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US close: Major indices end session lower despite tech reversal
Wall Street stocks closed lower on Tuesday despite big-name tech stocks staging a late reversal.
Europe close: Stocks down amid inflation worries, Travel and Leisure hardest hit
European shares fell back on Tuesday, tracking continued selling on Wall Street amid concern over rising US inflation and what some analysts said was fairly indiscriminate selling.
Wednesday preview: US CPI, TUI AG in the spotlight
The focus in financial markets on Wednesday will be squarely on the latest consumer price inflation data due out in the States.
London close: Stocks join global rout on inflation concerns
London stocks closed well below the waterline on Tuesday, joining a global rout as worries about rising inflation rattled markets.
Teenage workers worst hit by unemployment rise during pandemic - ONS
The latest study from the Office of National Statistics revealed that younger people were hit hard by the pandemic, and early in the crisis, employment among 16-24-year-olds fell faster than for any other age group.
Fed's Mester and ex- NY Fed's Dudley diverge on policy views
The debate around whether the US central bank's policies were too 'accommodative' or not and the cost-benefit trade off attached to them was continued on Tuesday.
Broker tips: Victrex, Vodafone, Deliveroo
Analysts at Berenberg raised their target price on specialty chemicals firm Victrex from 2,100. 0p to 2,500. 0p on Tuesday, highlighting a first-half cyclical rebound and the potential for secular growth.
Director dealings: Ocado director snaps up £12.94m in shares
Ocado Group revealed on Tuesday that non-executive director John Rausing had acquired 660,777 ordinary shares in the FTSE 100-listed grocer.
Metal Tiger's Kalahari holding begins drilling in Botswana
Natural resources investor Metal Tiger updated the market on its Botswana copper-focussed explorer Kalahari Metals on Tuesday, in which it currently holds a 50. 01% interest, with Cobre holding the remainder.
Net losses widen for Lexington Gold
Carolinas-focussed gold exploration and development company Lexington Gold reported a net loss from continuing operations of $0. 7m (£0. 49m) in its final results on Tuesday, against its prior-year loss of $0. 5m.
US job openings hit record high in March, JOLTS survey shows
Job vacancies in the US were at their highest level in two decades in March, exceeding the pace of hiring by 2. 0m, the most on record.
Airbus tells suppliers it expects to increase output by 18% in 2022
Airbus told its key suppliers to get ready for an 18% increase in output of A320-family jets by the end of 2022.
FTSE 250 movers: Playtech plunges; Greencore boosted by broker changes
London’s FTSE 250 was down 2. 5% at 22,128. 22 in afternoon trade on Tuesday.
Berenberg raises target price on Victrex
Analysts at Berenberg raised their target price on specialty chemicals firm Victrex from 2,100. 0p to 2,500. 0p on Tuesday, highlighting a first-half cyclical rebound and the potential for secular growth.
FTSE 100 movers: Renishaw, travel stocks slump
London’s FTSE 100 was down 2. 3% at 6,958. 11 in afternoon trade on Tuesday as worries about rising inflation battered equity markets.
US open: Stocks head south as rotation out of tech stocks continues
Wall Street stocks opened lower on Tuesday as yesterday's tech sell-off continued for another session.
Chinese hotel chain Atour plans $2bn US IPO
China's Atour is looking into a potential initial public offering in the US that could value the hotel chain at $2bn.
Kromek reports solid momentum through second half
Medical, security screening and nuclear detection technology company Kromek updated the market on its trading in the year just ended on Tuesday, confirming that after orders and shipments across its segments resumed in the final two months of the first half, it entered the second half with an “extensive” commercial pipeline and increased commercial activity.
Opec reiterates global oil demand forecast for 2021
Opec reiterated its 2021 forecasts for world oil demand on Tuesday, as it nudged its predictions for global economic growth higher.
Denmark's Hempel to acquire Farrow & Ball
High-end paint and wallpaper specialist Farrow & Ball is being sold to Danish coatings manufacturer Hempel Group, it was confirmed on Tuesday.