recommendation for shares of Devro on Tuesday, but sounded a positive note on the company, pointing to its successful efforts to de-lever its balance sheet and an inflection in the rate of growth of its sales volumes as reasons to expect a positive share price performance.
Ryanair to close Glasgow base
Ryanair has announced plans to close its one aircraft Glasgow International base from November.
GKN board points to growth as Melrose vultures continue to circle
Amid an ongoing war of words with Melrose over the latter’s takeover bid, GKN issued a set of results in line with its previous guidance on Tuesday and announced the aim of separating its aerospace and Driveline businesses into two listed companies via a demerger in the middle of 2019.
Dip in UK industrial confidence offsets rise in services sentiment - EC
UK economic sentiment has declined in the industrial sector but confidence in the services sector rose to its highest level in more than two years, according to the European Commission.
Europe midday: Stocks little changed ahead of Fed chair speech
Stocks are holding near the unchanged mark come midday, ahead of a key speech from new US Fed chair Jerome Powell scheduled for later in the day.
Asia report: Markets mixed, China bourses sink
Markets in Asia finished mixed on Tuesday, with mainland China finishing well into the red as the region took a breather from its recent highs.
Dillistone's GatedTalent reaches new milestone
Recruitment software supplier Dillistone Group announced on Tuesday that its new GatedTalent business has reached a further landmark.
ASOS sitting pretty as Jefferies, Shore sing its praises
ASOS was sitting pretty on Tuesday as Jefferies and Shore Capital extolled its virtues.
Crimson Tide investing in growth after decent year
Crimson Tide, the provider of ‘mpro5 smart mobility-as-a-service’, updated the market on its trading for the year ended 31 December on Tuesday.
SDX Energy spuds development well at Sebou
North Africa-focussed oil and gas company SDX Energy has spud its SAH-2 development well on the Sebou permit in Morocco, it announced on Tuesday.