Latest News
France fines Google €500m in copyright infringement case
France's antitrust watchdog fined Google €500m on Tuesday for failing to comply fully with temporary orders it had given to the company over a case involving national news publishers.
Goldman Sachs posts better-than-expected Q2 results
Shares of Goldman Sachs were rising in premarket trading after the iconic investment bank bested analysts' forecasts for both its top and bottom lines in the second quarter.
BoE warns of crackdown on cloud service providers to financial sector
UK regulators need to act to avoid banks' reliance on a handful of outside cloud computing providers (CSPs) becoming a threat to financial stability, the Bank of England said on Tuesday.
JPMorgan Chase beats Q2 estimates on better-than-expected loan losses
Banking giant JPMorgan Chase beat quarterly estimates on Tuesday as a result of a big-time benefit from better-than-expected loan losses throughout the period.
FAA says Boeing to fix production defect on 787 Dreamliners before resuming deliveries
The US Federal Aviation Administration said late on Monday that Boeing will fix a manufacturing defect found in the 787 Dreamliner model before resuming its deliveries.
UK plc revenues plunged £349bn in pandemic - survey
UK company revenues plunged by a record £349bn in the first year of the Covid-19 crisis but a strong recovery is under way, according to a survey.
US close: Stocks end session lower as Q2 earnings begin to roll in
Wall Street stocks closed lower on Tuesday as a key inflation report from the Department of Labor revealed that the cost of living in the US had jumped ahead of forecasts in June.
Wednesday preview: UK CPI, Ashmore Group in the spotlight
Financial markets' focus in the middle of the week will continue to be on inflation, but on this side of the Pond this time around.
Europe close: Stocks little changed as markets look past US CPI
European stocks were for the most part little changed on Tuesday, although periphery stocks underperformed significantly due to the ongoing fifth wave of the pandemic on the Continent.
GM set to invest $71m in new tech campus in California
General Motors said on Tuesday it would invest $71m to build a new campus in California to expand its capacity in advanced technologies such as flying cars and lunar rover vehicles.
London close: Stocks mixed after BoE announcement on bank divis
London stocks were mixed at the close on Tuesday, as caution crept in ahead of the start of US earnings season, with big names such as Goldman Sachs and JPMorgan slated to report.
Broker tips: Cineworld, Trustpilot, Boohoo, Dr Martens
Peel Hunt reiterated its 'hold' recommendation on Cineworld on Tuesday as it cut the price target to 75. 0p from 85. 0p, noting that the share price has fallen but is not yet in "buy territory".
Director dealings: Polar Capital co-founder makes share sale
Polar Capital revealed on Tuesday that non-executive director Brian Ashford-Russel had disposed of 25,000 ordinary shares in the AIM-listed asset manager.
Musk faces second day of questioning in SolarCity trial
Tesla CEO Elon Musk faces his second day of questioning in a trial looking into the financial health of SolarCity in 2016 before his electric vehicle company purchased it for $2. 6bn.
RBC Capital starts The Hut Group at 'sector perform'
RBC Capital Markets initiated coverage of The Hut Group at ‘sector perform’ on Tuesday with a 715p price target.
UK police seize haul of cryptocurrency in London worth almost £180m
British detectives seized a haul of cryptocurrency in London on Tuesday that was worth almost £180m.
FTSE 250 movers: Trustpilot rallies on Berenberg note; Cineworld slumps
London’s FTSE 250 was up 0. 2% at 22,924. 19 in afternoon trade on Tuesday.
Peel Hunt cuts Cineworld price target, reiterates 'hold'
Peel Hunt reiterated its ‘hold’ recommendation on Cineworld on Tuesday as it cut the price target to 75p from 85p, noting that the share price has fallen but is not yet in "buy territory".
GENinCode plans AIM float after successful placing
Predictive genetics outfit GENinCode will float on AIM following a successful placing of shares to fund its international expansion.
Kistos reports solid first half operations
Gas producer Kistos updated the market on its first-half operations on Tuesday, following the acquisition of Tulip Oil Netherlands in May for €223m, including the assumption of €87m of debt.
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