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FTSE 100 movers: TUI rallies on fleet expansion plans; Just Eat hit by MS note
London's FTSE 100 was up 0. 5% to 7,075. 83 in afternoon trade on Tuesday.
Fund managers' pessimism on UK at record high, BofA-Merrill says
Fund managers were still 'long' on equities, despite rising worries over trade and stagflation, thanks to optimism on the outlook for earnings and interest rates, the results of a widely-followed poll showed.
Wynnstay shareholders told of 'encouraging' start to year
Investors in agricultural and retail group Wynnstay were told of how trading in the first four months of the year has been “encouraging” on Tuesday, as they gathered for the company’s annual general meeting.
Lighthouse renews deal with GFTU for another two years
Lighthouse Group has agreed the renewal of its contract with the General Federation of Trade Unions (GFTU) to be the preferred provider of expert financial advice to its affiliate members, it announced on Tuesday.
Red Rock Resources takes home £0.36m after Jupiter share buyback
Red Rock Resources updated the market on the equal access share buyback implemented by Australian unlisted public company Jupiter Mines on Monday.
Adept4 CFO Ian Winn steps down
AIM-listed Adept4, a provider of IT as a service, said on Tuesday that Ian Winn has stepped down as chief financial officer and M&A director with immediate effect to pursue other interests.
Wednesday preview: Fed to hike, UK eyes on wages and Kingfisher results
Wednesday is likely to see US interest rates hiked and a report on the UK jobs market that could hasten or delay a UK hike, while Kingfisher and Ferrexpo are among those due to report in London.
Glencore to buy Rio Tinto coal mine for $1.7bn
Glencore has agreed to buy Rio Tinto's 82% interest in the Hail Creek coal mine in Australia for $1. 7bn.
Oxford Nanopore's valuation hits £1.5bn after Asia-Pac funding round
Biotech firm Oxford Nanopore has raised £100m from its latest private funding round, valuing the rapidly-expanding UK group somewhere in the vicinity of £1. 5bn as a result.
Union Jack Oil ups stake in PEDL253 to 22pc
Union Jack Oil announced on Tuesday that it has signed a farm-in agreement for a further 10% licence interest in PEDL253, increasing its economic interest to 22%.
JPM adds Tesco to its European 'best ideas' list
JP Morgan has added Tesco to its list of 'overweight' best European equity ideas while removing Just Eat and Persimmon from the rankings.
Solid winter sees Aggregated Micro Power lift revenue guidance
Distributed energy company Aggregated Micro Power Holdings issued a positive trading update for the 12 months ending 31 March on Tuesday, revising its revenue guidance up in light of positive trading during the colder months.
Amur Minerals shares jump after resource estimate sees 50% expansion
Amur Minerals’ shares soared over 20% on Tuesday after the mineral exploration and development company said its mineral resource estimate (MRE) for the Kun-Manie project expanded by 50%.
Charter Court profit more than doubles in debut results
Charter Court Financial Services reported a more than doubling of annual profit in the buy-to-let mortgage lender’s first set of results since floating on the stock market and joining the FTSE 250.
ValiRx gets US patent for VAL201 compound
Clinical stage biotechnology company ValiRx announced on Tuesday that the US patent and trademark office has granted the patent application 14/575065 (Anti-Androgen Peptides and Uses Thereof in Cancer Therapy), covering ValiRx's lead therapeutic compound, VAL201, which is in clinical trials.
LiDCO given notice to terminate Argon distribution contract
AIM-quoted hemodynamic monitoring company LiDCO has been given notice to terminate its distribution contract with Argon Medical Devices after seven years of business.
Shares boosted as Pennant International adds £3.5m to contract value
Engineer training and support solutions provider Pennant International Group saw its share boosted 15% on Tuesday after adding £3. 5m to the value of an existing contract.
Facebook investigated by US Federal Trade Commission, report says
The US Federal Trade Commission is investigating whether Facebook violated terms of a consent decree covering its use of personal data, according to a report.
Mincon expands in Sweden with Driconeq acquisition
Mincon has completed acquisition of Driconeq AB, the holding company for the Driconeq Group of companies, it announced on Tuesday.
Chinese economic growth continues in March
Economic growth in China continued in March, driven mainly by manufacturing and amid "notable" increases in prices, according to the latest reading for World Economics's Sales Managers' Index.