Market Report
Trafalgar Property Group fails to secure funding for Camberley site
Residential and assisted living property developer Trafalgar Property Group announced on Tuesday that it had not been possible to secure the full funding to acquire its assisted living development site Camberley in the required timeframe.
Orosur Mining confirms start of exploration at Anza project
South America-focussed gold developer and explorer Orosur Mining announced the start of exploration activities with Newmont at the Anzá project in Colombia on Tuesday, and updated the market on the Uruguayan reorganisation process.
Four Shearwater firms awarded places on government procurement framework
Shearwater Group announced on Tuesday that four of its portfolio companies - Geolang, Brookcourt Solutions, Pentest and Xcina - have been awarded a place on the ‘G-Cloud 11’ framework.
Cisco Systems to buy Acacia Communications for $2.6bn
Network gear maker Cisco Systems has agreed to buy optical component maker Acacia Communications for $2. 6bn.
Marriott to 'vigorously defend' £99m fine over huge data breach
Marriott International announced on Tuesday that it has been informed by the UK Information Commissioner's Office (ICO) of its intention to issue a fine of £99. 2m against the company in relation to the Starwood guest reservation database incident.
Small US firms less confident amid heightened uncertainty, NFIB says
Uncertainty among smaller sized businesses in the US rose "substantially" in June, reaching its highest level since March 2017, the results of a closely-followed survey revealed.
US pre-open: Stocks looks set for more losses ahead of Fed speeches
US stocks looked set for another day of losses ahead of the opening bell as traders waited to hear from two top Federal Reserve officials, ahead of a speech by central bank chief Jerome Powell himself scheduled for the next day.
Hello Kitty owner fined by European Commission
Hello Kitty owner Sanrio has been fined €6. 2m by the European Commission for breaking the bloc's rules on cross-border sales.
Corbyn calls on new Tory leader to hold second Brexit referendum
Labour leader Jeremy Corbyn has called on the next Tory leader “to have the confidence” to put the Brexit outcome back in the hands of the people in a second referendum and says Labour will campaign to remain in the European Union.
Piper Jaffray to buy Sandler O’Neill in $485m deal
Piper Jaffray has agreed to buy Sandler O’Neill + Partners in a $485m deal.
CyanConnode leaps after follow-on orders from Genus and Toshiba
CyanConnode's shares leapt on Tuesday after it received follow-on orders for its RF mesh technology from Genus Power Infrastructures Ltd and Toshiba Information Systems (UK) Ltd.
Just Eat slumps on Berenberg downgrade
Just Eat was under pressure on Tuesday as Berenberg downgraded its stance on shares of the online food delivery service to ‘hold’ from ‘buy’ and slashed the price target to 600p from 880p.
London midday: Market flat amid slowest retail sales growth ever
London stocks remained just a touch in the red at midday Tuesday, as investors digested the worst retail sales data on record and eyed a speech by Federal Reserve chairman Jerome Powell.
BASF shares tumble after it warns on full-year profits
German chemicals giant BASF has slashed its guidance for annual profits by as much as 30%, after industrial production was stalled by the slowing global economy and the increasingly bitter US-Sino trade war.
Retail sales grow at slowest pace on record
British retail sales advanced at the slowest average pace on record in the last twelve months as Brexit-related concerns continued to weigh on consumer spending.
Government clashes with its own business advisers over no-deal Brexit
A group of business experts appointed by the UK government to look for alternatives to the “backstop arrangement” for the Northern Irish border have clashed with Westminster over the possibility of a no-deal Brexit.
Asia report: Most markets decline as Fed rate cut hopes diminish
Markets in Asia were mostly in the red on Tuesday, as investors closed their wallets while expectations for a rate cut from the US Federal Reserve continued to slide.
Impellam acquires London-based flexible staffing platform Flexy
Staffing business Impellam agreed to acquire London-based flexible staffing platform Flexy for an initial payment of roughly £3m on Tuesday.
Origin Enterprises strikes disposal deal for land at Cork's South Docklands
Origin Enterprises has reached a conditional agreement for the disposal of up to 31 acres of land owned by the group at Cork’s South Docklands in Ireland to O'Callaghan Properties, it announced on Tuesday, for a cash consideration of up to €47. 5m.
Base Resources transfers operations to new orebody at Kwale
Base Resources has completed the transition of mining operations to the South Dune orebody at its Kwale Operations in Kenya, it announced on Tuesday.