News surfaced on Tuesday of the Roman Catholic Pope's efforts to try to convince the Kremlin to end the fighting in Ukraine, but to no avail as of yet.
Prices in UK stores rose at their fastest pace for more than a decade in April as high energy prices and the war in Ukraine pushed up costs for suppliers and retailers, an industry survey showed.
Energy giant BP swung to a massive first quarter loss as it took a $24bn writedown on its decision to exit its Russian interests, the company said on Tuesday, but underlying profits soared on higher oil and gas prices.
European markets staged a partial rebound following the heavy losses seen during the previous session even as Australia raised interest rates for the first time in more than a decade and investors bid their time ahead of key monetary policy decisions around the world scheduled for later in the week.
All eyes on Wednesday will be on the US central bank to see whether rate-setters follow through on their recent accelerated plans for tightening policy or even go a bit further.
London stocks closed in a mixed state on Tuesday, as traders returned to work after the Bank Holiday weekend, with results from oil giant BP in focus.
London’s FTSE 250 was down 0. 8% at 20,540. 01 in afternoon trade on Tuesday.
EKF Diagnostics was on the list of director buys on Tuesday, after its chairman was involved in a purchase of almost £0. 45m of its shares.
Retail footfall jumped over the early May bank holiday weekend, industry data showed on Tuesday.
ExxonMobil said on Tuesday that it has agreed to sell its Romanian upstream affiliate to Romgaz for more than $1bn.
Analysts at Berenberg upgraded oilfield services provider Petrofac from 'hold' to 'buy' on Tuesday, stating the group was now "emerging into the light".
London’s FTSE 100 was down 0. 3% at 7,522. 98 in afternoon trade on Tuesday.
Wall Street trading got off to a mixed start on Tuesday as market participants were holding out for the outcome of tomorrow's Federal Reserve meeting.
Pfizer reported above-forecast numbers on Tuesday, boosted by strong sales from its two Covid-19 drugs.
Fitch Ratings has cut its growth forecast for China after Beijing’s policy of zero-Covid started to weigh on the country’s economy.
Wishbone Gold has signed a contract for the drilling of its Red Setter Gold-Copper Project in the Patersons Range area of Western Australia, it announced on Tuesday.
Energy and water efficiency technology company Eneraqua Technologies announced on Tuesday that its ‘ClimateSmart Irrigation’ product has been selected by the Department of Horticulture for the State Government of Uttarakhand in India.
Middle East and North Africa-focussed SDX Energy announced a gas discovery at the SD-12 East well on Tuesday, which targeted a separate compartment in the Sobhi Field within the Ibn Yunus North development lease in Egypt.
Industrial and property service provider Hargreaves Services hiked its expectations further on Tuesday, due to “continuing strong performance” at its German joint venture Hargreaves Raw Materials Services (HRMS).
European markets were still edging ahead come midday following losses during the previous session as Australia raised interest rates for the first time in more than a decade and investors bid their time ahead of key monetary policy decisions around the world scheduled for later in the week.
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