Vectura slips in caution ahead of drug approval
Inhaler maker Vectura hit a two-month low in a buoyant London market on Monday as analysts advised caution ahead of a key drug approval. N+1 Singer cut Vectura from “buy” to “sell”, arguing that...
View ArticleClik here to view.
US sanctions target Syrian weapons agency staff
The US Treasury has responded to this month’s gas attack in Syria by launching one of its biggest one-off rounds of sanctions, targeting employees of a Syrian agency it accuses of developing...
View ArticleClik here to view.
Wall Street rallies as volatility ebbs
US small-capitalisation stocks are widening the performance gap against their larger counterparts, highlighting the recent revival of the “Trump trade”, in spite of the tech-heavy Nasdaq Composite...
View ArticleClik here to view.
Canadian dollar slides on US trade tensions
Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour —...
View ArticleSoftwood import tariffs harden dollar
Donald Trump has not been making the dollar great again, which is either “sad” or “really tremendous”, depending on his mood for the day. A bit of Canada bashing is one way to fire it back up. Since...
View ArticleTax raid postponed as ministers rush through finance bill
A planned tax raid affecting more than two million people is one of several measures that have been dropped by the government as the general election draws near, it emerged today. The decision to hold...
View ArticleLeaked Labour script puts 'core party issues' above Brexit
A leaked general election script for Labour MPs reveals that the party will direct its campaign focus to issues including schools, social care and the NHS, rather than immigration, defence and Brexit....
View ArticleTax-free pension curbs dropped ahead of election
Pension providers were on Tuesday seeking urgent clarity from the Treasury over the legal status of a controversial cut to the tax-free pension savings allowance after it was dropped from the finance...
View ArticleClik here to view.
Chinese exporters report increased orders in April
April 25, 2017 by: FT Confidential Research Chinese exporters reported a tenth month of improvement in April, with the headline index hitting a 2017 high, 7.3 points above April 2016. Although most...
View ArticleClik here to view.
McDonald’s hits all-time high on strong Q1 results
Shares in McDonald’s, the world’s biggest burger chain, reached an all-time high on Tuesday after it delivered first-quarter results that beat market expectations and assuaged concerns that recent...
View ArticleClik here to view.
Weir climbs on hopes over shale gas recovery
Pumpmaker Weir Group hit a two-year high on Tuesday after JPMorgan Cazenove said that investors had underestimated the strength of the shale gas recovery. JPMorgan upgraded Weir to “overweight” with a...
View ArticleClik here to view.
Wall St Vix index falls to lowest since January
Wall Street’s “fear gauge” on Tuesday closed at its lowest level since January, having plummeted after the first round of the French presidential election calmed investor nerves over another populist...
View ArticleClik here to view.
LME chief seeks mandate to reform 140-year-old bourse
It’s taken the new chief executive of the London Metal Exchange Matthew Chamberlain four years to understand the complexity of the 140-year-old bourse. Now he’s on a mission to simplify it. Days after...
View ArticleClik here to view.
May refuses to commit to pensions ‘triple lock’
Theresa May has refused to commit a Conservative government to retaining the “triple lock” on pensions during a boisterous final session of prime minister’s questions before the election. Mrs May was...
View ArticleOil majors still wait for investor catch-up
In the push-me, pull-you debate about where oil prices might head next, consider this: the average Brent oil price for the January to March quarter rose year on year for the first time since 2012. So...
View ArticleClik here to view.
Turkey’s monetary tightening supports lira
Turkish policymakers surprised investors by tightening monetary conditions on Wednesday, helping to support the lira on a day of widespread weakness across emerging market currencies and prompting...
View ArticleClik here to view.
Big mining groups rebound to extract a profit
The Lihir Gold mine in Papua New Guinea is a potent symbol of the excess of the mining investment boom that ended with the resources industry drowning in debt. Bought for A$9.5bn in 2010 by Newcrest,...
View ArticleLondon Stock Exchange says clearing demand is ‘strong’
The London Stock Exchange Group has reported growing demand from investors around the world to use its clearing house, in spite of the unit’s uncertain future following the UK’s decision to leave the...
View ArticleOil rises as US crude stocks retreat for third week
Oil prices reversed early losses on reports of the third weekly draw down of crude stocks in the US, though analysts cautioned on waiting for further signs that Opec’s production cuts are finally...
View ArticleMerlin jumps on hopes over hotel expansion plans
Merlin Entertainments had its best day in nine months on Wednesday after Morgan Stanley said investors had missed its hotel expansion plans. The Alton Towers operator has 3,600 rooms available at 20...
View Article