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Latest News
19 Jun
oilfield
Rockhopper assets in Egypt making decent progress

Oil and gas company Rockhopper Exploration updated the market on its Egypt portfolio’s operations and corporate affairs on Tuesday, reporting that at Abu Sennan, where it has a 22% working interest, year-to-date average daily production had been maintained at around 4,000 boepd gross, or 880 boepd net to Rockhopper.

19 Jun
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Stress tests to unleash shareholder returns at RBS, Morgan Stanley says

Upcoming stress test results should trigger the release of a large amount of pent-up regulatory capital at RBS, analysts at Morgan Stanley said as they bumped-up their target price for the shares.

19 Jun
moneysupermarket
Moneysupermarket slumps as Barclays says valuation not justified

Moneysupermarket was under the cosh on Tuesday as Barclays said a re-rating from here can only be justified if earnings per share growth returns to double-digit territory.

19 Jun
capita cpi outsourcing local government
FTSE 250 movers: Capita rallies, McCarthy & Stone tumbles on profit warning

London's FTSE 250 was down 0. 6% to 20,880. 08 in afternoon trade on Tuesday amid growing concerns about a trade war between the US and China.

19 Jun
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Sector movers: Miners knocked, while tobacco and travel fly higher

Miners and industrial metals stocks were the main drag on the London Stock Market on Tuesday, while dollar-dominated group's benefitted from the weak pound.

19 Jun
city of london skyline
London tenants see 42% increase in rent for every additional room

New research by online lettings platform Urban. co. uk has looked at the cost of climbing the London rental ladder from a studio flat to a four-bed property.

19 Jun
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Aortech scores prosthetic heart collaboration with VFT

Biomaterials and medical device company Aortech International on Tuesday signed a development agreement with Vascular Flow Technologies (VFT) for the development of a synthetic heart valve.

19 Jun
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Asia report: China sell-off leads region lower

Markets in Asia were in the red at the end of the day on Tuesday, led by a tumble in mainland China after US president Donald Trump fired his latest shot in the ongoing trade tiff between Washington and Beijing.

19 Jun
US house USA United States of America housing
US housing starts hit 10-year high in May

US housing starts rose more than expected in May, to a 10-year high, according to data released by the Commerce Department on Tuesday.

19 Jun
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Tuesday broker round-up

Footasylum: Peel Hunt downgrades to reduce with a target price of 190p.

19 Jun
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KPMG criticised by regulator for 'unacceptable' audit deterioration

The accountancy regulator has criticised KPMG for an "unacceptable deterioration" in the quality of audits that the firm carries out for large UK companies.

19 Jun
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May to reject 'meaningful vote' proposal, setting up Commons showdown

Theresa May is poised to reject a proposal that would hand parliament more power over Brexit, setting the government on a collision course with MPs who want to avoid a 'no deal' Brexit, according to reports on Tuesday.

19 Jun
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IAG target Norwegian Air has had many approaches, CEO says

Norwegian Air Shuttle has had takeover approaches from a number of potential bidders and is open to a deal on the right terms, the airline’s chief executive said.

19 Jun
pharmaceuticals laboratory astrazeneca
US pharma bosses say UK's life sciences position under threat

US pharma businesses have warned the government that the UK’s dominant position in life sciences is threatened by Brexit and the NHS’s slow adoption of new medicines.

19 Jun
england ireland great britain
Leave voters prefer hard Irish border to staying in customs union, poll finds

Two thirds of leave voters in the Brexit referendum prefer a hard Irish border to not leaving the customs union after the divorce.

19 Jun
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China implores Australia to exercise 'less bias and bigotry'

The Chinese ambassador to Australia claimed that "less bias and bigotry" was required to repair relations between the two as concerns that China's influence in the nation continues to mount.

19 Jun
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Velocys enters sustainable fuel catalyst partnership with PQ Corporation

Renewable fuels firm Velocys on Tuesday partnered with PQ Corporation for the supply of commercial quantities of a catalyst incorporating Velocys' technology for use in multiple biorefineries.

19 Jun
la-culture-du-cannabis-a-des-fins-medicales-sera-autorisee-en-australie
Home sec Javid calls for UK rethink on cannabis medicines

The government will review the scheduling of cannabis-based medicines but has no plans to legalise marijuana for recreational use, the home secretary said on Tuesday.

19 Jun
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Europe midday: Stocks slump as trade threats build, IFO slashes forecasts

Stocks are giving back more ground as traders wait on the outcome of the rapidly-escalating trade threats between the US and China.

19 Jun
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Strong US markets boost Ferguson profit

Plumbing and heating products distributor Ferguson, formerly Wolseley, posted a 17. 1% jump in third-quarter trading profit on Tuesday thanks to strong US residential markets.