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Wednesday preview: Barrage of US economic data due out
The market spotlight on Wednesday will fall on a barrage of economic data out of the US, including a reading on a key inflation indicator and the minutes of the Federal Reserve´s 2-3 November rate meeting.
London close: Stocks mixed as Biden's oil release does little to prices
London stocks closed in a mixed state on Tuesday, as the latest PMIs reinforced expectations of a rate hike next month, and the White House confirmed it was leading a coordinated release of oil reserves in a bid to suppress rising energy prices.
Broker tips: Barratt Developments, Crest Nicholson, GB Group, Big Yellow
Analysts at Berenberg upgraded construction firms Barratt Developments and Crest Nicholson from 'hold' to 'buy' on Tuesday, stating it was "challenging the rate rise narrative".
Liberum upgrades Big Yellow to 'buy', hikes target price
Analysts at Liberum upgraded their recommendation for shares of Big Yellow from 'hold' to 'buy', labelling the storage company's latest interims as "strong".
Director dealings: Maxcyte chairman makes share purchase
Maxcyte revealed on Tuesday that chairman Richard Douglas had acquired 20,000 ordinary shares in the AIM-listed cell-engineering company.
Kingswood to acquire Harrogate-based Metnor Holdings
Wealth and investment management group Kingswood Holdings has agreed to acquire the Harrogate-based Metnor Holdings, which owns IBOSS Asset Management and Novus Financial Services.
Turkish lira still in freefall
Turkey´s lira went into freefall on Tuesday after the country´s President said the country was fighting an "economic war of independence".
FTSE 250 movers: AO World tanks; Telecom Plus travels higher
London’s FTSE 250 was down 0. 6% at 23,296. 18 in afternoon trade on Tuesday.
Canaccord Genuity lowers target price on GB Group following Acuant acquisition
Analyst at Canaccord Genuity lowered their target price on software business GB Group from 1,000. 0p to 950. 0p on Tuesday following the firm's acquisition of Acuant last week.
US open: Stocks mixed as rising Covid-19 cases in Europe continue to weigh on sentiment
Wall Street stocks were mixed early on Tuesday as rising international Covid-19 cases remained in focus ahead of the Thanksgiving break.
US services sector activity dips unexpectedly in November
Business activity in the US slowed unexpectedly in November due to softness in services and with prices continuing to rise at a rapid pace, the results of a closely-followed survey revealed.
US to release 50m barrels from oil reserves in 'coordinated' effort
The Biden administration was preparing to release 50 million barrels of crude oil, it announced on Tuesday, in a first-time coordinated effort between countries to push gasoline prices lower.
FTSE 100 movers: Compass rallies on results; Halma heads lower
London’s FTSE 100 was up 0. 5% at 7,289. 07 in afternoon trade on Tuesday.
Hambro Perks planning first ever London Spac listing
Venture capital firm Hambro Perks said on Tuesday that it plans to raise up to £150m listing a special purpose acquisition vehicle (Spac) in London.
Deltic Energy completes 3D survey after Cairn farm-out
Natural resources investment company Deltic Energy announced on Tuesday that the 3D seismic survey over licence P2428 and its surrounding areas was now complete.
US pre-open: Futures mixed as rising Covid-19 cases in Europe weigh on sentiment
Wall Street futures were mixed ahead of the bell on Tuesday as rising international Covid-19 cases remained in focus.
Third-quarter sales spark at Best Buy, shares fall on outlook concerns
Shares in US electronics retailer Best Buy fell sharply on Tuesday despite third-quarter numbers beating expectations.
Marks & Spencer takes 25% stake in fashion brand Nobody's Child
Marks & Spencer said on Tuesday that it has bought a 25% stake in eco-conscious womenswear brand Nobody’s Child for an undisclosed sum, having worked with the business for a year.
High-speed grocery delivery firm Getir to buy rival Weezy
High-speed grocery delivery firm Getir has agreed to buy London-based rival Weezy for an undisclosed sum.
House sales plummet as stamp duty holiday ends
The number of homes sold in the UK tumbled by more than half last month, official data showed on Tuesday.