TOP NEWS: Contraction in UK manufacturing activity continues in April

The downturn in the UK’s manufacturing sector continued in April, according to survey data on Tuesday, but companies remain optimistic towards the future.

The UK...

Tue, 02/05/2023 - 09:56

FTSE 100 steady after JP Morgan takes over First Republic, BP’s buyback disappoints and HSBC beats expectations as Ping An keeps up the pressure

“The FTSE 100 ticked higher on Tuesday morning as JP Morgan’s takeover of First Republic doused, for now, a still smouldering bank crisis,” says AJ...

Tue, 02/05/2023 - 09:45

LONDON BROKER RATINGS: HSBC raises Rightmove to ’buy’ from ’hold’

The following London-listed shares received analyst recommendations Tuesday morning:

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FTSE 100

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UBS raises Whitbread price target to 4,075 (3,750) pence - ’buy’

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Barclays raises Whitbread price target to...

Tue, 02/05/2023 - 09:34

LONDON MARKET OPEN: HSBC rises, BP falls ahead of Fed, ECB decisions

The London market returned from a three-day holiday weekend in a positive frame of mind on Monday, helped by positive results from lender HSBC.

The...

Tue, 02/05/2023 - 09:32

IN BRIEF: Ferrexpo CEO to resign, chair and CFO will replace

Ferrexpo PLC - Switzerland-headquartered iron ore company with assets in Ukraine - Jim North, chief executive officer to step down from role after nine years...

Tue, 02/05/2023 - 09:18

TOP NEWS: BP swings to first-quarter profit, launches share buyback

BP PLC on Tuesday said it began 2023 strongly, swinging to a profit in the first quarter as revenue ticked up and impairments were significantly...

Tue, 02/05/2023 - 08:59

TOP NEWS: UK house prices edge up month-on-month in April

The average UK house price increased by 0.5% month-on-month in April, following seven consecutive falls, according to an index on Tuesday.

Nationwide Building Society, which released...

Tue, 02/05/2023 - 07:53

Kibo Energy makes progress in pilot tests for biofuel projects

Kibo Energy PLC said on Tuesday it has made ‘significant progress’ in pilot tests for its biofuel projects in southern Africa.

The Galway, Ireland-based company...

Tue, 02/05/2023 - 07:36

BHP completes acquisition of Oz Minerals for A$9.60 billion

BHP Group Ltd on Tuesday said it had completed its acquisition of Oz Minerals Ltd in a deal valued at A$9.60 billion, around $6.44 billion....

Tue, 02/05/2023 - 06:56

TOP NEWS: HSBC announces buyback as first-quarter profit triples

HSBC PLC on Tuesday announced the reinstatement of a quarterly dividend and a $2 billion share buyback programme amid surging first-quarter profit.

In the first...

Tue, 02/05/2023 - 06:28

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