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20 Aug
US close: Stocks snap winning streak as trade tensions linger
New York Stock Exchange, NYSE, markets, Wall Street

Stocks closed lower on Tuesday as market participants were focussed on the state of US-China relations and the outlook for monetary policy.

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20 Aug
Europe close: Stocks slip after Italian government coalition collapses
ep matteo salvini

Stocks on the Continent fell back as optimism over prospects for further policy easing was offset by the collapse of the governing coalition in Italy and ongoing worries around the US-China trade war.

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20 Aug
Sarepta Therapeutics hit after FDA pushes back on fast-track approval for Golodirsen
Cannabis drugs for medical use

Shares of Wall Street biotechnology darling Sarepta Therapeutics came under sharp selling pressure after America's drug safety watchdog rejected the company's petition for accelerated approval of its Golodirsen drug for Duchenne Muscular Distrophy.

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20 Aug
London close: Stocks knocked lower by rebound in the pound
brexit-royaume-uni-union-europeenne-commission-bruxelles-parlement-drapeau 20171017173232

London stocks finished on Tuesday as sterling snapped higher after the German Chancellor said that the European Union would have to think about "practical solutions" for the Irish Backstop question.

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20 Aug
Director dealings: Young and Co CEO lowers stake
London Stock Exchange, markets, traders, trading, City, shares

British pub chain Young & Co revealed on Tuesday that chief executive Patrick Dardis had sold 7,468 ordinary shares in the AIM-listed firm.

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20 Aug
FX round-up: Pound edges higher following remarks by German Chancellor
ep 15 august 2019 italy castel volturno italys interior minister and deputy prime minister matteo salvini deliversspeech duringpress conference after the national committee for order and public safety photo fabio sassozuma wiredpa

Sterling edged higher in a risk-off session on Tuesday after German Chancellor Angela Merkel appeared to open the door to a compromise solution on the Brexit backstop.

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20 Aug
Broker tips: Greene King, Royal Mail
royal mail

Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.

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20 Aug
Pompeo says Hong Kong violence would make China trade deal 'more difficult'
ep mike pompeo

US Secretary of State Mike Pompeo on Tuesday warned Beijing that a violent crackdown on protests in Hong Kong would make a trade deal between the US and China "more difficult".

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20 Aug
Home Depot trims forecasts as trade war weighs on sales
home depot mexico

US home improvement retailer Home Depot warned on Tuesday that Washington's trade spat with Beijing would result in subdued sales growth during its current trading year.

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20 Aug
Italian PM Giuseppe Conte resigns amid political crisis
giuseppe-conte-peine-a-former-son-gouvernement-en-italie

Italian Prime Minister Giuseppe Conte resigned on Tuesday in the latest phase of the country's political crisis following Matteo Salvini’s grab for power.

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20 Aug
Asos said to ask suppliers for 3% discount
asos surprise fashion clothing millennials

Online fashion retailer Asos has reportedly asked its suppliers for a 3% discount as it looks to cut costs after recent profit warnings.

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20 Aug
Xtract Resources reports positive test results at Zambia mine
Copper

Xtract Resources on Tuesday reported positive assay results from preliminary sampling of mine tailings at the Kalengwa copper project in Zambia.

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20 Aug
Canaccord Genuity lowers Greene King to 'hold' following CK Noble offer
greene king

Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.

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20 Aug
MySale raising £10m as it focuses on 'leaner' Australasian operation
mysale

Online retail company MySale announced the outcome of its strategic review and a proposed placing on Tuesday, to be executed by way of an accelerated bookbuild to raise a minimum of £10m before expenses, via a conditional placing of new ordinary shares at a price of 2p each.

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20 Aug
US open: Stocks head south as traders await Fed minutes
wall street

Stocks headed south at the opening bell as market participants were focussed on the state of US-China relations and the outlook for monetary policy.

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20 Aug
FTSE 250 movers: Royal Mail dips, pubs fizz higher
royal mail

London's FTSE 250 was down 0. 14% at 19,071. 83 in afternoon trade on Tuesday, with Royal Mail leading the index lower.

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20 Aug
Petro Matad makes solid progress on Heron-1 and Red Deer-1 wells
oilfield

Mongolian oil explorer Petro Matad updated the market on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia on Tuesday.

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20 Aug
FTSE 100 movers: Kingfisher retreats; Sainsbury's rallies after Kantar data
Kingfisher B&Q store, retail

London's FTSE 100 was down 0. 7% at 7,136. 85 in afternoon trade on Tuesday.

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20 Aug
Arc Minerals upbeat on progress at multiple target areas
Copper

Arc Minerals announced further drill results from its maiden exploration drill programme at the Cheyeza East target area in Zambia on Tuesday, as well as an update on additional exploration activities at its high-priority West Lunga and Lumbeta targets.

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20 Aug
Cellcast to dispose of operating business, become cash shell
coins currency investment insurance business finance company

Cellcast has entered into a conditional share sale agreement for the disposal of its wholly-owned operating subsidiary Cellcast UK to Com & Tel Media, it announced on Tuesday, for a total cash consideration of £0. 38m, plus the contingent right to certain additional consideration.

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