Market Report
US open: Stocks drop at the bell as Treasury yields climb
Wall Street trading opened on Tuesday with losses across the board, ending a lengthy streak of gains as the yield on the 10-year Treasury note crept to 3. 05%, its highest level since 2011, amid ongoing worries about trade talks between the US and China.
NAHB housing market index ticks up in May
Sentiment among US housebuilders improved in May, according to data released on Tuesday.
Best of TUI's cruise story now behind company, Credit Suisse says
Analysts at Credit Suisse reiterated their 'neutral' recommendation for shares of TUI, arguing that the best for the company's 'cruise story' now lay behind it, while pointing to the 'hard to justify' premium versus Thomas Cook Group that the shares were trading on.
Lookers shows resilience against tough backdrop
Lookers rallied on Tuesday as the car dealership's first-quarter trading update revealed a resilient performance against a tough backdrop.
Braemar profits come in at top end of expectations
International broking and other shipping services firm Braemar Shipping Services issued its results for the year ended 28 February on Tuesday, reporting a 93% increase in underlying operating profit to £8. 2m, which was at the top of its previously-announced range.
Union Jack and Humber co-investing in two licence areas
UK-focussed onshore hydrocarbon production, development and exploration company Union Jack Oil announced on Tuesday that it has entered into a sale-and-purchase agreement with Celtique Energie Petroleum, whereby Union Jack and its commercial partner Humber Oil & Gas will each make an investment to acquire a 16. 25% interest in PEDL201 (Widmerpool Gulf) and a 12. 5% interest in PEDL181 (Humber Basin) for a cash consideration of £7,500 each.
MYCELX swings to earnings in 2017 final results
Clean water technology company MYCELX Technologies Corporation announced its audited results for the year ended 31 December on Tuesday, reporting a 74% improvement in total revenue to $13. 8m.
Ei Group asset value up in first half
Ei Group - the UK’s largest pubco, formerly known as Enterprise Inns - issued its interim results for the six months ended 31 March on Tuesday, reporting further growth in its net asset value to £3. 26 per share, from £3. 01 per share a year ago.
Empire State manufacturing gauge improves in May
The Federal Reserve bank of New York's Empire State gauge jumped in May, helped by a stronger-than-expected print on new orders.
Sprue Aegis alarms investors with dividend cut
Home safety products manufacturer Sprue Aegis warned investors on Tuesday current trading was "significantly below" expectations, leading the AIM-quoted firm to withdraw its final dividend payment.
US retail sales edge past forecasts in April
US retail sales edged past forecasts in April on the back of upwards revisions to figures for the prior month.
Europe midday: Stocks higher despite multiple headwinds bearing down on markets
A weaker euro is helping to buoy the main equity indices on the Continent, more than offsetting a weaker-than-expected reading on German economic activity over the first quarter of the year.
Patisserie Holdings half-year profit up 14%, looking out for acquisitions
Café and casual dining group Patisserie Holdings posted a 14% jump in first-half pre-tax profit on Tuesday as revenue rose and the company said it is well placed to make strategic acquisitions should appropriate opportunities arise.
Lakehouse wins £55m contract with Welsh government
AIM-listed Lakehouse has been awarded a £55m contract with the Welsh government.
Audioboom urgently seeking cash as acquisition falls through
Podcasting platform Audioboom announced on Tuesday that its proposed acquisition of Triton Digital Canada will not be proceeding.
Asia report: Markets lower as Washington sends mixed signals on China
Markets in Asia finished lower on Tuesday, as investors continued to hold their breath over strained US-China relations, while oil prices remained stable.
US pre-open: Stocks seen lower as 10-year Treasury yield pops back above 3%
US futures pointed to a downbeat open on Wall Street on Tuesday as the yield on the 10-year Treasury note crept back above 3% amid ongoing worries about trade talks between the US and China.
Serabi swings to quarterly profit, new cash to fuel 'significant acceleration"
Brazilian focused mining and development company Serabi Gold swung to a profit in its the first quarter of its trading year, upped its gold production estimates for the full year and is soon to be swimming in cash.
Symphony Environmental 'optimistic' on trading, ups marketing budget
Smart plastics producer Symphony Environmental Technologies has poured a whole lot more cash into its marketing budget ahead of an expected increase in orders this year.
Velocys detects leak at Oklahoma City plant
Renewable fuels company Velocys detected a leak at its Oklahoma City plant on Tuesday, believed to have originated inside one of the plant's two Fischer-Tropsch reactors.