Market Report
US pre-open: Stocks called to open higher as monetary policy takes centre stage
Wall Street futures were pointing to a positive open on Tuesday, as market focus looked set to shift somewhat, from trade to monetary policy, as several central banks across the globe geared up to reveal whether or not they would adjust interest rates.
Asia report: Indices lower as US-China spat rattles on
Asian markets were predominantly lower on Tuesday as the Chinese and US governments continued to snipe at each other, making a resolution to their trade dispute seem increasingly distant.
Eurozone inflation falls sharply in May
Eurozone inflation eased in May, official statistics showed on Tuesday, narrowly missing expectations and putting further pressure on the European Central Bank.
Shell projects higher-than-expected capex, might raise dividend
Royal Dutch Shell boosted its forecasts for free cash flow growth and opened the door to a hike in its dividend payout, even as it bumped-up its guidance for capital outlays by more than expected and set out the road map for the company's transition to a lower-carbon future.
London midday: Stocks turn higher as investors digest retail sales, construction data
London stocks had popped into the green by midday on Tuesday, shaking off earlier losses thanks to strong performances from the likes of ITV and Standard Life Aberdeen.
Tuesday newspaper round-up: Retailers, Woodford, Tesla, Purplebricks
Britain’s retailers are warning of a fresh wave of job losses and store closures after its health check of consumer spending showed the biggest drop in almost a quarter of a century last month. Blaming the political uncertainty that also led to a contraction in manufacturing, the British Retail Consortium (BRC) said sales were down 2. 7% – the weakest performance since it began its monthly survey in 1995. – Guardian.
FirstGroup urges investors to vote against Coast Capital's resolutions
FirstGroup has hit back at Coast Capital, arguing that the US-based activist investor's proposal to remove six of the current directors and replace them with seven of its own nominees is not in the best interests of shareholders.
Neil Woodford suspends flagship fund after surge in redemptions
Neil Woodford, one of the UK’s most well-established stock pickers, has suspended trading in his largest fund, including halting all redemptions.
Euro area unemployment registers unexpected dip in April
Unemployment in the single currency bloc surprised to the downside in April, reaching its lowest level since August 2008.
Intu Properties appoints Robert Allen as CFO
Shopping centre owner Intu Properties has appointed Robert Allen - the former chief financial officer of Crest Nicholson - as its new CFO with effect from 10 June.
Goldman downgrades Great Portland, cites weak market ahead
Goldman Sachs downgraded its stance on shares of Great Portland Estates to 'sell' from 'neutral' on Tuesday as it highlighted a weak market ahead.
Hargreaves Services grows underlying profits and revenues
Management consulting company Hargreaves Services expects its full-year underlying operating profits to be in line with expectations after revenue showed growth in its last trading year.
AstraZeneca searching for successor to chairman Johansson, report says
AstraZeneca has begun the search for a new chairman as the role's current incumbent Leif Johansson looks set to end his seven year spell at the Anglo-Swedish outfit, according to a report from Sky News.
Gooch & Housego shares tumble as trade war weighs on orders
Optical components manufacturer Gooch & Housego warned on Tuesday that full-year profits would slide in 2019 after America's trade dispute with China weighed on demand for industrial lasers.
Cloudcall inks deal with 'major' US staffing firm
Cloud-based software business Cloudcall has scored a significant new contract worth a minimum of £1. 1m with an unnamed "major US staffing firm".
Paragon Entertainment appoints industry vet Damien Latham as CEO
Attractions design and fit-out business Paragon Entertainment has appointed former Emaar Entertainment chief executive Damien Latham as CEO, with immediate effect.
UK construction sector shrinks in May amid Brexit uncertainty
The UK construction sector suffered its worst month in more than a year in May as Brexit-related uncertainty took its toll, according to figures released on Tuesday.
London open: Stocks in the red after US tech selloff; Woodford Trust slumps
London stocks fell in early trade on Tuesday, taking their cue from Wall Street, where the Nasdaq fell sharply as tech stocks took a beating on concerns about antitrust scrutiny.
AO World narrows losses despite weaker performance in Europe
Online electrical retailer AO World narrowed full-year losses in its last trading year despite reporting deeper losses on the Continent.
Ergomed names former Chiltern International finance head as CFO
Pharmaceutical industry services provider Ergomed named Richard Barfield to take over from chief financial officer Stuart Jackson on Tuesday.