Market Report
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.
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.
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.
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.
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'.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.