Market Report
US house price inflation cools further in April
US house prices edged past forecasts in April even as the annual rate of price gains added to evidence of an ongoing slowdown, although some economists believed prices might be close to hitting bottom.
Asia report: Most markets lower ahead of Trump-Xi meeting
Markets in Asia took a tumble on Tuesday, as investors digested fresh sanctions placed on Iran by the United States, and looked ahead to a meeting between Donald Trump and Xi Jinping later in the week.
Morses Club trading in line, credit issued down slightly
Doorstep lender Morses Club said on Tuesday that current trading remains in line with expectations, with customer numbers stable but credit issued down a touch on the year as customers borrow less frequently.
Gold hits six-year high amid escalating geopolitical tensions
Gold prices have hit their highest level in six years, with demand for the safe-haven asset strong as the imposition of US sanctions on Iran heightens geopolitical tensions.
Abbvie snaps up Botox-maker Allergan in $63bn deal
Chicago-based biopharmaceutical company Abbvie snapped up Botox-maker Allergan for roughly $63bn on Tuesday, mostly in cash.
Monzo doubles valuation to £2bn at latest funding round
Digital bank Monzo saw its valuation double to nearly £2bn at its second round of funding which saw it raise £113m in fresh equity from investors led by US-based investment outfit Y Combinator.
Trump hits Iran's supreme leader with latest sanctions
America's campaign of “maximum pressure” on Tehran continued on Monday as President Donald Trump signed an executive order imposing new sanctions on Iranian officials, including the country's supreme leader, Ayatollah Ali Khamenei,.
Northgate profit rises as UK turnaround bears fruit
Vehicle hire company Northgate posted a jump in full-year profit and revenue on Tuesday as it said the turnaround programme in the UK was bearing fruit.
US pre-open: Stocks set to dip as tensions worsen in Persian Gulf
Wall Street futures were pointing to losses at the open as tensions between Washington and Tehran continued to build.
Strategic Minerals raises £0.9m ahead of Cornwall Resources transaction
Producing mineral company Strategic Minerals has raised £0. 89m before expenses by way of a placing and subscription of 63,571,425 new ordinary shares at a price of 1. 4p each, it announced on Tuesday.
Crane refutes Circor's claims, insists its offer is 'best option' for shareholders
US industrial products group Crane has hit back at Circor after the control technology company said its unsolicited $45 a share bid was "low value" and "opportunistic".
Europe midday: Deal-making helps buoy sentiment
Stocks across the Continent were coming off their earlier lows, with news of multiple multi-billion dollar corporate deals on both sides of the Atlantic apparently helping to offset investors' concerns around the geopolitical situation in the Middle East.
TomCo Energy gearing up for slightly delayed field test at Holliday A
Oil shale exploration and development company TomCo Energy updated the market on the field test programme at its Holliday A Block in Utah on Tuesday, announcing that the project was advancing well, with much of the preparatory work for the field test having now been completed.
London midday: Stocks down but off lows as gold shines
London stocks were off lows but still in the red by midday on Tuesday as investors shunned risky assets amid rising geopolitical tensions.
LXI REIT makes several acquisitions following £200m equity issue
LXI REIT announced a number of acquisitions for a combined total of £135m on Tuesday, reflecting a weighted average net initial yield of 5. 7%, following the £200m equity issue it reported on 13 June.
Berkeley Energia begins six-hole drill programme in Spain
Berkeley Energia announced the start of its initial six hole drill programme to test for critical battery and electric vehicle (EV) metals across its large licence holding in Western Spain on Tuesday.
Angle looks to strengthen balance sheet and extend runway via placement
Liquid biopsy company Angle will look to raise up £18m at 61. 5p per ordinary share through finnCap and WG Partners in order to strengthen its balance sheet and enable the development of key products.
Cap Gemini snaps up engineering and R&D specialist Altran in all-cash deal
French consultancy group Cap Gemini has inked a deal to buy rival Altran in a bid to build on the two firms' expertise and client base to create a world leader in digital transformation.
Diamond sales at Anglo's De Beers drop in fifth cycle
Anglo American said on Tuesday that the value of rough diamond sales at its De Beers unit fell in the fifth cycle of the year amid a difficult trading environment in China.
Mosman makes good progress following placing
Oil exploration, development and production company Mosman Oil and Gas updated the market on its operations on Tuesday, reporting that at Stanley, it had recently participated in the recompletion of the Stanley-1 well and the drilling of the Stanley-2 well.