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FTSE 100 movers: Rolls-Royce, IAG rally on vaccine optimism; Ocado falls
London’s FTSE 100 was up 1. 4% at 6,274. 76 in afternoon trade on Tuesday as optimism over a Covid-19 vaccine continued to boost sentiment.
US-based Take-Two to buy Codemasters for £759m
Video games developer Codemasters has agreed to be bought by US-based Take-Two Interactive Software for around £759m.
Croda secures vaccine contract with Pfizer
Specialty chemical company Croda International said on Tuesday that it has entered into an agreement with US-based Pfizer to supply novel excipients used in the manufacture of a Covid-19 vaccine candidate.
Citi downgrades On The Beach after share price jump
Citi downgraded its stance on shares of package holiday provider On The Beach on Tuesday to ‘neutral’ from ‘buy’ following the 29% share price rise a day earlier on the back of positive news about Pfizer and BioNTech’s Covid-19 vaccine.
Positive vaccine news could drive up global growth expectations, says Goldman
Positive news flow on a Covid-19 vaccine is likely to boost risky assets further, Goldman Sachs said in a note on Tuesday, but in contrast to the initial US election relief, it has the potential to drive global growth expectations higher alongside lower uncertainty on the recovery.
London midday: Vaccine optimism continues to boost markets
London stocks had extended gains by midday on Tuesday as investors continued to cheer upbeat news on Pfizer and BioNTech’s Covid-19 vaccine.
Barclays starts Beazley at 'overweight'
Barclays initiated coverage of Beazley at ‘overweight’ on Tuesday with a 391p price target, arguing that it’s "a rare example of a growth play in insurance".
Premier Foods lifts FY profit outlook
Mr Kipling and Oxo maker Premier Foods bumped up its full-year profit outlook on Tuesday amid expectations that the second lockdown will underpin demand, as it reported a rise in first-half profit.
Oxford Instruments FY results to beat market views
Oxford Instruments said on Tuesday that its full-year performance is set to be a "little behind" last year at constant currency but ahead of analyst forecasts, as it reported a decline in half-year profit and revenue due to the pandemic.
Land Securities losses widen on Covid impact
Land Securities reported a widening of its first-half losses on Tuesday as the value of its property assets fell by 7. 7% due to the impact of the coronavirus pandemic, but the shopping centre owner reinstated its dividend.
UK unemployment rate rises as pandemic continues to dent jobs market
The UK unemployment rate rose in September as the coronavirus pandemic continues to dent the jobs market, according to figures released on Tuesday by the Office for National Statistics.
London open: Stocks edge higher as investors mull jobs data
London stocks rose in early trade on Tuesday as the travel and leisure sectors continued to benefit from encouraging news on Pfizer and BioNTech’s Covid-19 vaccine, but gains were muted compared to the previous session’s surge as investors digested the latest UK jobs data.
DCC boosts interim dividend as profit rises
Sales, marketing and support services group DCC lifted its interim dividend on Tuesday as it posted a rise in profit.
London pre-open: Stocks to fall after Monday's surge; UK jobs data in focus
London stocks were set to fall at the open on Tuesday, having surged a day earlier as investors cheered positive news on Pfizer and BioNTech’s Covid-19 vaccine.
Tuesday newspaper round-up: Self-employed, Supreme, bookies, Ocado
A million people in the UK are planning to give up being self-employed after seeing their earnings decimated by the Covid-19 pandemic. Ahead of official figures on Tuesday that are likely to show a further jump in unemployment, a report from the London School of Economics found that a two-decade long trend in favour of more people working for themselves was under threat. - Guardian.