Market Report
Cairn Energy posts better-than-expected year-end net cash
Cairn Energy continued to guide towards submission of its development plans for the SNE and Nova developments in the first and second half of 2018, while maintaining its guidance for capital outlays on development and exploration and appraisal at its North Sea developments, Kraken and Catcher.
Commodities: Precious metals glitter amid retreat in risk appetite
Commodities found a bid on Tuesday, amid dollar weakness following an in-line print on consumer prices Stateside earlier in the session and a generally 'risk-off' tone in markets after the White House announced that the Secretary of State had been asked to step down.
Director dealings: Evraz finance chief bails out with shares at record high
Evraz finance director Nikolay Ivanov let go of a batch of shares at the start of the week, just as the shares rose past some of the most aggressive forecasts from analysts.
Wednesday preview: Chinese data, Prudential, Morrison in focus
Another reading on US inflation, this time on factory gate prices, will share the market spotlight on Wednesday with a batch of first-tier indicators due out from the People's Republic of China.
Results round-up
AIM-listed alcohol wholesaler and distributor Conviviality was under pressure again as it confirmed that adjusted earnings for the current year will come in between £55. 3m and £56. 4m, 20% below market expectations.
Russia won't respond to ultimatum until given access to substance used in poisoning
Russia wants access to the substance used to poison former spy Mr Skripal and his daughter on 4 March before it answers Theresa May’s ultimatum to give "a credible response" by the end of Tuesday or face consequences.
Palestinian prime minister survives bomb attack in Gaza
Ramdi Hamdallah has suffered a bomb attack on his convoy in his first visit to the Gaza strip in five months.
Sector review: Food producers down as Glencore warns of UK softness
The food producers sector was the worst performing in London on Tuesday, as the FTSE 100 ended over 1% lower.
Europe close: US dollar weakness takes its toll on shares
Stocks finished near their session lows as news of changes at the top of the US Department of State percolated through markets, pushing the single currency higher as market participants tried to guess at the potential implications of the move.
London close: Stocks shrug off Chancellor to slip on sterling spike
London stocks were knocked back into the middle of last week on Tuesday after a the market shrugged at the Chancellor's spring statement but was unsettled by another sacking in the White House.
FTSE 100 movers: Direct Line downgrade hits rivals, yields hit life insurers
London's blue chips stocks were heading lower on Tuesday afternoon, as the pound rose and yields fell.
Morgan Stanley says Inmarsat dividend won't be covered by free cash flow until 2021
Morgan Stanley hailed Inmarsat's decision to axe its dividend payout by almost two-thirds, but warned clients the company's debt pile was set to continue growing.
Gresham Technologies pleased with Clareti performance in 2017
Transaction control and enterprise data software and services company Gresham Technologies announced its results for the year ended 31 December on Tuesday, with group revenues up 26% to £21. 7m.
Active Energy to create Polish 'super fuel' under new joint venture
Biomass based renewable energy and forestry management business Active Energy has signed a joint venture agreement with Polish research, development and coal recovery and production company Cobant, it announced on Tuesday.
Eagle Eye tech to power big Canadian loyalty programme expansion
Customer connection software-as-a-service provider Eagle Eye announced on Tuesday that Loblaw Companies - Canada's largest retailer - has a new relationship with Imperial to expand the PC Optimum programme.
OBR commentary pours cold water on 'Tigger-like' Hammond
The Office for Budget Responsibility's spring report shows that Philip Hammond's upbeat statement that there is "light at the end of the tunnel" for the UK economy after years of austerity is based almost entirely on an improved global economy rather than any domestic improvement.
Futura Medical upbeat on latest erection gel trial results
Advanced transdermal technology-focussed healthcare company Futura Medical announced positive interim data from its pharmacokinetic study, which formed the initial stage of the Phase III programme of MED2002 - its topical gel for erectile dysfunction.
ECB needs to mind the risk of sharp rise in euro, Lane says
The European Central Bank needs to keep an eye out for the risk of an unexpected jump in the value of the single currency.
Zotefoams revenue reaches record high after capacity investments
Cellular material technology company Zotefoams announced its unaudited preliminary results for the 12 months ended 31 December on Tuesday, reporting a 22% increase in group revenue to a record £70. 15m.
Non-Standard Finance revenue rises as company continues to expand
Non-Standard Finance posted its results for the year ended 31 December on Tuesday, with normalised and reported revenue both rising 48%, to £119. 8m and £107. 8m respectively.