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Tuesday newspaper round-up: City donations, Apple, Edinburgh Worldwide
Concerns have been raised over the City’s influence on Westminster, after a report found financial firms and individuals tied to the sector donated £15m to political parties and gave £2m to MPs during the pandemic. The campaign group Positive Money tallied the gifts, expenses and donations handed to MPs, peers and their parties, as well as the value of income from politicians’ second jobs, saying it contributed to finance’s “oversized influence” on policymaking.
Wednesday preview: Reserve Bank of India, Wizz Air Holdings in focus
The market spotlight in the middle of the week may fall on the Reserve bank of India as rate-setters in New Delhi meet to decide on policy.
Broker tips: Glencore, JD Sports, Miners
Analysts at Citi reiterated their 'buy' recommendation (Target price: 700. 0p) for shares of Glencore despite the fact that consensus longs often go wrong.
Citi says Glencore is a crowded trade but for 'all the right reasons'
Analysts at Citi reiterated their 'buy' recommendation (Target price: 700. 0p) for shares of Glencore despite the fact that consensus longs often go wrong.
Europe close: Stocks slip heading into ECB meeting
European shares finished lower on Tuesday after Australia’s Reserve Bank lifted interest rates again and the future of the UK government remained in doubt after a less-than-convincing confidence vote win by Prime Minister Boris Johnson.
Europe open: Shares lower as RBA rate rise adds to inflationary gloom
European shares opened lower on Tuesday after Australia’s Reserve Bank lifted interest rates again and the future of the UK government remained in doubt after a less-than-convincing confidence vote win by Prime Minister Boris Johnson.
Berenberg says investors' fears around JD Sports 'overdone'
Analysts at Berenberg reiterated their 'buy' recommendation for shares of JD Sports, telling clients that investors' macro fears were overdone.
London close: Stocks turn weaker amid global growth concerns
London stocks had slipped below the waterline by the close on Tuesday, amid ongoing concerns about inflation and economic growth.
Director dealings: Kingspan non-exec buys EUR 0.15m of shares
Kingspan Group was at the top of the list of buys on Tuesday, after it disclosed a purchase worth more than €0. 15m made by a non-executive director.
World Bank slashes global growth forecast
The World Bank cut its global growth forecast on Tuesday as it said the Ukraine conflict had compounded damage from the Covid-19 pandemic and warned over the risks of stagflation.
Pearson sells Courseware businesses in Italy, Germany for £163m
Education publisher Pearson said it had sold its local K12 Courseware businesses in Italy and Germany to Sanoma Corporation for £163m.
FTSE 100 movers: JD Sports under the cosh; miners rally
London’s FTSE 100 was down 0. 2% at 7,589. 86 in afternoon trade on Tuesday.
US foreign trade deficit collapses in April as exports jump
America's shortfall on trade with the rest of the world registered an outsized drop in April and some economists believed that it was set to stop being a drag on economic growth over the remainder of 2022.
US open: Shares lower on Target forecast cut; Kohl's in focus
US stocks opened lower on Tuesday amid concerns about surging inflation and economic growth and a cut in quarterly margin forecast by retailer Target.
FTSE 250 movers: Biffa surges on takeover news
The FTSE 250 was down 0. 85% at 20,332. 21 at 1414 BST.
Corcel expands Dempster focus to include nickel exploration
Natural resource explorer and developer Corcel announced on Tuesday that it has now, subject to minority investor approval, expanded the focus of the Dempster vanadium project in which it has a 50% interest.
Challenger Energy to focus on existing wells for rest of 2022
Challenger Energy updated the market on the work programme for its assets in Trinidad and Tobago and Suriname on Tuesday, confirming that its focus in Trinidad and Tobago was to deliver near-term production growth to both offset natural reservoir decline and to reach average production of 550 to 600 barrels of oil per day by the end of 2022.
Libertine awarded £0.42m red diesel replacement grant
Linear generator technology developer Libertine Holdings has been awarded £0. 42m in grant funding by the Department for Business, Energy and Industrial Strategy (BEIS), it announced on Tuesday, as part of the first phase of the Red Diesel Replacement Competition.
Haydale revenue set to beat full-year expectations
Advanced materials group Haydale Graphene updated the market on its trading ahead of its financial year-end on Tuesday, saying it anticipated announcing revenue ahead of market expectations.
Atlantic Lithium reports positive test-work results from Ewoyaa
Africa-focussed explorer and developer Atlantic Lithium announced positive metallurgical test-work results in support of the pre-feasibility study underway for the Ewoyaa lithium project in Ghana on Tuesday.
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