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Wednesday preview: Spending Review, Virgin Money UK in the spotlight
Investors' attention will be squarely on the UK Spending Review on Wednesday and updated economic forecasts from the Office for Budget Responsibility.
Europe close: Stocks extend gains as US presidential transition moves forward
European shares powered ahead on Tuesday, driven by Covid-19 vaccine hopes, optimism around the transition of the US presidency and takeover news in Scandinavia.
US close: Dow Jones closes above 30,000 for first time
Wall Street stocks closed sharply higher on Tuesday after the Trump administration finally signalled its willingness to begin the transition process.
London close: Stocks finish firmer on vaccine hopes, Biden transition
London equity markets finished firmer on Tuesday, with sentiment boosted after Donald Trump authorised President-elect Joe Biden's official transition process to begin, and following reports that former Federal Reserve chair Janet Yellen is in line to be the next US Treasury Secretary.
Broker tips: Eckoh, IMI, Antofagasta
Analysts at Canaccord Genuity upped their rating on software outfit Eckoh to 'buy' on Tuesday after the group turned in a strong first-half performance despite Covid-19 impacts.
SMMT warns of 'severe' blow to UK auto industry from no-deal Brexit
Britain and Europe's automobile industry could yet be dealt another severe blow if Brussels and London cannot reach a Brexit deal and weaken the sector's ability to keep pace with the revolution towards green technology, the country's lobby group for the sector said.
Armadale appoints Xinhai Mineral for Mahenge test work
Armadale Capital reported on Tuesday that engineering, procurement, construction and manufacturing company Xinhai Mineral, part of the Chinese Yantai Xinhai group, had been selected to start metallurgical bulk test work as part of the first phase of the front-end engineering design (FEED) studies for the development of the Mahenge graphite project.
Director dealings: Derwent London director makes share sale
Derwent London revealed on Tuesday that director Simon Silver had disposed to 12,170 ordinary shares in the FTSE 250-listed property investment and development business.
FireAngel confirms safety technology partnership with Ealing Council
Home safety products company FireAngel announced an ‘internet-of-things’ (IoT) rollout partnership with the London Borough of Ealing on Tuesday.
Keras Resources upbeat after recent meetings in Togo
Mineral resource company Keras Resources updated the market on progress at the Nayéga Manganese Mine in Northern Togo on Tuesday, which is wholly owned by its 85%-owned subsidiary Société Générale de Mines (SGM).
Bezant announces initial drilling results from Hope project
Copper-gold exploration and development company Bezant announced initial results for its drilling programmes, as well as positive tenure update news, from the Hope Copper-Gold Project in Namibia on Tuesday.
FTSE 250 movers: Travel & leisure stocks gain; AO World slides
The FTSE 250 was up 0. 8% at 19,737. 48 in afternoon trade on Tuesday.
US home prices leap past forecasts in September, S&P says
US house prices continued rising at a brisk clip in September, according to the results of a closely-followed survey.
US open: Dow Jones nears 30,000 as White House prepares for transition
Wall Street stocks opened higher on Tuesday after the Trump administration finally signalled its willingness to begin the transition process.
Nostra Terra completes logging of Cypress well
Oil and gas exploration and production company Nostra Terra announced the completion of logging at the Cypress farm-out well at its Pine Mills oil field on Tuesday, adding that the well would now be perforated and completed.
Airlines could lose $157bn in 2020-21 - IATA
Airlines could lose a total $157bn this year and next, the International Air Transport Association warned on Tuesday.
FTSE 100 movers: Rolls-Royce rallies; JD Sports retreats
London’s FTSE 100 was up 1. 3% at 6,418. 31 in afternoon trade on Tuesday.
Treatt shrugs off Covid-19 hit to post jump in annual profits
Chemicals group Treatt said it had performed strongly in an "unprecedented" year as it posted a jump in annual profits.
AA extends deadline for £218m takeover offer
The AA has extended the deadline for its private equity suitors to make a firm takeover offer, the motoring and insurance group said on Tuesday.