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London close: Stocks end mixed ahead of key speech from Fed's Powell
London stocks ended Tuesday on a mixed note, although BP shares surged following the release of its latest set of results, even as investors eyed a speech by US Federal Reserve chair Jerome Powell scheduled for after the close.
Fed's Powell says message from last policy meeting was that "disinflation process" had begun
The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun.
Sector movers: Big Oil, Banks pace gains
Oil and Gas paced gains in the stock market on Tuesday as heavyweight BP pleased with its latest set of results.
Wednesday preview: Fedspeak, Bank of India in focus
America's central bank would continue to be the centre of attention in the middle of the week with several of its top officials set to take to the podium.
Europe close: Stocks end mixed ahead of speech by Fed's Powell
European shares traded mixed on Tuesday, as investors kept a weary eye on a policy speech by US Federal Reserve chairman Jerome Powell scheduled for later in the day.
Director dealings: Learnings Technologies director snaps up shares
Learning Technologies Group revealed on Tuesday that non-executive director Aimie Chapple had acuired 15,200 ordinary shares in the AIM-listed services and technologies provider.
Broker tips: Mattioli Woods, THG
Analysts at Canaccord Genuity lowered their target price on wealth management firm Mattioli Woods to 830. 0p from 850. 0p on Tuesday despite the group's "robust" interim results.
Liberum stays at 'hold' on THG
Analysts at Liberum reiterated their 'hold' rating on shares of The Hut Group on Tuesday, stating "cash remains king" for now.
Canaccord Genuity lowers target price on Mattioli Woods
Analysts at Canaccord Genuity lowered their target price on wealth management firm Mattioli Woods to 830. 0p from 850. 0p on Tuesday despite the group's "robust" interim results.
US open: Stocks lower ahead of Powell speech
Wall Street stocks were in the red early on Tuesday as traders awaited comments from the Fed's Powell.
FTSE 100 movers: BP, banks on the front foot
London’s FTSE 100 was up 0. 2% at 7,849. 41 in afternoon trade on Tuesday.
BP profits surge to record $27bn, unveils $2.75bn share buyback
BP more than doubled annual profits to a record $27. 6bn as the Ukraine war in sparked higher gas prices, fuelling more calls for tougher taxes on the sector as consumers face a 40% rise in bills this April.
Postal strikes called off after legal challenge
UK postal workers have called off a strike scheduled for later this month after a legal challenge from Royal Mail, the Communication Workers Union (CWU) said on Tuesday.
US foreign trade deficit widens a tad less than expected in January
America's shortfall on trade with the rest of the world widened by less than expected at the end of 2022, as import growth picked up.
Bitcoin miners Hut8, US Bitcoin agree all-share merger
Canadian bitcoin miner Hut 8 Mining and US Bitcoin have agreed to merge in an all-share deal.
React Group posts rise in FY profits, revenues
Specialist cleaning, hygiene and decontamination company React Group reported a jump in full-year profit and revenue on Tuesday as it struck a positive note on the outlook.
DuPont posts better-than-expected Q4 profits
Dupont posted better-than-expected fourth quarter profits and moderate growth in organic revenues.
FTSE 250 movers: Auction Tech US buy boosts shares; Morgan Advanced slides
FTSE 250: 20,277. 82, -0. 64% at 1343 GMT.
US pre-open: Futures mixed ahead of Powell speech
Wall Street futures were mixed ahead of the bell on Tuesday as traders await comments from Fed's Powell.
Numis sees 'very subdued' levels of equity issuance and corporate activity
Investment bank Numis said on Tuesday that the first four months of its financial year had seen a continuation of "the difficult market conditions" experienced throughout the 2022 trading year, with "very subdued levels" of equity issuance and corporate activity.