Latest News
Market buzz: Xi opens door for Trump?, Fed's Kaplan says rate hikes may slow
1700:Close Stocks jumped on Tuesday, boosted by ebbing trade tensions between Beijing and Washington, with miners clearly at the head of the pack as copper (and oil) futures bounced back.
Xi Speech - Analysts react
"Xi's goal appears to have been twofold. First, portray China as a responsible actor and defender of globalism and free trade. Second, convince foreign firms and governments that China is entering a "new phase of opening up". Neither of these narratives are entirely convincing. It is true that Trump sparked the latest flare up in trade tensions. But the broader backdrop is that despite gradually opening up in recent decades, China retains much higher tariffs barriers than both the US and EU.
Vivo Energy aims for London and Johannesburg floats
Vivo Energy, retailer and marketer of Shell-branded fuels and lubricants in Africa, announced on Tuesday that it plans to list on the London and Johannesburg exchanges in May.
US close: Xi what a guy, say investors as Dow soars on China comments
US stocks surged on Tuesday as investors cheered comments by China President Xi Jinping that appeared to take the heat of the trade spat with his US counterpart Donald Trump.
Wednesday preview: FOMC minutes, CPI figures in focus
Global trade relations (and events in Syria) permitting, the focus on Wednesday will be on the release of the minutes of the US central bank's last policy meeting.
Commodities: Brent, WTI futures jump as DoE forecasts higher prices
Commodities were on a tear on Tuesday as trade war concerns ebbed and the US Department of Energy bumped up its short-term forecasts for Brent and West Texas Intermediate.
FTSE 100 movers: Mining stocks regain their lustre; Centrica blows a raspberry with price hike
Mining stocks regained their lustre on Tuesday after the US Russian sanctions-inspired pounding they took a day earlier.
Europe close: Stocks' gains capped by euro as traders wait on events in global trade spat
Stocks on the Continent clocked in with moderate gains on Tuesday, as investors waited on the US administration's response to a speech overnight from Chinese president Xi Jinping in which he promised increased market access and lower tariff barriers.
Results round-up
Eddie Stobart posted its full year results for the year ended 30 November on Tuesday, which fell in line with expectations with strong underlying revenue growth.
Nowotny says ECB could lift deposit rate first, spokesman clarifies
A top European Central Bank official said that as a first move towards tighter policy the monetary authority could raise its deposit rate, followed by an increase in its main policy rate.
MXC Capital sees share boost after Castleton Technology sale
MXC Capital saw its share prices boosted on Tuesday after announcing that it has sold 660,000 ordinary shares of 2p each in the capital of Castleton Technology at a price of 75. 848p per share.
London close: Stocks jump as trade tensions ebb slightly
London stocks ended higher on Tuesday, with sentiment underpinned by a pledge from Chinese leader Xi Jinping to open up the country's economy and lower import tariffs.
Director dealings: Morrison's director picks up 100,000 shares in grocer
Kevin Havelock, a non-executive director of supermarket giant Morrison's, purchased 100,000 ordinary shares in the Bradford-based firm on Tuesday.
Elektron Technologies subsidiary breezes past £1m annual recurring revenue milestone
Elektron Technologies announced on Tuesday that its operations management and monitoring subsidiary Checkit Limited has passed the £1m mark in terms of annual recurring revenue (ARR).
RBC declares Glencore 'top pick' in mining sector
Analysts at RBC Capital took a fresh look at mining giant Glencore on Tuesday, arguing that the market reaction to the new Russian sanctions provided an "even better" entry point to its 'top pick' in the sector.
Millennium & Copthorne appoints industry veteran Jenny Fox as CEO
Millennium & Copthorne Hotels has appointed hospitality industry veteran Jenny Fox as group chief executive officer with effect from 19 June.
World-first cyber innovation centre green lit for East London
In an attempt to secure the UK's position as a global leader in the growing cyber security sector, a brand new world-first cyber innovation centre will be built at the Queen Elizabeth Olympic Park.
Sector movers: Oil producers, oil services and resources lead way
Miners and the oil services sector were the top risers on Tuesday, while utilities were hit by profit taking.
US open: Stocks gain ground in early trading, led by strong showing from Dow
Wall Street trading kicked off on a positive note on Tuesday with all thirty Dow components gaining in early trade after Chinese leader Xi Jinping was seen taking a less-aggressive stance with respect to trade in a recent speech, pledging to open up the country's economy and lower import tariffs.
Bad news keeps rolling in for Safestyle as HSE slaps it with £850k fine
Following profit warnings in December and February, there was more bad news for Safestyle on Tuesday as the Health & Safety Executive slapped the double glazing group with an £850,000 fine relating to an incident in which one of its contractors suffered an injury.