Latest News
05 May
wall street
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.

05 May
petrole-l-arabie-saoudite-et-la-russie-pretes-a-cooperer
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.

05 May
downing street, politics, parliament, london, pm, prime minister
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.

05 May
la-production-petroliere-us-atteint-le-cap-des-11-mlns-de-barils-par-jour
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.

05 May
direct line
Wednesday preview: US jobs data, Direct Line Group in the spotlight

Market focus on Wednesday will shift back towards the US jobs market.

05 May
hiscox insurance building york
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.

05 May
le-benefice-de-bp-baisse-moins-que-prevu
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.

05 May
allemagne-baisse-de-1-4-des-commandes-a-l-industrie-en-fevrier
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.

05 May
royal mail, post
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.

05 May
cbvacuna coronavirus s211
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.

05 May
ep fiat 500 20200504190309
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.

05 May
adam-neumann-ceo-wework
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.

05 May
fed-reserve-federale-americaine
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.

05 May
edgar test 10
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.

05 May
BP petrol station pumps, oil & gas
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.

05 May
coins currency investment insurance business finance company
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.

05 May
wall street
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.

05 May
currencies euro dollar pound money cash sterling
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.

05 May
china portada
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.

05 May
bitcoin3
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.

News Source: © 2022 Web Financial Group (UK) Limited. All rights reserved and terms of use apply.

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.

 

Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles 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.