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Market Report
29 May
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Commodities: Precious metals overcome dollar strength, despite trade concerns

Commodity prices were little changed overall, even as a spate of warnings in China's state-owned press that Beijing might use so-called rare earths as a tool in its trade war with Washington fed into further strength US dollar.

29 May
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Sector movers: Oil equipment stocks pace losses as markets reset

Oil equipment stocks were unwanted, as a spate of reports in China's state-controlled press said the country's government might restrict the supply of rare earths to foreign users.

29 May
new york stock exchange, nyse, markets, wall street, us. photo: grant wickes
US close: Stocks close lower as trade tensions fuel growth concerns

Wall Street equities closed lower on Wednesday, as ongoing trade tensions fuelled worries about growth concerns, leading to increased purchases of government bonds.

29 May
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Thursday preview: Fed's Clarida, Johnson Matthey in focus

The market spotlight on Thursday will likely be on Richard Clarida, as the Federal Reserve's vice-chairman speaks at The Economic Club in New York.

29 May
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Europe close: Investors dig in for protracted trade war

Stocks across are the Continent ended the day lower on Wednesday, tracking the losses seen overnight on Wall Street and in the wake of a surprisingly weak reading on the German jobs market.

29 May
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Europe midday: Stocks hit by trade concerns, first rise in German unemployment in 2 years

Stocks across are the Continent are moving lower, tracking the losses seen overnight on Wall Street and in the wake of a surprisingly weak reading on the German jobs market.

29 May
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Director dealings: Piers Morgan's spouse ups stake in Verona Pharma

Verona Pharma revealed on Wednesday that chief financial officer Piers Morgan's wife Kayt Morgan had acquired 33,802 ordinary shares in the AIM-listed biotechnology outfit.

29 May
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Swiss officials open probe into possible bribes paid to foreign officials

Swiss authorities have kicked off an investigation against "unknown perpetrators" suspected of bribing foreign officials.

29 May
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London close: Stocks slump amid growing trade concerns

London stocks fell on Wednesday as escalating trade tensions and a warning from the European Central Bank knocked investor sentiment.

29 May
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Broker tips: First Derivatives, Serco, Diploma, Electrocomponents

Analysts at Berenberg raised their target price on consulting services firm First Derivatives from 2,100p to 2,750p on Wednesday, highlighting the group's "strong growth" despite having little cash to show for it.

29 May
wall street
US open: Stocks head south as global growth and recession fears reappear

Wall Street trading started off on a sour note at the opening bell on Wednesday, with ongoing trade tensions feeding into concerns around the outlook for global growth, feeding the ongoing inversion in the US Treasury yield curve.

29 May
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Proactis teams up with GB Group to support payment facility onboarding

Spend management and e-commerce solution provider Proactis Holdings has signed a supply agreement with identity management specialist GB Group to support the delivery of its ‘Accelerated Payment Facility’ (APF), it announced on Wednesday.

29 May
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Verditek inks collaboration deal with Optimeyes Energy

Verditek announced on Wednesday that it had signed a framework agreement with Optimeyes Energy, to advance commercial opportunities jointly.

29 May
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DS Smith extends chair Gareth Davis' term to January 2021

Packaging company DS Smith said on Wednesday that it has extended Gareth Davis' term as chairman to 3 January 2021.

29 May
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Trump wants deal with UK post-Brexit

US President Donald Trump wants to strike a trade deal with the UK post-Brexit his ambassador to London, Woody Johnson said on Wednesday.

29 May
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Itaconix offloads stake in Danish nicotine gum firm

Sustainable specialty polymers company Itaconix announced the sale of its holdings in privately-held Danish nicotine gum company Alkalon on Wednesday.

29 May
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Benchmark in talks to take over Chile joint venture

Aquaculture health, nutrition and genetics company Benchmark Holdings updated on its joint venture with Chilean breeding and genetics partner AquaChile on Wednesday.

29 May
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Abercrombie & Fitch same-store sales disappoint

Clothing retailer Abercrombie & Fitch turned in weaker-than-expected same-store sales and announced its plans to shutter three more flagship stores on Wednesday.

29 May
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Alba Mineral Resources pleased with results from recent soil sampling

Diversified mineral exploration and development company Alba Mineral Resources reported the second set of results from its 2019 soil sampling campaign at its 107 square kilometre licence area in North Wales on Wednesday.

29 May
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FTSE 100 movers: NMC Health retreats, Tesco drops after Kantar data

London’s FTSE 100 was down 1. 2% at 7,180. 48 in afternoon trade on Wednesday amid growing trade war concerns.