Market Report
Directa Plus making decent progress across focus sectors
Graphene nanoplatelets producer and supplier Directa Plus told investors it was continuing to make “good progress” on its strategy to use its “pristine graphene nanoplatelets” to enhance the existing products of its customers and to move up the value chain on Tuesday, as they gathered for the company’s annual general meeting.
Berenberg raises Acacia to 'hold' as Barrick deadline draws near
Analysts at Berenberg upgraded their recommendation for shares ofTanzania-focussed gold miner Acacia Mining from 'sell' to 'hold' on Tuesday, highlighting the potential to reap increased value even beyond its own forecasts.
Water Intelligence to work with 'major' US home solutions company
Water Intelligence announced the launch of a new business-to-business programme to build on its growing national insurance channel on Tuesday.
Heathrow unveils expansion plans
Heathrow Airport unveiled its plans to construct a third runway by 2026 and complete its expansion by 2050 on Tuesday.
Verditek to extend work with Paragraf on 'breakthrough' solar technology
Clean technology company Verditek announced on Tuesday that itself and Cambridge-based graphene electronics technology development company Paragraf updated the market on Tuesday, on their work together to harness the significant advantages of graphene to improve the performance of solar power generation over “state-of-the-art” cells and modules.
Tesco sees 'significant optionality for competitive growth'
Tesco sees "significant optionality" for competitive growth, as well as room for greater margins and increased cash generation.
Mortgage Advice Bureau to buy Scotland-based First Mortgage
Mortgage Advice Bureau has agreed to buy an 80% stake in Scottish peer First Mortgage.
Facebook unveils Calibra, the new digital wallet for its crypto Libra
Facebook announced on Tuesday that it will open a new digital wallet called Calibra to allow users to trade its new cryptocurrency Libra by 2020.
MoneyGram shares surge as it strikes deal with Ripple
Shares in MoneyGram International more than doubled in pre-market trading on Tuesday, after cryptocurrency start up Ripple took a 10% stake in the global payments firm.
EU car registrations edge up in May after eight consecutive months of declines
The European Union's passenger car market recorded a modest increase (+0. 1%) in May, but only after eight consecutive months of declines, the latest report from the European Automobile Manufacturers Association revealed.
Pokémon Go creator buys UK developer Sensible Object
Niantic, the company behind the hugely popular Pokémon Go game, has acquired UK developer Sensible Object.
Credit Suisse downgrades Experian, says share price reflects growth potential
Credit Suisse downgraded its stance on credit-checking firm Experian to 'neutral from 'outperform' on Tuesday and removed the stock from its focus list, as it said the current price is reflecting the growth potential of the business.
Europe midday: Stocks bound ahead after ECB stokes 'animal spirits'
Stock are bounding higher across the Continent after European Central Bank chief Mario Draghi said policmakers were not resigned to simply accepting low inflation.
London midday: Stocks extend gains as miners rally; Draghi comments provide a boost
London stocks had extended gains by midday on Tuesday, boosted by strength in the mining sector and tracking broader gains in Europe after European Central Bank President Mario Draghi signalled that monetary policy could be eased if inflation does not pick up.
US pre-open: Futures point to modest gains as focus remains on the Fed
Wall Street futures were pointing to modest gains at the opening bell on Tuesday with traders' attention still largely attuned to the Federal Reserve, with policymakers set to kick off a two-day meeting later in the day.
NHS requires extra £8bn in funding or risks long-term plan failing
The UK government needs to spend an extra £8bn on the NHS to keep it afloat or risk the service’s long-term plan failing, revealed new analysis from the Health Foundation.
Fund managers most 'bearish' in June since the financial crisis, BofA-ML says
Fund managers were at their most "bearish" in June since the last financial crisis, amid concerns over war and recession, the possibility that monetary policy might have lost its potency to foster growth and "low strike prices for policy puts", the results of a widely-followed survey showed.
Asia report: Most markets rise as investor attention turns to Fed
Most markets in Asia were higher on Tuesday, as investors in the region turned their attention across the Pacific to the US Federal Reserve meeting, set to begin later in the global day.
Barclays ups price target but cuts rating for Derwent London
Barclays has cut its recommendation on London Derwent, despite upping its price target, pointing to a number of factors undermining the capital's otherwise strong office market.
Pressure mounts on ECB as inflation cools in eurozone
Annual inflation in the eurozone eased to its weakest rate for a year in May, putting further pressure on the European Central Bank to take action.