MARKET PULSE
26 Apr
US close: Markets fall as investors react to Trump tax plan
cbtrump823

US stocks were down on Wednesday as investors digested the details of President Donald Trump’s tax reform.

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26 Apr
Le Pen's long odds attract new punters to French political betting
macron le pen

Gamblers have been piling in to bet on far-right candidate Marine Le Pen wrestling a surprise win over centrist candidate Emmanuel Macron next month, according to bookmakers.

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26 Apr
FX round-up: Generally upbeat sterling dips on dollar ahead of Trump tax reforms unveiling
cash money sterling pound

Sterling enjoyed a relatively rosy day on most key crosses, but fell against a resurgent US dollar ahead of US President Donald Trump outlining his proposed tax reforms later on Wednesday.

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26 Apr
White House prepares executive order withdrawing from NAFTA
aluminio mexico

The Trump administration is preparing an executive order to withdraw from the North American Free Trade Agreement.

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26 Apr
Europe close: Slights gains ahead of ECB
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European equities finished the session slightly higher as investors looked to the European Central Bank’s policy decision on Thursday and a potential tax reform announcement in the US later in the day.

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26 Apr
Thursday preview: Dovish ECB expected, WPP could turn cautious
wpp group chief executive martin sorrell

The European Central Bank is forecast to leave its main policies unchanged in its meets this week, following a March meeting when the market made a rather hawkish interpretation of the outcome.

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26 Apr
Deutsche Bank executive warns Brexit could endanger 4,000 jobs
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One of Deutsche Bank's top executives has warned as many as 4,000 jobs at the lender could be at risk due to Britain's impending departure from the European Union.

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26 Apr
Green & Smart takes out loan as it progresses biogas projects
Money pounds sterling

Malaysia-focussed palm oil mill effluent biogas renewable energy generator Green & Smart Holdings announced on Wednesday that it entered into a 12 month loan of approximately MYR 1. 41m (£0. 25m) with an unnamed UK-based lender at an interest rate of 1% per month.

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26 Apr
Aura Energy makes strong progress on Tiris study
Finance, graph

Aura Energy advised on Wednesday that the various elements of the Tiris Definitive Feasibility Study were continuing to progress “strongly”, with activity in all the principal areas of the study.

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26 Apr
Obtala commits to a number of social goals in Tanzania
edgar test 10

Africa-focussed agriculture and forestry company Obtala announced on Wednesday that it signed a letter of intent expressing the company's commitment to build sustainable and inclusive business in Tanzania through investment activities associated with the ‘Grow Africa’ partnerships in Sub-Saharan Africa.

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26 Apr
Vela Tech subscribes for 1.1m more Rosslyn shares
money pound cash

Early-stage and pre-IPO focussed disruptive technology investment company Vela Technologies announced on Wednesday that it conditionally subscribed for 1,111,111 ordinary shares in Rosslyn Data Technologies, an existing investee company, at 4. 5p per share for a consideration of £50,000.

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26 Apr
Commodities: Crude bounces off lows as EIA data shows fall in US inventories
Oil & gas plant

Crude futures bounced off earlier lows on Wednesday afternoon as US Energy Information Administration (EIA) data showed a surprise fall in inventories last week.

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26 Apr
Twitter shares jump as traffic continues to accelerate in Q1
ep logo twitter

Twitter continued to be mired in red ink during the first quarter despite continued and accelerating growth of activity on its site, amid revenue headwinds.

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26 Apr
US open: Stocks little changed as investors eye Trump tax announcement
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US stocks were little changed on Wednesday as investors awaited a speech on tax reform by President Donald Trump.

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26 Apr
Small cap news round-up
gold, mining

Glanbia is to sell a 60% stake in its Irish dairy business, to Glanbia Co-operative Society for €112m.

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26 Apr
FTSE 250 movers: Aggreko gains ahead of update, Tullow gushes lower
aggreko, glastonbury, festival

London's FTSE 250 index was up 0. 5% to 19,670. 48 in afternoon trade.

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26 Apr
WTI futures spike higher following DoE inventory data
BP, oil, gas

US crude oil inventories fell sharply last week despite rising imports as product stockpiles continued to build.

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26 Apr
FTSE 100 movers: Standard Chartered rallies on results, GKN drops
Standard Chartered Bank Shanghai office, banking

London's FTSE 100 was up 0. 2% to 7,287. 12 in afternoon trade as investors digested comments from US Treasury Secretary Steven Mnuchin, who confirmed that Donald Trump plans to cut corporate tax to 15% from 35%.

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26 Apr
GSK slips despite strong first quarter debut for Emma Walmsley
gsk glaxo emma walmsley

GlaxoSmithKline's new chief executive Emma Walmsley reported a strong first set of quarterly results, as the drug group grew sales better than forecast, improved profit margins and kept its dividend on track.

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26 Apr
Mariana Resources rockets on merger proposal with Sandstorm
cash money sterling pay deal offer acquisition m&a

Mariana Resources has agreed to merge with US based royalty company Sandstorm, which sees the AIM-listed explorer's shares valued at 109. 71p and would see its shareholders own 19% of the enlarged group.

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