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Tuesday newspaper round-up: Ryanair, City real estate, energy prices
Rish Sunak is poised to usher in cuts worth £2bn for government departments tasked with meeting the Tories’ flagship “levelling up” agenda, despite planning for the biggest tax raid in a generation. The Institute for Fiscal Studies (IFS) said the chancellor was on track to lift the UK’s tax burden to the highest sustained level in peacetime with a package of manifesto-busting tax increases at this month’s budget and spending review. - Guardian.
FTSE 100 movers: Glaxo rallies on report; Entain in the red
London’s FTSE 100 was down 0. 3% at 7,122. 92 in afternoon trade on Tuesday.
French Connection interim losses narrow
French Connection reported a narrowing of its interim losses on Tuesday as store closures were offset by online and wholesale sales, as it announced the retirement of its chief executive.
Vistry CEO Fitzgerald to stay on past the end of 2022
Housebuilder Vistry said on Tuesday that chief executive officer Greg Fitzgerald will stay on beyond the end of 2022.
IMF cuts global growth forecast
The International Monetary Fund downgraded its forecasts for global growth on Tuesday as it cautioned that supply chain issues were denting growth.
FTSE 250 movers: Britvic recovers some ground; Diversified Energy tumbles
London’s FTSE 250 was flat at 22,481. 46 in afternoon trade on Tuesday.
Deutsche Banks initiates coverage of Polymetal at 'hold'
Deutsche Bank initiated coverage of Polymetal on Tuesday with a ‘hold’ rating and 1,200p price target.
Glaxo's consumer arm drawing interest from private equity - report
GlaxoSmithKline shares topped the FTSE 100 index on Tuesday following a report that the pharmaceuticals giant’s consumer unit was drawing interest from private equity firms in what could lead to the biggest buyout of all time.
London midday: Stocks maintain losses amid inflation woes
London stocks were still in the red by midday on Tuesday amid worries about inflation and Chinese property group Evergrande, as investors digested the latest UK jobs data.
German investor sentiment slumps amid raw materials shortage
German investor sentiment deteriorated more than expected in October amid shortages of raw materials, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Marley postpones IPO due to market volatility
Roofing specialist Marley Group said on Tuesday that it was postponing plans to list on the London stock market due to market volatility.
De La Rue backs full-year outlook
Banknote printer De La Rue backed its full-year outlook on Tuesday as it said its performance remains in line with the board’s expectations.
London open: Stocks fall amid inflation concerns; jobs data in focus
London stocks fell in early trade on Tuesday amid ongoing worries about inflation, as investors digested the latest UK jobs data.
UK job vacancies hit record high
UK job vacancies hit a 20-year high between July and September, while the unemployment rate fell in the three months to August as the jobs market continues to recover.
London pre-open: Stocks to fall as investors mull jobs data
London stocks were set to fall at the open on Tuesday following a downbeat session in Asia, as investors mull the latest UK jobs data.