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Caterpillar Q3 earnings fall as equipment sales slip
Industrial machinery giant Caterpillar posted a sharp drop in quarterly earnings on Tuesday as equipment sales fell across all territories.
Sector movers: Life insurers, Aerospace and Defence pace losses
Life insurance and Aerospace and Defence issues paced losses on Tuesday, as mounting concerns around the ongoing second wave of Covid-19, especially in Southern and Eastern Europe, weakened investor sentiment.
US close: Mixed session as rise in new Covid-19 cases weighs on sentiment
Wall Street stocks turned in a mixed performance on Tuesday as an ever-increasing number of new Covid-19 cases continued to weigh on sentiment.
Europe close: Stocks extend losses amid drag from second wave concerns
European shares finished sharply lower on Tuesday, having briefly moved back into positive territory around midday, despite strong earnings figures from corporate giants BP and HSBC.
Airbus, ST Engineering to expand A321 freighter plane programme
Airbus and Singapore's ST Engineering said they would set up new sites in China, Germany and the United States by 2023 to convert A321 passenger planes into freighters.
Wednesday preview: US foreign trade, GlaxoSmithKline in the spotlight
The economic and corporate news-flow is light on Wednesday, although investors will continue to keep an eye on the election polls ahead of the 3 November presidential and Congressional elections in the US.
London close: Stocks succumb to US-fuelled negative sentiment
London stocks slid back into negative territory during afternoon trading on Tuesday, as investors weighed up better-than-expected earnings from the likes of BP and HSBC against ongoing concerns about the Covid-19 pandemic and doubts about US stimulus.
Broker tips: Flutter Entertainment, Travis Perkins, IHG
RBC Capital Markets downgraded Flutter Entertainment on Tuesday to ‘sector perform’ from ‘outperform’ and trimmed the price target to 120. 0p from 125. 0p following a strong run.
Eli Lilly falls short of Q3 EPS forecasts
Eli Lilly posted lower than expected quarterly earnings, but reaffirmed its full-year guidance for profits.
Director dealings: Harworth company secretary makes share purchase
Harworth Group revealed on Tuesday that company secretary Chris Birch had acquired 10,886 ordinary shares in the London-listed land and property regeneration company.
Sareum gets conditional approval for UKRI grant
Specialist drug development company Sareum Holdings announced on Tuesday that its application for a grant of around £0. 17m from UK Research and Innovation (UKRI) to investigate the therapeutic potential of ‘SDC-1801’, its selective, small molecule TYK2/JAK1 kinase inhibitor in severe phase Covid-19, had been conditionally approved.
FTSE 250 movers: Housebuilders, Plus500 retreat
London’s FTSE 250 was down 1. 5% at 17,594. 70 in afternoon trade on Tuesday.
FTSE 100 movers: HSBC rallies on results; housebuilders fall
London’s FTSE 100 was down 1% at 5,731. 95 in afternoon trade on Tuesday.
Unilever to press ahead with unification plans
Consumer goods giant Unilever said that following board meetings earlier in the day, it plans to go ahead with proposals to unify its legal structure in the UK.
NetScientific's PDS investment begins phase 2 trial of cancer treatment
Life sciences and technology investor NetScientific announced on Tuesday that its portfolio company PDS Biotechnology has opened the phase 2 clinical trial of ‘PDS0101’ in combination with standard of care chemoradiotherapy, for the treatment of locally-advanced cervical cancer.
Induction rolls out health records on iPhone with NHS trust
Healthcare technology company Induction announced on Tuesday that its ‘Induction Zesty’ product, working in collaboration with Apple and the Cerner Corporation, had recently supported the rollout of health records on the iPhone platform to patients at Milton Keynes University Hospital NHS Trust (MKUH).
US open: Stocks mixed amid heightened level of new Covid-19 cases
Wall Street stocks were mixed following the opening bell on Tuesday as an ever-increasing number of new Covid-19 cases continued to weigh on sentiment.
Euro area M3 money supply growth accelerates sharply in September
Money supply growth in the single currency bloc accelerated unexpectedly sharply in September, a possible positive signal for short-term growth prospects although it likely came too late to save fourth quarter gross domestic product.
US house prices rise by the most since 1991 in August, FHFA says
US house prices clocked in with their fastest pace of gains since 1991 in August, a closely-followed gauge of home price inflation showed.
US consumer confidence dips in September
Sentiment among US consumers dipped last month but confidence remained solid enough for many of them to be likely to continue to splash out, a widely-followed gauge showed.