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US close: Stocks slide following corporate earnings
Wall Street stocks closed lower on Tuesday amid stimulus headlines and another slab of corporate earnings.
Wednesday preview: Federal Reserve, Barclays in focus
Some market commentary holds that policymakers at the Federal Reserve might strengthen their forward guidance on interest rates.
Europe close: Stocks little changed as investors monitor risks of second pandemic wave
Stocks in Europe were little changed overall on Tuesday although they did give back early gains despite reports that US lawmakers were preparing a further $1. 0trn round of fiscal stimulus.
London close: Stocks finish higher after turbulent afternoon
London’s benchmark managed to break back into the green by the close after a choppy session on Tuesday, as investors weighed worries about a rise in new coronavirus infections against hopes of a US stimulus package, and a strong showing in the housebuilding sector.
Jefferies ups Centrica to 'buy' following H1 update
Analysts at Jefferies upgraded energy services and solutions company Centrica's shares to 'buy' on Tuesday, stating the group now appeared to be "taking back control".
Broker tips: Fevertree, BT, Centrica
Analysts at Berenberg raised their target price on drinks maker Fevertree's shares from 2,250. 0p to 2,350. 0p on Tuesday after the group managed to consistently achieve "impressive" off-trade sales growth since the pre-lockdown stockpiling period.
US consumers temper their optimism in July, Conference Board says
Consumer sentiment in the States ebbed a bit more than expected in July as Americans tempered their short-term expectations.
Director dealings: Headlam Group director makes share purchase
Headlam Group revealed on Tuesday that non-executive director Keith Edelman had acquired 7,059 ordinary shares in the London-listed floor coverings business.
Uniphar ends first half in line with expectations
Healthcare services company Uniphar updated the market on its first half on Tuesday, saying it had performed in line with expectations for the six months through June at both a gross profit and EBITDA level.
Global GDP to fall 5% this year, UK unemployment to hit 10% - NIESR
Global GDP will fall 5% this year, while the UK economy will shrink 10% and unemployment will reach 10%, according to the National Institute of Economic and Social Research.
FTSE 250 movers: Greggs falls on H1 loss; Greencore gains on results
London’s FTSE 250 was up 0. 6% at 17,251. 92 in afternoon trade on Tuesday.
FTSE 100 movers: Housebuilders rally; Fresnillo loses its shine
London’s FTSE 100 was up 0. 3% at 6,120. 42 in afternoon trade on Tuesday.
US open: Stocks fall at the bell as corporate earnings continue to roll in
Wall Street stocks opened lower on Tuesday amid stimulus headlines and another slab of corporate earnings.
US S&P Case Shiller home price index edges up in May
Home price inflation in the States slowed in May, the results of a closely-followed gauge revealed.
Union Jack shares rise as OGA approves Biscathorpe acquisition
UK-focussed onshore exploration and development company Union Jack Oil announced on Tuesday that the Oil and Gas Authority has approved its acquisition of a further 3% interest in PEDL253, containing the Biscathorpe Prospect, from Montrose Industries.
Selfridges to cut 450 jobs as sales tumble
Selfridges has told staff it plans to cut 450 jobs or around 14% of its total headcount as annual sales are set to be "significantly less" than in 2019 because of the pandemic.
Pfizer beats estimates with Q2 earnings
Shares in pharma giant Pfizer were in the green ahead of the bell on Tuesday after posting better-than-expected second-quarter earnings and raising its full-year guidance.
Norman Broadbent remains EBITDA positive despite H1 revenue drop
Professional services firm Norman Broadbent expects to record positive earnings before interest, tax, depreciation and amortisation for the six months ended 30 June despite falling revenues.
Princess Private Equity enters new management agreement with Partners
Princess Private Equity has entered into a new investment management agreement with Partners Group, it announced on Tuesday, with effect from 1 July.
FCA to ban motor discretionary commission models
The FCA said on Tuesday it would be introducing a ban on discretionary commission models as some car retailers and motor finance brokers potentially sell more expensive credit to customers in order to receive commissions.