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Citigroup tops earnings estimates on strong trading performance
US banking giant Citigroup turned in third-quarter earnings on Tuesday that came in ahead of expectations, as stronger-than-expected trading results offset weaker lending margins.
Wells Fargo Q3 profit dented by legal costs
Wells Fargo posted a decline in third-quarter net income on Tuesday as it took a hit from legal costs relating to a long-standing sales practice scandal.
Johnson and Johnson beats on Q3 EPS, raises full-year guidance
Johnson & Johnson posted higher than expected third quarter earnings despite a meagre increase in sales, especially in its consumer goods arm, and raised its full-year guidance.
BP Marsh asset value climbs despite LEBC issues
BP Marsh on Tuesday reported a first half increase in its net asset value despite cutting the valuation of its investment in LEBC Group.
WeWork reportedly prepared to fire 2,000 workers
WeWork is expected to lay off at least 2,000 people as early as this week, the Guardian reported on Tuesday.
US Empire State index edges higher in October
Factory sector activity in the jurisdiction of the Federal Reserve Bank of New York strengthened a tad last month, the results of a closely-followed survey revealed.
London police ban Extinction Rebellion protests in the City
British police have issued a city-wide ban on climate change protests in London that will allow officers to detain and prosecute anyone who ignores the new rule.
Europe midday: Markets rise amid upbeat trade war sentiment
European stocks were higher at midday on Tuesday amid renewed optimism over Sino-US trade relations and the chances of a Brexit deal.
Dunelm boosted by RBC Capital upgrade
Home furnishings retailer Dunelm got a boost on Tuesday as RBC Capital Markets upped its stance on the stock to 'sector perform' from 'underperform'.
RWS Holdings witnesses another 'record year'
Language support services provider RWS Holdings enjoyed another record year and now expects group revenues to be no less than £355m.
Tuesday broker round-up
Ocado: JP Morgan downgrades to underweight with a target price of 1,050p.
US pre-open: Futures point to small gains ahead of earnings onslaught
Wall Street futures were pointing to some modest gains at the opening bell as earnings from some of America's major banks began to roll in.
Goldman Sachs posts weaker than expected third quarter results
Goldman Sachs 's results for the latest three month period came in short of forecasts for both its top and bottom line, due to the drag from falling revenues from its Investing&Lending and Investment Banking arms.
Brady agrees 10p a share takeover by Hanover Active Equity Fund
Shares of software technology company Brady surged on Tuesday after it agreed to be bought by Hanover Bidco, an investment vehicle owned by Hanover Active Equity Fund II, in an £8. 3m deal.
Northern Bear roars ahead in Q2
Building services provider Northern Bear saw trading improve throughout the second quarter after a number of contract delays impacted the group's first three months of the year.
JP Morgan barrels past third quarter forecasts helped by investment bank
The largest US bank by market value barrelled past analysts' earnings forecasts during the latest quarter on the back of hefty top-line growth in its investment banking and markets units that saw it achieve record revenues.
China wants to lower tariffs in order to hit target for US farm imports
China could need to roll-back some of its tariffs on US goods in order to meet its commitments to Washington to ramp up purchases of American agricultural goods over the following two years.
London midday: Stocks turn red as sterling gains; jobs data digested
London stocks had fallen into the red by midday on Tuesday as data showed the UK jobs market cooled in August, with sterling up on Brexit deal hopes.
Asia report: Markets mixed amid fresh caution over trade
Markets in Asia were mixed on Tuesday, as investors exercised caution amid concerns that the apparent partial trade agreement between the US and China, which saw stocks rally on Monday, could be in jeopardy.
Walker Greenbank cuts interim dividend as profit falls
Walker Greenbank cut its interim dividend after drop profits fell on the back of restructuring costs and its acquisition of Clarke & Clarke.