Market Report
Pressure Technologies' loss widens as alternative energy revenue stumbles
Pressure Technologies reported on Tuesday that its full-year loss widened due to the impact of a weak performance in its Renewable Energy division.
European insurers and wealth managers 'should outperform market'
European insurers should outperform the market in 2019, RBC Capital Markets predicted, with strong balance sheets and stronger pricing boosting earnings, though Standard Life Aberdeen was downgraded.
US final demand prices for November fall back as expected
Wholesale inflation in the States fell back last month as goods and energy prices receded, but printed ahead of forecasts at the so-called 'core' level.
Chariot looking forward after disappointing year
Atlantic margins-focussed oil and gas exploration company Chariot Oil & Gas updated the market on its operations on Tuesday, prior to its 31 December year-end, reporting that over the past 12 months it had continued to invest in its portfolio to capitalise on the current low cost environment.
Shoppers 'go wild' for peanut pralines as Hotel Chocolat opens NY store
Premium chocolatier Hotel Chocolat has opened its first store in New York as it presses ahead with its expansion plans.
Europe midday: Bounce gains altitude, Basic Resources and Autos lead
The early bounce in stocks is strengthening on the back of a more positive news-flow around the US-China trade talks, helped by somewhat more positive economic headlines on the Continent.
Asia report: Markets mixed after confusing session on Wall Street
Markets in Asia finished on a mixed note on Tuesday, with many stocks struggling to find direction after a choppy session on Wall Street overnight.
US small business sentiment deteriorates more than expected
Small business sentiment in the US deteriorated more than expected in November, according to the National Federation of Independent Business.
US pre-open: Stocks set for gains amid trade talk optimism
US stocks looked set for gains on Tuesday following a late recovery in the previous session, as investors welcomed signs of progress in Sino-US trade talks.
London midday: Stocks extend gains as PM sets off on EU charm offensive
London stocks has extended gains by midday on Tuesday, boosted by strong showings from the likes of WPP and Ashtead, as the pound clawed back some of the losses from the previous session.
China moving to cut tariffs on US cars
Chinese authorities are moving towards reducing the tariffs on imported cars from the US imposed during the ongoing trade spat with Washington, Bloomberg reported.
CMA probes Ebay's UK motors takeover
UK antitrust authorities have launched an investigation into eBay's proposed acquisition of Motors. co. uk.
Trump concerned about 'real possibility' of being impeached
US President Donald Trump is reportedly concerned there is a “real possibility” he could be impeached once Democrats take the House of Representatives, CNN said on Monday.
Europe open: Stocks track gains on Wall Street, positive news on trade
After a hesitant start to trading, some investors on the Continent appear to be testing the waters in the wake of the more positive headlines around US-China trade talks and the budget spat between Brussels and Italy.
ASOS burning through cash, says Morgan Stanley as it slashes price target
ASOS shares slid on Tuesday as Morgan Stanley chopped its price target on the online fashion retailer to 3,200p from 5,000p as it becomes increasingly concerned about cash flows.
German ZEW beats forecasts in December but still depressed
German economic sentiment unexpectedly improved in December, but remained depressed, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
WPP unveils restructuring plan focused on creativity, tech
WPP will spend £300m over the next three years as new boss Mark Read's restructuring plan aims to make the marketing and advertising giant a "leader in creativity and technology" while keeping profit margins above 15%.
RM signals forecast-busting final results
RM updated the market on its trading on Tuesday, reporting that it expected results for the financial year ended 30 November to be slightly ahead of expectations.
Jadestone makes solid progress with Montara asset
Asia-Pacific focussed oil and gas production company Jadestone Energy updated the market on its Montara asset inspection and maintenance shutdown on Tuesday, reporting that the operating team had made “excellent” progress in efficiently and safely completing more than 8,000 hours of work offshore.
Macron's festive gifts to France 'risk Italy conflict'
French President Emmanuel Macron doled out some festive sweeteners to his citizens overnight, risking a new EU conflict as it may drive the country's deficit above European budget limits.