Latest News
US close: Stocks record modest gains as California eyes reopening
US stocks closed higher on Tuesday as market participants again bet on the nation's economy opening up and cheered a further recovery in oil prices.
FTSE 250 movers: Cairn Energy, Weir Group pace gains
Weir Group and Cairn Energy were among the top performers on the second-tier index on Tuesday as front month Brent crude oil climbed to its highest level in three weeks and West Texas Intermediate crude oil futures extended their recent rally with a 20% jump.
Trust in governments surges during pandemic alongside health fears
People are less concerned about the economy and more about people’s wellbeing and have put their faith in governments around the world to get them through the coronavirus pandemic.
Europe close: Stocks recover after midday wobble as ECB reiterates goals
Stocks across the Continent finished higher despite a ruling from Germany's highest court that called into question some aspects of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme.
Wednesday preview: US jobs data, Direct Line Group in the spotlight
Market focus on Wednesday will shift back towards the US jobs market.
Hiscox launches capital raise; sees up to £250m hit from business interruption
Hiscox announced an equity placing on Tuesday to take advantage of market conditions, as it warned it could take a hit of between £10m and £250m from business interruption insurance.
London close: Stocks finish higher as oil prices rally
London stocks closed in the black on Tuesday, underpinned by a strong showing from oil giants Shell and BP, as investors mulled the latest reading on the UK services sector.
German court says some aspects of ECB bond buying programme are 'unconstitutional'
Germany's top Constitutional Court called into question the "proportionality" of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme, but did not call into question the basic outline of the monetary authority's strategy.
Broker tips: Tate & Lyle, Royal Mail, Ashmore
Analysts at Berenberg upped their target price on food ingredients manufacturer Tate & Lyle from 625. 0p to 665. 0p on Tuesday despite further reducing its full-year 2021 profit estimates for the group.
UK and US labs suffer malicious cyber hacks
Cyber attacks have been directed at various UK and US labs by state-backed entities in an attempt to steal data from universities, pharmaceutical firms and research institutes involved in the development of a coronavirus vaccine and studying the Covid-19 disease.
Fiat Chrysler blames Covid-19 as it crashes into the red
Fiat Chrysler Automobiles unveiled a slide into the red on Tuesday, after the Covid-19 pandemic and ensuing upheaval battered first-quarter trading.
WeWork co-founder Adam Neumann sues Softbank for abuse of power
Adam Neumann, co-founder and former CEO of WeWork, has accused Japanese firm Softbank for what he alleged was its abuse of power in relation to the termination of an agreement to buy $3bn-worth of the company's stock.
Sharp drop in US services PMI for April points to 6% fall in GDP
Services sector activity in the States declined at a pace consistent with a six a per cent drop in gross domestic product.
SEC Newgate reports 'excellent start' to year
Communications, advocacy and research company SEC Newgate said it had an “excellent start” to the current year in a trading update on Tuesday, with all businesses performing in line with, or ahead of, budget and management expectations.
FTSE 100 movers: Oil giants gush higher; IAG in the red
London’s FTSE 100 was up 1. 4% at 5,833. 24 in afternoon trade on Tuesday, with oil stocks pacing the gains.
Mincon posts decent first quarter as it integrates Lehti
Ireland-based rock drilling engineering company Mincon Group said its revenue was up 4% overall in its first quarter on Tuesday.
US open: Stocks record early gains as oil rally continues
US stocks opened higher on Tuesday as market participants again bet on the nation's economy opening up and cheered a further recovery in oil prices.
600 Group slashes costs amid Covid-related market challenges
Industrial engineering company 600 Group updated the market on its trading in light of the Covid-19 coronavirus pandemic on Tuesday.
OptiBiotix looks to China through new deal with Pierce Group
Life sciences company OptiBiotix Health has entered a three-year distribution agreement with Pierce Group Asia subsidiary Pierce ESIM, it announced on Tuesday.
Argo Blockchain maintains revenue levels amid harder mining conditions
Cryptocurrency miner Argo Blockchain updated the market on its operations in April on Tuesday, saying it mined 319. 2 Bitcoin or Bitcoin equivalent (BTC) during the month, down from 333. 8 BTC in March.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.