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Tuesday newspaper round-up: Haulage industry, William Hill, Facebook
The haulage industry has urged Boris Johnson to step up “lacklustre” efforts to tackle a shortage of 100,000 HGV drivers, telling him to act now on supply chains or face a Christmas crisis. Bosses of multiple trade bodies and businesses in the trucking and food industries have written to the prime minister saying not enough had been done to resolve the crisis and urging him to intervene personally. - Guardian.
Essentra mulls filters sale in shift to components only
Essentra said it was considering selling its filters business as a first step to becoming a pure-play components business as the company said its results were on track to meet full-year expectations.
Reckitt ups guidance as cold and flu sales rise
Reckitt Benckiser upgraded its 2021 revenue outlook as sales of cold and flu remedies helped the consumer goods company reported stronger than expected third-quarter trading.
Amazon to host UK spy agencies' data - report
The UK's spy agencies have signed a deal with Amazon for the tech giant to host classified material to boost the use of data analytics and artificial intelligence in espionage, according to a report.
THG Q3 revenues grow
E-commerce company The Hut Group said on Tuesday that revenues had grown year-on-year during the third quarter of 2021.
Retail prices to rise before Christmas - BRC
UK shoppers face rising prices in the run-up to Christmas after the cost of goods increased for the third month running, the British Retail Consortium said.
Director dealings: Superdry chairman ups stake
Superdry revealed on Tuesday that chairman Peter Sjölander had acquired 150,000 ordinary shares in the FTSE 250-listed clothing retailer.
US close: Major indices little changed at end of session
Wall Street stocks ended the session much the same as they started them on Tuesday.
Europe close: Stocks move higher going into US tech results
European shares jumped on Tuesday, as strong earnings from Facebook overnight were augmented by solid results from UBS and Reckitt Benckiser.
Broker tips: Softcat, Hummingbird Resources, Hollywood Bowl, Ocado
Analysts at Numis downgraded their recommendation for shares of Softcat from 'add' to 'hold' after the IT infrastructure provider delivered what they termed an in-line set of full-year results.
London close: Stocks finish firmer as Reckitt, Whitbread rally
London stocks finished in positive territory on Tuesday, as bourses in the US added to Monday’s record highs in early trading, with sentiment underpinned locally by well-received results from the likes of Reckitt Benckiser and Whitbread.
Wednesday preview: Autumn Budget, GSK in focus
All eyes on Wednesday will be on the Chancellor´s budget statement, although according to Barclays Research, Rishi Sunak is unlikely "to alter the contours of the already restrictive policy mix meaningfully".
Arden Partners surges on all-share offer from Ince Group
Small and mid-cap investment banking advisory firm Arden Partners saw its shares rocket higher on Tuesday afternoon, after an all-share offer for the company was announced by the Ince Group.
BT said to be boosting defences against possible Altice bid
BT shares surged on Tuesday following a report the telecoms group has moved to strengthen its defences against a possible takeover bid by French billionaire Patrick Drahi, by hiring advisory firm Robey Warshaw.
Cambridge Cognition secures contract for 'sizeable' schizophrenia trial
Digital brain health technology company Cambridge Cognition has secured a contract for a further sizeable schizophrenia trial with an existing customer, it announced on Tuesday.
FTSE 250 movers: Essentra gains after update; Darktrace drops again
London’s FTSE 250 was up 0. 9% at 23,145. 14 in afternoon trade on Tuesday.
US open: Stocks up early as earnings continue to roll in
Wall Street trading began on a positive note on Tuesday after the Dow Jones registered yet another record close in the previous session.
FTSE 100 movers: Reckitt rallies on results; Entain slides
London’s FTSE 100 was up 0. 7% at 7,269. 73 in afternoon trade on Tuesday.
Entain shares slide as DraftKings walks away
Entain shares tumbled on Tuesday after US-based DraftKings said it will not be making a firm offer for the London-listed gambling group.
Bank of America forecasts negative price returns for S&P 500 over next decade
Equity strategists at Bank of America told clients to focus on dividends and growth given their forecast for slightly negative price returns for the S&P 500 over the coming decade.