Full List Of Stories
FTSE 250 movers: Renishaw rallies; Provident Financial hit by downgrade
London’s FTSE 250 was flat at 21,212. 61 in afternoon trade on Tuesday.
Renishaw puts itself up for sale, shares surge
Renishaw shares surged on Tuesday after the engineer said it was putting itself up for sale as its founders look to sell their stake.
FTSE 100 movers: Admiral rallies ahead of results; JD Sports retreats
London’s FTSE 100 was up 0. 8% at 6,644. 18 in afternoon trade on Tuesday.
Canaccord downgrades Provident Financial to 'sell'
Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to ‘sell’ from ‘speculative buy’ and reduced its price target to 264p from 290p as it highlighted caution regarding claims.
London midday: Stocks extend gains despite Chinese official's 'bubble' warning
London stocks had extended gains by midday on Tuesday despite a Chinese official warning that foreign markets are in a bubble, as investors sifted through a raft of corporate news.
Foxtons buys Douglas & Gordon for £14.3m
Estate agency chain Foxtons said on Tuesday that it has bought Douglas & Gordon for £14. 25m in cash.
Boohoo not aware of any US customs investigation
Fast-fashion retailer Boohoo said on Tuesday that it is not aware of any investigation into the company by the US Customs and Border Protection (CBP).
Hotel Chocolat interims underpinned by online growth
Premium chocolatier Hotel Chocolat reported a rise in interim profit and revenue on Tuesday as online growth offset the impact from the closure of its stores due to lockdown.
FCA closes investigation into Lookers
The Financial Conduct Authority has closed its investigation over the possible mis-selling of regulated products at car dealership chain Lookers.
Travis Perkins swings to loss, re-starts Wickes demerger process
Builders’ merchant Travis Perkins said on Tuesday that it has re-started the process to demerge Wickes as it said it swung to a full-year loss following disruption from the Covid-19p pandemic.
London open: Stocks nudge up amid raft of corporate news
London stocks were a touch higher in early trade on Tuesday as investors paused for breath after solid gains in the previous session, and sifted through a raft of corporate news.
Intertek hails 'strong recovery' in second half
Intertek posted a drop in full-year profit and revenue on Tuesday but said its earnings performance was ahead of the group’s expectations following a strong recovery in the second half.
Ashtead lifts FY outlook after market outperformance
Equipment rental firm Ashtead said on Tuesday that full-year results are set to be ahead of its previous expectations after it outperformed the market in the nine months to the end of January 2021.
London pre-open: Stocks seen lower after strong start to month
London stocks were set to fall at the open on Tuesday following solid gains in the previous session.
Tuesday newspaper round-up: FCA, Greensill Capital, Klarna
City firms revealed in the final months of 2020 that they planned to shift nearly £100bn in assets to the EU, taking the total value of assets lost to the bloc since the Brexit vote to £1. 3 trillion, according to a new survey. The data from consulting group EY pointed to a last-minute push by firms before 31 December after the UK-EU trade deal did not offer concessions for the UK’s dominant financial services sector. It forced companies to move staff and assets to the continent in order to continue serving EU customers.