Market Report
06 Dec
copper cobre anglo metals
Sector movers: Miners caught in downdraft in copper futures

Miners led to the downside on Tuesday amid broad-based selling in base metals which analysts attributed to weak investor sentiment towards demand out of China and higher LME copper stocks which fell to a two-month low.

05 Dec
Europe close: Stocks end on mixed note, analysts as well

European stocks ended on a mixed note but off their worst levels of the session on the back of a dip in the euro's value as recent buying in the US dollar continues, although City traders were cautious.

05 Dec
London the City Tower bridge City Hall
London close: Pound rally on Brexit 'alignment' hits stocks, copper dents miners

London equity markets pared early gains to finish lower on Tuesday as services data disappointed, mining stocks lurched lower and the pound made a late rally after more encouraging reports on Brexit negotiations.

05 Dec
housebuilder building construction bellway
Housebuilders request special permits to tackle Brexit labour shortage

UK housebuilders have requested a special permit system to allow construction workers from abroad to be recruited to help with the housing crisis post Brexit.

05 Dec
Director dealings: Carnival boss lifts anchor

Carnival boss Arnold Donald decided to let go of a batch of shares on 18 October, although the transaction was arranged via a Rule 10b5-1 trading plan in the States, which some see as a vehicle that helps large shareholders avoid the risk of being accused of 'insider dealing'.

05 Dec
ep la nube cloud almacenamiento
Iomart provides extra silver lining from the cloud

Cloud computing services provider Iomart declared its first dividend as revenue and profit growth in the first half of its financial year thanks to a mix of organic and acquisitive expansion.

05 Dec
Wall street america US USA signs
US service sector growth slows a tad more than expected in November, ISM says

US service sector growth slowed a tad more than expected last month but economists indicated that it continued to point to a healthy pace of growth.

05 Dec
bce, banco central europeo
EU blacklists South Korea and UAE as tax havens

European Union finance ministers have placed 17 states on a blacklist of tax havens, including the powerful economies of the UAE and South Korea.

05 Dec
north korea kim jong un corea
Joint US and South Korean drills draw angry response from Pyongyang

The US and the South Korean air forces will beef-up and go ahead with their joint annual military exercises, a week after North Korea fired its most powerful test missile to date.

05 Dec
Money pounds sterling
Mporium's FWM signs new seven-figure deal

Event-driven marketing technology provider Mporium Group announced a “significant” commercial agreement for its technology-led digital agency Fast Web Media on Tuesday.

05 Dec
libra, esterlina, divisa, moneda, reino unido pound currency
PCI-PAL continues to add new contracts in November

Secure payment solutions-focussed customer engagement specialist PCI-PAL has won a further major reseller contract and two new UK local government contracts in November, it announced on Tuesday, through its partnership with global cloud contact centre telephony provider 8x8.

05 Dec
cbcapitoliowashington short
US open: Stocks little changed amid weak data

Wall Street is trading on a mixed note as traders digest weaker-than-expected readings on service sector activity and foreign trade while scanning the headlines for news regarding the US tax reform proposals which were making their way through Congress.

05 Dec
Glencore forms JV with Canada pension fund

Glencore has formed a 50:50 joint venture with the Ontario Teachers' Pension Plan called BaseCore Metals, which will actively pursue investment opportunities focusing mainly on base metals streams and royalties.

05 Dec
ep avion a320 iberia
IAG traffic rises in November, OpenSkies to cease operating

British Airways and Iberia parent International Consolidated Airlines Group reported a rise in traffic for November as it announced that its French airline OpenSkies will cease to operate at the end of next summer.

05 Dec
San Leon to relinquish remaining Baltic Basin interests

Africa and Europe-focussed oil and gas development and appraisal company San Leon has informed the Ministry of Environment in Poland of its intention to relinquish its interest in its remaining Baltic Basin shale gas concessions at Gdansk West and Szczawno, onshore Poland.

05 Dec
Cineworld to buy Regal Entertainment for $3.6bn

Cineworld has reached an agreement to buy US rival Regal Entertainment Group for $3. 6bn (£2. 7bn), creating the world's second largest cinema operator.

05 Dec
provident financial office
FTSE 250 movers: Ocado and Booker gain on GS note but Provident slumps again

London's FTSE 250 was down 0. 4% to 19,860. 75 in afternoon trade on Tuesday as investors mulled the latest UK services data and news that Brexit talks have hit deadlock.

05 Dec
cash money sterling pound
Albert Tech to shutter indirect business as SaaS revenues rise

Albert Technologies updated the market on its software-as-a-service (SaaS) business, and confirmed its intention to cease trading in its indirect business by the end of 2017 on Tuesday, in light of what it called “growing momentum” and revenues in its core operations.

05 Dec
Phoenix Global Mining adds 33 claims to Empire mine

US-focussed copper and cobalt exploration and development company Phoenix Global Mining has expanded the land position of the Empire Copper Mine in Idaho, it announced on Tuesday, with the addition of 33 unpatented mining claims in the Horseshoe Block immediately north of the existing property.

05 Dec
London Stock Exchange AIM LSE shares
FTSE 100 movers: Supermarkets sizzle on Goldman note; miners drop

The FTSE 100 was down 0. 1% to 7,329. 93 in afternoon trade on Tuesday as investors mulled disappointing services data and deadlock in Brexit talks, with broker notes providing much of the action.