Treasury officials have quietly introduced a new “super tax” to deter energy company owners from cashing out lucrative contracts for gas bought in advance before leaving their supply business to go under. The government quickly pushed through the new laws late last week to counter industry concerns that Stephen Fitzpatrick, the founder of Ovo Energy, could use his almost two-thirds stake in the company to liquidate its long-term gas contracts and exit the supply market with a hefty profit.
The rate of price rises in UK shops almost doubled in January, adding to pressure on the cost of living with more increases to come, according to a survey.
Wall Street stocks closed higher on the first day of February trading as market participants digested a number of data points and corporate updates.
The market spotlight on Wednesday will be on US consultancy ADP's private sector payrolls report, which sometimes foreshadows the result of the official non-farm payrolls report released two days afterwards.
European shares started February on the front foot following a month-end rally in US tech stocks overnight.
London stocks managed a positive close on Tuesday, having taken their cue from a solid session on Wall Street overnight, after a veritable tsunami of data earlier in the day.
The Covid-19 vaccine being developed by Spain's Hipra has shown a "high efficacy" against the new Omicron variants and is now entering third phase clinical trials.
London's FTSE 250 was up 1% at 22,138. 64 in afternoon trade on Tuesday.
The number of job openings in the US increased a little at the end of 2021, even as hiring and voluntary separations dipped.
London’s FTSE 100 was up 0. 9% at 7,528. 40 in afternoon trade on Tuesday.
The US Food and Drug Administration has approved ViiV Healthcare’s Cabenuva (cabotegravir, rilpivirine) for the treatment of HIV-1 in virologically-suppressed adults.
Analysts at Canaccord Genuity lowered their target price on bioscience energy company Eqtec from 2. 8p to 1. 8p on Tuesday, stating it was taking a "much more cautious overall view" for the firm in 2022 and beyond.
Cinema chain AMC Entertainment posted preliminary fourth-quarter earnings on Tuesday that indicated the firm was on track to return to profitability during the final months of the year.
Factory sector activity in the US slowed by a bit more than anticipated last month amid ongoing shortages of key inputs, including for labour, or transportation problems, the results of a closely-followed survey revealed.
Wall Street stocks were mixed early on the first day of February trading as market participants digested a number of data points and corporate updates.
Games Workshop disclosed a number of share purchases made by directors on Tuesday, with its chair Elaine O’Donnell and her husband spending almost £60,000.
Agriculture biological products company Plant Health Care said in a trading update on Tuesday that it was expecting revenue to have grown 28% in 2021, to $8. 4m, with a 24% increase in constant currency terms.
Altus Strategies has completed the second and final closing of the recently-announced acquisition of a portfolio of 24 royalties and royalty interests from Newcrest Mining, it announced on Tuesday.
Clinical-stage biotechnology company Destiny Pharma announced the successful completion of a preclinical safety study with a novel ‘XF-73’ dermal formulation on Tuesday.
Business consultancy Elixirr International said in an update on Tuesday that trading through 2021 had continued strongly, as it expected revenue to come in at £50. 5m for the year - above market expectations for between £47m and £50m.
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