Latest News
16 May
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Sector movers: Telecoms, precious metals miners on the back foot

Telecoms services providers were at the bottom of the pile in the middle of the week following a disappointing update out of sector heavyweight Vodafone.

16 May
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Europe close: Stocks drift lower amid debt ceiling talks, China data

European markets drifted slightly lower on Tuesday as weaker-than-expected China data and downbeat consumer sentiment in Germany hit trade.

16 May
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Wednesday preview: Euro area CPI, Japan GDP in the spotlight

Investors' focus in the middle of the week would be on the inflation picture in the euro area.

16 May
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London close: Stocks mixed as jobless rate ticks higher

London stock markets closed in a mixed state on Tuesday, as investors juggled fresh economic data from the United States and the latest UK unemployment report.

16 May
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Director dealings: WPP CFO covers tax bill, Prudential board members invest

WPP was on the list of director sells on Tuesday, after its chief financial officer covered their statutory liabilities.

16 May
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US open: Stocks lower ahead of debt ceiling talks, mixed data weighs

Stocks on Wall Street were trading modestly lower as investors kept an eye out for any headlines from the debt ceiling negotiations scheduled for later on Tuesday.

16 May
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FTSE 100 movers: DCC jumps on results; Vodafone in the red

London’s FTSE 100 was down 0. 4% at 7,746. 98 in afternoon trade on Tuesday.

16 May
16 May
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Investor group opposed to Liontrust deal ups stake in GAM

The investor group comprised of NewGAMe and Bruellan - which is opposed to Liontrust’s takeover of Swiss fund group GAM - said on Tuesday that it plans to increase its stake in GAM from 8. 4% to above 10%.

16 May
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Ex-Daily Mail CEO tapped to work on bid for Ascential unit

Former Daily Mail & General Trust chief executive officer Paul Zwillenberg has been approached to advise private equity firm BC Partners in a possible bid for Ascential’s consumer data unit WGSN, it was reported on Tuesday.

16 May
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Vodafone to axe 11,000 jobs, sees flat FY as new CEO slams firm

Telecoms giant Vodafone said it was cutting 11,000 jobs and expected to post flat earnings next year after reporting a decline in annual profits in a performance described as “not good enough” by its chief executive.

16 May
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US retail sales rise by less than expected in April

American consumers last month resumed their outlays but at a slower than anticipated pace.

16 May
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US industrial production edges past forecasts in April, driven by manufacturing

Industrial production in the States bounced back last month after two months of flat output, driven by a rebound in factory activity.

16 May
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CBI appoints interim people chief

The CBI has named Elizabeth Wallace as its interim chief people officer, the troubled business lobby group confirmed on Tuesday.

16 May
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Horizon Therapeutics tanks as FTC expected to challenge Amgen deal

Horizon Therapeutics tumbled in pre-market trade on Tuesday following a report that its $27. 8bn takeover by Amgen will be challenged by federal regulators.

16 May
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Broker tips: Smiths Group, AB Foods, Loungers

Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to ‘buy’ from ‘underperform’ and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".

16 May
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Eurozone GDP edges higher in first quarter

The Eurozone economy grew only marginally in the first quarter, official data showed on Tuesday, in line with expectations.

16 May
Europe midday: China data, German ZEW hit sentiment

European markets opened slipped into the red on Tuesday as weaker-than-expected China data and downbeat consumer sentiment in German hit trade.

16 May
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US pre-open: Stocks seen muted ahead of further debt ceiling talks

US stock futures pointed to a muted open on Tuesday as investors eyed further debt ceiling negotiations.

16 May
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Mkango to take full ownership of HyProMag

Mkango Resources has entered into an agreement to increase its ownership stake in HyProMag from 42% to 100%, it announced on Tuesday, in a cash and share transaction.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.