Market Report
Rio Tinto no longer blacklisted by Norwegian wealth fund
Norway’s $1tn wealth fund has removed UK miner Rio Tinto and retailer Walmart from its blacklist, possibly paving the way for future investments in both companies.
Europe close: Stocks end lower despite news on M&A front
Stocks across the Continent finished off their worst levels of the session, helped by news of multiple multi-billion dollar corporate deals on both sides of the Atlantic which helped to offset investors' concerns around the geopolitical situation in the Middle East and global trade.
London close: Stocks little changed despite Gulf tensions, trade uncertainty
London stocks finished the session little changed on Tuesday as investors shunned risky assets amid rising geopolitical tensions and as they waited on the upcoming G-20 leaders summit in Japan, where the US and Chinese Presidents were scheduled to meet again to talk trade.
Quilter said to consider sale of closed-book UK life insurance portfolio
Wealth manager Quilter is said to be considering a sale of its closed-book UK life insurance portfolio.
Broker tips: William Hill, Asos
William Hill got a boost on Tuesday as Morgan Stanley said it was set to benefit from US casino owner Eldorado Resorts' merger with Caesars Entertainment.
UBS lowers Asos to 'neutral' on margin concerns
Analysts at UBS dropped online fashion retailer Asos from 'buy' to 'neutral' on Tuesday, telling clients that while it was turning more positive on the company's topline growth, it was less positive on its margins.
FTSE 250 movers: Petrofac flows lower, Dixons Carphone recovers
London's FTSE 250 fell 0. 20% lower to 19,260. 82 in afternoon trade on Tuesday, with Petrofac leading the index lower.
Director dealings: Ergomed founder ups stake
Ergomed revealed on Tuesday that executive chairman Dr Miroslav Reljanovic had acquired a total of 200,000 ordinary shares in the AIM-listed biotechnology firm.
US open: Tensions in the Gulf and weak consumer confidence drive stocks south
Wall Street headed south at the open as tensions between Washington and Tehran continued to build and on the heels of some much weaker-than-expected consumer confidence data.
First Group repels attempt to replace six of its board members
First Group's repelled an attempt by activist investor Coast Capital to replace six of its board members.
Tekcapital's Guident gets autonomous vehicle sensor patent
Intellectual property investment company Tekcapital announced on Tuesday that its portfolio company Guident had exclusively licensed patent application ‘PCT US19 14 547’, entitled,‘visual sensor fusion and data sharing across connected vehicles for active safety’,from Michigan State University.
FTSE 100 movers: Fresnillo shines; Morrisons drops after Kantar data
London's FTSE 100 was flat at 7,415. 36 in afternoon trade on Tuesday, with investors cautious amid escalating tensions between the US and Iran, while weak UK retail sales figures also weighed on the mood.
FireAngel trading 'slightly ahead' of budget
FireAngel Safety Technology Group investors heard on Tuesday how the board was “encouraged” by growth seen in first half sales, with “good progress” said to have been made in the sale of interconnected alarms, growing over 30% year-on-year and now accounting for 15% of total company sales.
Galantas Gold makes solid progress at Omagh gold mine
Galantas Gold Corporation reported accelerated progress in mine development at its Omagh gold mine in Northern Ireland on Tuesday.
US consumer confidence falls back in June on Mexico tariff fears
US consumer confidence took a big hit in June and inflation expectations soared, according to the results of a widely-reported survey, likely due to the impact on sentiment from the White House's announcement of tariffs on Mexican exports.
IronRidge pleased with x-ray diffraction results from Cape Coast
Minerals exploration company IronRidge Resources announced on Tuesday that additional x-ray diffraction (XRD) analysis of metallurgical composites had reaffirmed spodumene as the dominant lithium mineral phase - one of several targets within the Cape Coast Lithium Portfolio in Ghana.
Armadale Capital makes good progress at Mahenge Liandu
Natural resources investment company Armadale Capital announced “exceptionally high-grade” assay results from its Mahenge Liandu Graphite Project in Tanzania on Tuesday, which it said validated the commercialisation plans it had in progress.
Verona Pharma strengthens clinical team ahead of next round of trials
Respiratory-focussed biopharmaceutical company Verona Pharma announced two senior appointments to its clinical team on Tuesday.
US new home sales fall more sharply than expected in May
New home sales in the States slid last month, alongside a drop in prices.
William Hill to benefit from Eldorado's merger with Caesars, says Morgan Stanley
William Hill got a boost on Tuesday as Morgan Stanley said it was set to benefit from US casino owner Eldorado Resorts' merger with Caesars Entertainment.