Market Report
Credit Suisse reiterates 'buy' for US growth stocks (not Europe)
Strategists at Credit Suisse told clients to "buy" growth stocks in the US - not in Europe - pointing to historical patterns to back up their arguments.
Tuesday broker round-up
Croda International: UBS downgrades to neutral with a target price of 5,500p.
US pre-open: Futures point to losses as markets await more trade news
US stocks looked set to head south at the bell as uncertainties surrounding a trade deal between the two largest economies in the world persisted.
Saudi Aramco's mammoth IPO back on table - reports
Saudi Aramco, the world’s most profitable oil company, is once again considering a possible flotation, just months after its previous plans were shelved.
ECB not ready to cut just yet, report says
Rate-setters in Frankfurt aren't ready to start easing policy just yet, first they want to analyse more data on the state of the single currency bloc's economy.
US proposes extra tariffs on EU goods over Airbus-Boeing spat
The US decided to add more goods from the European Union to a list of imports that could be hit with retaliatory tariffs as part of its long-running dispute with Airbus over alleged government subsidies.
Asia report: Markets finish mixed as RBA slashes rates to record low
Markets in Asia finished in a mixed state on Tuesday, after Australia’s central bank cut interest rates to a fresh all-time low for the country.
Croda shares slump on UBS downgrade
Croda International was under the cosh on Tuesday as UBS downgraded its stance on the shares to 'neutral' from 'buy', as it argued that the stock's multiple was now fair and 2019 growth is likely to be weighted to the second half.
Karro Group to buy Young's Seafood
Pork processor Karro Food Group has agreed to buy Young's Seafood for an undisclosed sum.
London midday: Stocks push higher as pound hit by construction data
London stocks had extended gains by midday on Tuesday as the pound came under pressure after the release of weak UK construction data.
Grafenia revises terms of Image Everything acquistion
Grafenia made a further revision to the terms of its acquisition of Image Everything on Tuesday.
Europe midday: Stocks slightly higher, central banks and global trade in focus
Stocks are trading slightly in the green on the back of fresh record highs for US stocks overnight with investors still finding comfort in the relative lull in the US-China trade war and expectations for further easing by the world's central banks.
Neil Woodford's flagship equity income fund to remain suspended
Neil Woodford's £3. 7bn flagship equity income fund is set to remain closed until the next review deadline on 29 July.
Jupiter's European fund manager to set up own business
Jupiter Fund Management was under the cosh on Tuesday a day after it revealed that fund manager Alexander Darwall was leaving the company to set up his own business.
Trainline Q1 ticket sales rise 20% in first update since IPO
In its first trading update since its IPO last month, Trainline posted a 20% increase in first-quarter ticket sales on Tuesday, underpinned by the rollout of eTickets.
House price growth subdued in June - Nationwide
House price growth in the UK remained subdued in June as Brexit uncertainty continued to weigh, according to the latest survey from Nationwide.
Sirius Minerals on track to complete $3.8bn funding solution
Sirius Minerals' $3. 8bn funding solution for stage 2 financing requirements looked set to be completed by the end of September following the successful completion of a $425m equity offering and a $400m convertible bond sale.
Office owner confirms restructuring of £45m debt pile
The owner of shoes chain Office, Truworths International, confirmed on Tuesday that it will restructure its £45m debt pile, possibly leading to the closure of 100 stores in the UK.
Hill & Smith appoints Hannah Nichols as new CFO
Infrastructure products supplier Hill & Smith has appointed BT Group veteran Hannah Nichols as its new chief financial officer with effect from 16 September.
Dialight warns on profits as it struggles through turnaround
Industrial LED lighting specialist Dialight updated the market on its trading on Thursday, reporting that underlying operating profit for the year ending 31 December was now expected to lie between £10m and £13m.