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US close: Stocks mixed following sell-off in tech shares
Wall Street stocks put on a mixed performance on Tuesday, with the Dow Jones closing higher but the Nasdaq Composite suffering heavy losses on the back of a sell-off in tech stocks.
Wednesday preview: US jobs data, Boohoo in the spotlight
Financial markets' focus in the middle of the week will be on the US, where two key economic indicators are scheduled for release.
Government spending may cause 'very modest' interest rate increases, Yellen says
The price of money in the US may need to rise very modestly in order to keep the economy from overheating, the head of the country's Treasury said.
Europe close: Stocks knocked lower as Yellen argues for 'very modest' rate hikes
European stocks finished sharply lower as the head of the US Treasury said some interest rate hikes may be necessary as government spending ramps up.
London close: Stocks follow European markets, Treasury yields lower
London stocks had slipped below the waterline by the close on Tuesday, having started the day on a rosier note following solid manufacturing and mortgage borrowing data.
Broker tips: Travis Perkins, Ashtead, IAG
Analysts at Canaccord Genuity raised their rating on business services firm Travis Perkins from 'hold' to 'buy' on Tuesday, following the group's successful demerger from Wickes.
Director dealings: Filta Group director lowers stake
Filta Group revealed on Tuesday that non-executive director Roy Sayers had disposed of 1. 20m ordinary shares in the AIM-listed commercial kitchen services provider.
Power Metal launches 'incubator' to support junior resource ventures
Metals exploration and development company Power Metal Resources has established a new wholly-owned subsidiary 'incubator' business named Power Capital Investments, it announced on Tuesday, which it will initially fund.
Ncondezi completes bridge loan to fund solar-battery project
Ncondezi Energy announced the completion of the $0. 5m bridge loan between its wholly-owned renewables subsidiary Ncondezi Green Power (NGP) and certain company directors on Tuesday, to finance the construction of its commercial and industrial 400kWp solar photovoltaic and 912kWh battery storage project in Mozambique.
FTSE 250 movers: AO World retreats; Frasers gains on share buyback
London’s FTSE 250 was down 0. 3% at 22,428. 08 in afternoon trade on Tuesday.
FTSE 100 movers: Ocado in the red; IAG boosted by upgrade
London's FTSE 100 was down 0. 4% at 6,942. 47 in afternoon trade on Tuesday.
US open: Major indices fall as tech stocks come under pressure
Wall Street stocks were in the red early on Tuesday after the Dow Jones and S&P 500 saw out the previous session in the green, with tech stocks under a particular amount of pressure at the start of trading.
Infrastrata tumbles as it announces plans to raise £9m in placing
Infrastrata shares tumbled on Tuesday after the company said it plans to raise a minimum of £9m in a placing, partly to carry out material fabrication works after securing its first major contract.
Shopper numbers ease as cold weather keeps people indoors
Cooler temperatures and rain dampened footfall on British high streets last week, industry data showed on Tuesday.
Canaccord Genuity ups Travis Perkins to 'buy' following Wickes demerger
Analysts at Canaccord Genuity raised their rating on business services firm Travis Perkins from 'hold' to 'buy' on Tuesday, following the group's successful demerger from Wickes.
VR Education platform reaches 100 customer milestone
Virtual reality (VR) technology company VR Education announced on Tuesday that its proprietary software platform ‘Engage’ has reached the milestone of 100 commercial customers.
Berenberg hikes target price on Ashtead
Analysts at Berenberg significantly raised their target price on building equipment provider Ashtead from 2,850. 0p to 4,850. 0p on Tuesday, citing the group's "ambitious" market share plans.
Pelatro enters framework agreement with existing large telco customer
Telecoms customer engagement software company Pelatro announced on Tuesday that an existing large Asia-based telco customer with around 230 million subscribers, and operating companies across multiple countries, had entered into a framework agreement with it for three years.
Panthera Resources allows term sheet with Galaxy to lapse
West Africa and India-focussed gold exploration and development company Panthera Resources announced on Tuesday that the term sheet with Galaxy Gold Mines had lapsed, effective 30 April.
S4 Capital ups targets after strong first quarter
Shares in S4 Capital sparked on Tuesday after the advertising firm upped revenue and profit targets following a strong start to the year.