FULL LIST OF STORIES
14:47
Sector movers: Diageo weighs on Beverages after costly takeover of Casamigos
tequila notimex

Pharma and Industrial engineering shares are at the top of the leaderboard amid supportive news-flow and broker commentary.

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13:43
US unemployment claims tick higher
bandera EEUU USA

US jobless claims edged slightly higher last week.

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13:28
Prudent to wait until December to hike again, Fed's Harker says
cbpatrickharker

In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.

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12:48
Europe midday: Oil shares slip towards seven-month low
Oil rig in Algeria, oil & gas, energy

European markets were holding lower, with investors pushing Oil&Gas shares to near seven-month lows, albeit against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.

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12:22
Results round-up

Ultra Electronics, the technology focused defence and security products group, said US orders continued to be held back by the delayed government budget but that its full year expectations remained unchanged.

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12:19
Broker tips: StanChart, Lloyds, Miners, Ultra Electronics
standard chartered, stanchart

Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.

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12:18
Goldman positive on StanChart but stays at sell on Barclays and Lloyds
barclays-devant-la-justice-britannique-dans-l-affaire-libor

Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.

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12:15
Deutsche Bank cautious on EMEA miners, Rio Tinto still top-pick
Rio Tinto train in the Pilbara region of Western Australia; mining

Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Asia mining sector, telling clients they were cautious given the modest deterioration seen in macro indicators for the sector.

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12:12
Ultra Electronics meaningfully undervalued, Investec says
ultra electronics

Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to continue.

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09:19
Europe open: Stocks slip on oil price dip, but deal-making continues
chip imagination img

European markets have begun the session lower weighed down by another fall overnight in crude oil futures, but against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.

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21 Jun
Europe close: Italian stocks outperform on gains in banks
intesa

Stocks finished well of their lows of the session, helped by a positive start to trading over on Wall Street, with Italian issues outperforming.

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21 Jun
US open: Wall Street mixed despite positive data

The main market indices on Wall Street were trading on a mixed note early on Wednesday despite the release of data showing another drop in oil inventories and stronger-than-expected demand for new homes.

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21 Jun
US crude oil inventories fall for a second week
BP, oil, gas

Crude oil inventories in the States shrank for a second week in a row alongside a drop in gasoline stockpiles, official data showed.

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21 Jun
Existing US home sales outpace forecasts in May
construction housebuilding bovis

Existing home sales in the States rose past forecasts last month as some buyers managed to overcome the challenging market conditions that were prevailing in many areas.

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21 Jun
Hike in Bank Rate might be prudent in second half, BoE's Haldane says
boe bank of england mpc city committee monetary policy

The Bank of England's chef economist signaled he too might soon shift his stance in favour of a hike in Bank Rate.

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21 Jun
Results round-up

Housebuilder Berkeley Group lifted annual pre-tax profits 53% and while it warned the business was facing "a number of headwinds and a period of prolonged uncertainty" around its core London housing market, it had £2. 7bn of forward sales booked and remained confident of delivering its profits guidance for the next four years.

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21 Jun
Broker tips: Capita, Oxford Instruments, Shell, BP
capita outsourcing local government

HSBC upgraded Capita to 'buy' from 'hold', despite the question marks surrounding its complex business model.

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21 Jun
Barclays hails Oxford Instruments's increased focus, ups target
oxford instruments

Analysts at Barclays revised their target price for Oxford Instruments's shares higher, hailing recent moves on its portfolio of businesses and balance sheet.

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21 Jun
Europe midday: Oil prices, French politics in focus
arc de triomphe champs elysees paris france europe

Stocks were coming off their lows of the session heading into the opening bell on Wall Street, with investors continuing to keep a close eye on crude oil futures and a string of resignations in France's centre-right MoDem party, a key ally of President Macron.

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21 Jun
Macquarie downgrades BP, prefers Total, Galp
BP petrol station pumps, oil & gas

The world's oil majors have made substantial progress in boosting their ability to make profits even in a low oil price environment, but low prices were set to strain their finances again over the short-term, according to Macquarie.

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