Latest News
Michael Kors strides into European luxury market with $2.1bn Versace takeover
US fashion giant Michael Kors confirmed a $2. 1bn takeover of Italian high-end fashion house Versace on Tuesday, giving the former a route into the European luxury fashion market.
UK grocers commit to halving food waste by 2030
Large supermarkets and manufacturers are committing to reduce the annual £20bn food waste bill in half by 2030.
Keystone Law exceeds expectations as UK growth strategy excels
Legal firm Keystone Law saw its shares jump on Tuesday after strong first-half revenue and profit growth saw trading exceed expectations.
Amerisur tumbles after 'disappointing' lack of potential at Colombian target
Oil and gas company Amerisur Resources saw its shares fall on Tuesday after the firm revealed that its main target in Colombia has no oil producing potential.
Debenhams benefits from 'store of the future' concept launch
Watford is the scene for Debenhams to launch a new department store 'vision of the future', integrating digital features and putting a greater emphasis on services, such as personal shopping and a beauty club.
ERC Minerals discover large gold system in Australia
ERC Minerals announced on Tuesday that exploration mapping undertaken at the Creswick project in Australia has found a large gold system in the Dimocks Main Shale gold targets.
Tuesday broker round-up
Wetherspoons: Peel Hunt downgrades to hold with a target price of 1,325p.
Mining earnings improvements will drive rerating, Morgan Stanley says
Metals and mining company shares have endured an "excessive pullback", said Morgan Stanley as it saw meaningful upside for the likes of Anglo American and Glencore for the first time since the start of 2017.
Deutsche Bank downgrades Smiths to 'hold'
Deutsche Bank downgraded engineer Smiths Group to ‘hold’ from ‘buy’ on Tuesday, cutting the price target to 1,665p from 1,740p, saying it was time to take a step back.
Europe midday: Stocks bounce back ahead of Fed decision
Stocks rebounded on Tuesday as investors waited on the US central bank's policy decision due the next day and as officials in Beijing struck a more emollient tone.
Asia report: Markets mostly weaker as trade concerns remain
Most markets in Asia finished in the red on Tuesday, with a some major bourses returning from a long weekend, as traders there had their first chance of the week to react to the worsening trade relationship between Beijing and Washington.
US pre-open: Stocks to rise amid rate hike expectations
US stocks were set for a positive open on Tuesday amid expectations that the Federal Reserve will announce a 25 basis points rate hike this week.
London midday: Stocks extend gains as oil giants, retailers rally
London stocks had extended gains by midday on Tuesday thanks to a strong showing from retailer Next and the oil majors, although worries about the US-China trade conflict remained.
CMC Markets slumps on profit warning
Shares in CMC Markets tumbled on Tuesday after the online spreadbetting company warned that net operating income for 2019 will be below previous guidance following low volatility in the second quarter.
China says US putting 'knife to its neck', hard to continue trade talks
China's vice commerce minister said trade talks with the US are complicated at the moment and accused the US of bullying China and holding “a knife to its neck”.
WANdisco interim losses grow as order drop
Distributed computing firm WANdisco reported a drop in first-half revenues that saw the business’ losses deepen, with news of a large auto industry contract not enough to stop its shares dipping on Tuesday.
Time Out Group narrows losses as it focuses on cost base
Media and entertainment business Time Out Group issued its unaudited half-year results for the six months ended 30 June on Tuesday, reporting 20% year-on-year growth in group revenue to £22. 4m, driven by a combination of underlying growth of 8%, and prior year acquisitions.
Criminals steal over £500m through UK fraud in the first half of 2018
Criminals have stolen a total of £503. 4m in authorised and unauthorised fraud from UK bank customers in the first half of 2018.
Own brands drive full-year growth at Swallowfield
Personal care and beauty products company Swallowfield announced its final results for the 53 weeks ended 30 June on Tuesday, reporting adjusted profit before tax of £5. 0m - a 37% improvement year-on-year.
Good first half sees Corero aim for forecast-meeting full year
Network security company Corero updated the market on its trading for the six months ended 30 June on Tuesday, confirming that its results for the year ending 31 December were expected to be in-line with expectations.