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Tuesday newspaper round-up: FirstGroup, Channel 4, JCB
Business secretary Kwasi Kwarteng has ordered a national security review of a takeover by a Chinese academic of a small Welsh manufacturer of graphene – the thinnest and lightest “supermaterial” known. In a rare move, Kwarteng instructed the Competition and Markets Authority (CMA) to review the planned takeover of Perpetuus Group by Taurus International or any companies associated with Dr Zhongfu Zhou. - Guardian.
EU officials raise doubts about Nvidia's Arm deal - report
Nvidia's $54bn purchase of Arm faces fresh opposition from EU officials after the UK's competition regulator raised concerns about the deal, according to a report.
Primary Health buys Cardiff medical centre for £4.5m
Primary Health Properties has bought a medical centre in Cardiff for £4. 5m to add to its portfolio.
Medica shares rise after company sets targets
Medica shares rose after the teleradiology group set out financial targets in a presentation to investors.
UK retail sales growth slows as demand subsides
UK retail sales growth slowed in August as demand unleashed after the end of lockdowns began to fizzle out, industry figures showed.
Germany probes Allianz over US fund losses - report
Germany's financial regulator is investigating Allianz over billions of dollars of losses at some of the group's US investment funds, according to a report.
China trade surplus beats expectations
China's trade surplus rose unexpectedly in August as exports surged despite Covid-19 shutdowns.
888 wins William Hill bid battle - report
888 Holdings has won the contest to buy William Hill's European operations by outgunning private equity rivals with a bid estimated at more than £2bn, according to a report.
Boris Johnson unveils £12bn tax rise for health and social care
Boris Johnson has announced a £12bn annual tax increase to fund higher health and social care spending that his critics said was unfair and inadequate.
Director dealings: IntegraFin shares knocked off highs by founder's sale
IntegraFin shares slumped on Tuesday after news broke that founder Michael Howard had sold a 1. 1% stake in the Transact owner the day before.
PIMCO funds to acquire Columbia Property Trust for $3.9nbn
Funds managed by PIMCO have inked a deal to acquire Columbia Property Trust, an investor in high-quality office buildings, for $3. 9bn including debt.
Broker tips: Michelmersch Brick Holdings, StanChart, Dechra Pharmaceuticals
Analysts at Canaccord Genuity hiked their target price for shares of Michelmersh Brick Holdings from 146. 0p to 162. 0p, pointing out to clients the company's good execution amid challenging circumstances and "strong" cash conversion.
Wednesday preview: Fed Beige Book in focus
Wednesday's focus in financial markets will be on the Federal Reserve's Beige Book, which will be published after the close of markets in the US.
Liberum cautious on durability of Covid boost for Dechra Pharmaceuticals
Analysts at Liberum hiked their target price for shares of Dechra Pharmaceuticals but kept their recommendation at 'sell', telling clients that they struggled to justify such a lofty valuation.
Morgan Stanley downgrades US equities to 'underweight', says growth pessimism excessive
Equity strategists at Morgan Stanley downgraded their recommendation for US stocks ahead of the final stages of what they termed a mid-cycle transition.
Euro area Q2 GDP, employment grow more quickly than expected
Economic growth and employment in the single currency bloc rebounded more strongly than first thought over the three months to June.
Europe close: Stocks dip as investors wait on ECB decision
European stocks were mostly lower on Tuesday as investors mulled over the latest reading on German investor sentiment, with all eyes on this week’s European Central Bank meeting.
London close: Stocks weaker as Johnson confirms tax hike
London stocks closed in the red on Tuesday, following gains in the previous session, as investors mulled Boris Johnson’s announcement of £12bn in tax hikes.
US pre-open: Stocks set for slightly higher start
Equity futures on Wall Street are pointing mostly higher as investors return after the Labor Day weekend.
US open: Stocks dip in early trading, analysts sound cautious note
Investors on Wall Street were exhibiting caution upon their return from the long Labor Day weekend.