Market Report
Eden Research dips as loss widens despite 'pleasing growth'
Biopesticide products developer Eden Research’s shares dipped on Tuesday after it reported that its annual losses deepened despite an increase in revenue.
Core US factory gate prices drop by surprise in December
Factory gate prices in the States were dragged down by more-than-expected last month as energy cost pressures receded.
Ophir Energy capex comes in below forecasts
Ophir Energy updated the market on its trading and operations for the 12 months ended 31 December on Tuesday, reporting estimated capital expenditure including pre-licence expenditures of $122m, which was below its previous guidance of $145m.
China urges Canada to immediately release Huawei executive
China’s Foreign Ministry urged officials in Ottawa to immediately release Huawei executive Meng Wanzhou.
EQTEC signs first equipment contract with California's Phoenix Energy
Biomass gasification-to-energy technology company EQTEC has signed its first equipment purchase contract with Phoenix Energy, in relation to its first power plant in California, it announced on Tuesday.
Mears ends year in line with expectations
Social housing and care support services provider Mears updated the market on the year ended 31 December on Tuesday, reporting that its trading was in line with the board's expectations.
Itaconix signs global supply agreement with Nouryon
Itaconix has signed an exclusive global supply agreement with Nouryon - formerly AkzoNobel Specialty Chemicals - for its bio-based polymers with chelating properties for the detergents market, it announced on Tuesday.
Europe midday: Stocks little changed ahead of vote in UK parliament
Stocks on the Continent are little changed shortly after the mid-point of the session, helped by more positive news out of Germany and China, although investors are cautious ahead of the British parliament's vote on the Prime Minister's withdrawal plans later in the day.
Empire State manufacturing index at worst level in more than a year
Business conditions in the New York region deteriorated much more than expected in January, according to a survey from the New York Fed, as the US-China trade war and the government shutdown took their toll.
Knights Group buys employment specialist Cummins; H1 profit rises
Regional legal and professional services business Knights Group said on Tuesday that it has acquired Leicester-based employment specialist Cummins Solicitors for £1. 57m, as it posted a jump in first-half revenue and profit.
JPMorgan Chase Q4 misses expectations as bond trading revenue drops
JPMorgan Chase posted a rise in fourth-quarter profit and revenue on Tuesday, but the numbers fell short of analysts' expectations as its bond trading revenue declined amid spikes in market volatility.
US pre-open: Stocks seen up on China boost but JPMorgan Chase disappoints
US stocks looked set for a positive open on Tuesday, with investors likely to welcome Beijing's latest efforts to bolster China's flagging economic growth, while earnings from the likes of JPMorgan Chase will be in focus.
London midday: Stocks pare gains as jitters creep in ahead of Brexit vote
As the vote on Theresa May's Brexit deal loomed, it was unsurprising to see stocks in London come off their highs by midday on Tuesday, as jitters about the UK's divorce from the EU offset relief over China's latest stimulus measures.
Pernod Ricard to meet activist hedge fund Elliott to improve margins
Spirits company Pernod Ricard is set to meet activist hedge fund Elliott ahead of its earnings report in early February in a move to improve its margins, according to a report on Tuesday.
Asia report: Most markets higher despite overnight dip in sentiment
Most markets in Asia finished higher on Tuesday, even amid continuing concerns that China’s economy was slowing down as a result of its ongoing trade war with the United States.
Dignity sees full-year profits ahead of market views after stronger Q4
Funeral services provider Dignity said on Tuesday that its full-year underlying profits will beat market expectations following a stronger-than-expected performance in the fourth quarter.
Ashmore confident on net inflows after softer second quarter
Growth in assets under management at Ashmore Group slowed in the second quarter as positive net inflows were counterbalanced by negative investment performance.
German economic growth slows to five-year low in 2018
German economic growth eased to its slowest rate in five years last year but the country just managed to avoid a technical recession, according to data released by Destatis on Tuesday.
Genel Energy puts in solid performance in 2018
Genel Energy issued a trading and operations update in advance of its full-year 2018 results on Tuesday, reporting that $335m of cash proceeds were received during the year - an increase of 27%, with $98m being received in the fourth quarter.
Genedrive makes progress with HCV kit in first half
Near-patient molecular diagnostics company Genedrive issued an unaudited update for the six months ended 31 December on Tuesday, reporting revenue of £1. 5m, up from £1. 3m year-on-year.