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US close: Stocks end session in the green following solid manufacturing data
Wall Street stocks closed higher on Tuesday following a sharp sell-off in the previous session, driven by some stronger than expected manufacturing data.
Europe close: Stocks dip as UK moves into lockdown, Germany prepares to tighten restrictions
European markets slipped as the UK imposed its third national lockdown and Germany prepared to extend measures to stymie a surge of coronavirus cases.
Wednesday preview: Georgia elections, US ADP jobs report
Financial markets' focus on Wednesday will be on whether the US Republican retains control of the country's Senate or if the Democrats manage a 'clean sweep' by taking control of the upper house of Congress and not just the lower chamber and the White House.
London close: Stocks finish firmer as investors digest fresh Covid relief
London stocks managed to close in the green on Tuesday, as investors mulled the impact of England’s third national lockdown and news of a fresh £4. 6bn package of Covid relief measures to help businesses get through it.
Paperchase prepares to call in administrators
Stationery and giftware retailer chain Paperchase is on the precipice of collapse, it emerged on Tuesday afternoon.
Director dealings: Hollywood Bowl execs lower stakes
Hollywood Bowl Group revealed on Tuesday that multiple board members had lowered their stakes in the ten pin bowling alley operator.
Allergy Therapeutics begins peanut allergy vaccine study
Speciality allergy-focussed pharmaceutical company Allergy Therapeutics announced on Tuesday that an ex-vivo biomarker study of blood samples from peanut allergy patients had started at Imperial College London.
Destiny Pharma meets recruitment deadline for XF-73 trial
Clinical-stage biotechnology company Destiny Pharma announced on Tuesday that its XF-73 phase 2b clinical trial was fully recruited by 31 December, meeting the target timeline set for the programme.
Broker tips: Royal Mail, JTC Group
Berenberg upped its rating on Royal Mail on Tuesday to ‘hold’ from ‘sell’ and hiked the price target to 280p from 137p as it said risks remain but are now balanced.
Morgan Stanley downgrades some UK office stocks, sees medium-term headwinds
Analysts at Morgan Stanley downgraded their view on several UK office stocks in response to expected increases in supply and the structural uncertainties that were still present.
Brent futures find a bid after report of compromise OPEC-Russia deal
Crude oil futures found a bid in late trading on Tuesday following reports of a compromise deal between the Organisation of Petroleum Exporting Countries and Russia.
US open: Stocks open slightly higher following yesterday's sell-off
Wall Street stocks opened slightly higher on Tuesday following a sharp sell-off in the previous session.
British shoppers spend record £11.7bn on groceries in December
December was the busiest month ever for British supermarkets as tightening restrictions and the closure of restaurants, bars and cafes meant shoppers spent £11. 7bn on groceries, according to market research firm Kantar.
Mondelez buys snack company Hu Master Holdings
Mondelez International said on Tuesday that it has bought Hu Master Holdings, the parent company of US-based snacks company Hu Products, for an undisclosed sum.
FTSE 250 movers: Softcat surges on update; Royal Mail gets an upgrade
London’s FTSE 250 was up 0. 5% at 20,633. 81 in afternoon trade on Tuesday.
US manufacturing surprises to the upside in December, PMI shows
Manufacturing sector activity in the US surprised to the upside at the end of 2020.
Surface Transforms flags solid 2020 despite pandemic
Carbon fibre brake disc manufacturer Surface Transforms updated the market on its trading for the year ended 31 December on Tuesday, reporting that revenue for the year rose to £2m from £1. 9m.
FTSE 100 movers: Aveva boosted by upgrade; British Land hit by downgrade
London’s FTSE 100 was up 0. 3% at 6,590. 75 in afternoon trade on Tuesday.
Bonhill has $1.1m US paycheck loan forgiven
Bonhill Group updated the market on its US Paycheck Protection Program (PPP) loan on Tuesday, having received the $1. 1m loan on 29 May.
Berenberg upgrades Royal Mail, says risks are more balanced
Berenberg upped its rating on Royal Mail on Tuesday to ‘hold’ from ‘sell’ and hiked the price target to 280p from 137p as it said risks remain but are now balanced.