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Canaccord Genuity reiterates 'buy' rating on Sumo Group
Analysts at Canaccord Genuity reiterated their 'buy' rating on video games developer Sumo Group on Tuesday but noted that while demand had strengthened as a result of the Covid-19 pandemic, the outbreak had impacted recruitment.
Europe close: Stocks drop sharply amid oil price rout
Stocks on the Continent finished sharply lower as investors tried to fathom what might lie in store next for oil markets following another day of sharp losses.
Wednesday preview: US oil inventories, Fevertree in focus
Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.
London close: Stocks close lower as oil price rout continues
London stocks finished well into the red at the close on Tuesday, after oil prices slid into negative territory, with energy and mining issues under the cosh.
John Lewis furloughs 14,000 staff and slashes millions from spending plans
John Lewis announced it is furloughing 14,000 staff and slashing hundreds of millions of pounds from its spending plans for 2020 after predicting that store sales could fall by a third amid the ongoing coronavirus crisis.
Director dealings: Cluff CEO ups stake
Cluff Natural Resources revealed on Tuesday that chief executive Graham Swindells had acquired 600,000 ordinary shares in the AIM-listed exploration group.
Broker tips: Croda, JD Wetherspoon, Sumo Group
Croda appears on track to pay its 2019 dividend despite the Covid-19 crisis, Liberum said as the broker raised its recommendation on the company's shares to 'buy' and increased its target price.
FTSE 250 movers: Wizz flies higher; energy shares decline
London’s FTSE 250 was down 2. 3% at 15,453. 89 in afternoon trade on Tuesday.
Barkby signs sleep device deal with Cambridge Sound Technologies
Barkby Group division Barkby Life Sciences has signed an agreement with Cambridge Sound Technologies UK, it announced on Tuesday, for the exclusive design of, and acquisition of the intellectual property rights related to, a device to improve and facilitate natural sleep.
Trump calls for relief for US oil and gas industry, OPEC calls meeting
US President Donald Trump reiterated his support for America's oil and gas industry on Tuesday, saying his administration was working on relief measures for the sector.
Roche gets FDA approval to expand use of HPV test
Roche said on Tuesday that it had received approval from the US Food and Drug Administration (FDA) for the ‘cobas’ human papillomavirus (HPV) test, for use on the fully automated, high-throughput cobas 6800/8800 systems.
Pantheon cuts salaries as it continues to seek Alaska farm-out partner
East Texas and Alaska Slope-focussed oil and gas exploration company Pantheon Resources updated the market on Tuesday, saying that in response to recent global events that had negatively affected its sector’s outlook, it was reviewing its entire business to reduce non-essential costs.
GlobalData defers dividend as it assesses Covid impact
GlobalData said on Tuesday that it was monitoring the evolving Covid-19 coronavirus pandemic, and said its priority was the health and safety of its staff, clients and wider stakeholders, while continuing to operate and provide clients with real-time data, analytics, and insight to help them navigate through the current uncertain times.
Citi stays at 'buy' on Meggitt, says market too downbeat on long-term prospects
Analysts at Citi reiterated their 'buy' recommendation for shares of aerospace and defence subsystems manufacturer Meggitt, telling clients that markets were too downbeat on long-term growth in the sector and the company's competitive position.
Pharos pulls out of possible Shell Egypt acquisition
Pharos Energy updated the market on the potential acquisition of Shell’s portfolio in Egypt’s Western Desert on Tuesday, reporting that it no longer had any intent to go ahead with a transaction.
Titon restarts 'limited scale' production at Haverhill
Window, door and ventilation systems manufacturer Titon Holdings announced on Tuesday that limited scale production was occuring at its factory in Haverhill, Suffolk.
First half likely to be 'very ugly', warns BoE chief economist
The Bank of England’s chief economist Andy Haldane believes Covid-19 has already caused the UK’s economy to shrink, with a further, sharper contraction likely as the first half continues.
Severfield draws down credit facility amid pandemic
Structural steel company Severfield updated the market on its trading on Tuesday, following the end of its financial year on 31 March.
Existing US home sales fall below forecasts in March
Activity in the US housing market slowed a bit more quickly than expected last month led by a big drop in sales in the West.
US open: Stocks head south as oil sell-off enters second day
US stocks opened lower for a second straight session on Tuesday as this week's historic oil sell-off showed no signs of slowing down.
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