Full List Of Stories
FTSE 250 movers: Playtech plunges; Greencore boosted by broker changes
London’s FTSE 250 was down 2. 5% at 22,128. 22 in afternoon trade on Tuesday.
FTSE 100 movers: Renishaw, travel stocks slump
London’s FTSE 100 was down 2. 3% at 6,958. 11 in afternoon trade on Tuesday as worries about rising inflation battered equity markets.
AstraZeneca shareholders approve Alexion acquisition
AstraZeneca’s acquisition of Alexion Pharmaceuticals is set to close in the third quarter after shareholders voted in favour of the deal.
Prince International to buy Ferro Corp in $2.1bn deal
Shares of Ferro Corporation surged in pre-market trade on Tuesday after the paint maker agreed to be bought by Prince International in an all-cash deal valued at around $2. 1bn.
Goldman Sachs adds Vodafone to 'Conviction List'
Goldman Sachs added buy-rated Vodafone to its ‘Conviction List’ on Tuesday, with its thesis predicated on the company’s "superior structural growth, compounded by best-in-class digital efficiencies, driving sector-leading free cash flow and returns improvement".
London midday: Stocks slump amid inflation fears
London stocks were firmly in the red by midday on Tuesday as worries about rising inflation rattled markets.
JPMorgan starts coverage of Deliveroo at 'neutral'
JPMorgan Cazenove initiated coverage of Deliveroo on Tuesday with a ‘neutral’ rating and 285p price target, saying that while the stock’s valuation is attractive versus peers, the risk/reward is balanced at this level and it prefers overweight-rated Delivery Hero.
German investor sentiment hits best level since 2000 - ZEW
German investor sentiment improved significantly in May as the third wave of coronavirus eased, hitting its best level in more than 20 years, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Joules upgrades full-year expectations
Retailer Joules upgraded its full-year expectations on Tuesday, citing strong online sales and a positive performance since the reopening of its stores last month.
Renishaw struggling to attract suitors due to valuation - report
Renishaw shares tumbled on Tuesday following a report it is struggling to attract investor interest due to a high valuation and list of ownership demands.
London open: Stocks slide on US inflation fears
London stocks slid in early trade on Tuesday, taking their cue from a US tech selloff overnight as US inflation fears rattled markets.
FCA set to oppose Amigo Holdings rescue plan
Amigo Holdings said on Tuesday that most of its creditors have voted in favour of a rescue scheme that will see them get less compensation for misselling than they are owed, but the Financial Conduct Authority looks set to oppose it on the basis that it’s not fair.
Capita appoints Tim Weller as CFO
Outsourcer Capita has appointed Tim Weller as its new chief financial officer with effect from Wednesday.
London pre-open: Stocks to slump amid US inflation fears
London stocks were set to slump at the open on Tuesday amid US inflation fears.
Tuesday newspaper round-up: Test-and-trace workers, The Hut Group, Hitachi
Many workers employed across the £37bn NHS test-and-trace service are being paid through networks of opaque small companies that experts fear could be defrauding the Treasury via a notorious tax scheme. The Guardian investigated after sources working at Covid-19 call centres, testing sites, mobile testing units and laboratories raised concerns about their payslips and employment terms. - Guardian.