Latest News
US Supreme Court declines J&J bid to overturn $2bn baby powder ruling
The US Supreme Court on Monday declined to hear Johnson & Johnson's bid to overturn a $2. 12bn damages award to women who allege that their ovarian cancer was caused by the company's baby powder and other talc products.
Europe close: Stocks extend gains helped by oil and gas, miners
European stocks pushed further still into record territory on Tuesday, with miners on the rise driven by strong metal and oil prices and encouraging manufacturing data.
Wednesday preview: UK consumer credit, Wizz Air in focus
Investors' focus in the middle of the week will be on UK consumer credit and mortgage lending data for April.
London close: Energy and mining plays lead FTSE higher
London equity markets finished in positive territory on Tuesday, with energy and mining stocks pacing the advance as investors mulled an encouraging reading on the UK manufacturing sector.
BP to invest $220m in US solar projects
BP on Tuesday announced it would be investing $220m in US renewables with the purchase of solar projects from developer 7X Energy.
Broker tips: Tekmar, Travis Perkins
Analysts at Berenberg lowered their target price on engineering services group Tekmar from 90. 0p to 75. 0p on Tuesday, stating the group appeared to have started on "the next chapter" in its story.
US manufacturing still constrained by bottlenecks in May
Manufacturing activity in the US accelerated further last month, according to the results of one of the most closely-followed surveys for the sector.
Director dealings: Investec director makes share sale
Investec said on Tuesday that executive director Richard Wainwright had disposed of 21,396 ordinary shares in the FTSE 250-listed investment advisory.
Tencent sued over 'inappropriate' content by Beijing court
A Chinese public-interest group said on Tuesday it has sued Tencent over alleged inappropriate content for minors in its Honor of Kings video game.
IMI shares jump amid market chatter around possible PE interest
Shares of engineering group IMI jumped in afternoon trading amid speculation of potential interest from private equity.
Ferrero-related company to acquire Burton's Biscuit Company
A Ferrero-related company, CTH, announced on Tuesday that it has entered into a definitive agreement to acquire Burton's Biscuit Company from Ontario Teachers' Pension Plan Board.
Avingtrans enters into second phase of Sellafield contract
Avingtrans announced on Tuesday that Stainless Metalcraft, part of its process solutions and rotating equipment division, has agreed to enter into the second phase of the contract to provide high-integrity stainless steel storage boxes with Sellafield.
Fulcrum transfers third tranche of gas connections to ES Pipelines
Fulcrum Utility Services updated the market on the sale of its domestic customer gas connection assets and associated meters to ES Pipelines on Tuesday, confirming the transfer of the third tranche of connection assets to ESP on 1 June, for a total consideration of £3. 8m.
EU ready to unveil digital wallet to access services across the bloc
Thierry Breton, Brussels's lead person for digital policy, has said the bloc is ready to unveil its new digital wallet that will grant EU citizens access to a range of private and public services across the bloc.
Senior tumbles after rejecting £738m takeover offer from Lone Star
Senior shares tumbled on Tuesday after the engineering solutions provider rejected a £738m takeover proposal from US private equity firm Lone Star.
FTSE 250 movers: Tullow travels higher; Vectura slumps
London’s FTSE 250 was up 0. 9% at 22,888. 10 in afternoon trade on Tuesday.
US open: Stocks mixed following Memorial Day break
Wall Street stocks were mixed early on Tuesday as markets returned from an extended break for the Memorial Day long weekend.
RBC Capital ups Travis Perkins price target after disposal
RBC Capital Markets upped its price target on Travis Perkins to 1,950p from 1,900p on Tuesday to reflect the higher-than-expected disposal price for its plumbing & heating distribution business.
FTSE 100 movers: Miners rally; banks in the red
London’s FTSE 100 was up 0. 9% at 7,084. 72 in afternoon trade on Tuesday.
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