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Wednesday preview: US retail sales, Barclays in the spotlight
The market spotlight in the middle of the week will continue to be on the US, where a raft of activity indicators were due out.
Europe close: Stocks end session mostly higher despite US CPI data
European shares finished mostly higher on Tuesday but well off their best levels following the release of a stronger-than-expected reading for US consumer prices.
London close: Stocks mixed amid hotter-than-hoped US inflation
London stocks were mixed at the close on Tuesday, as investors mulled faster-than-expected inflation in the US, while unemployment in the UK remained stable.
US CPI increases more quickly than expected in January
The cost of living in the US increased by more than expected at the start of 2023, as energy and shelter costs pushed up on headline and core inflation.
Haydale consortium secures Innovate UK grant
Haydale Graphene has secured £0. 26m in funding from Innovate UK, it announced on Tuesday, to develop imaging techniques that characterise 2D materials, including graphene.
Broker tips: Impact Healthcare, EasyJet, Drax
Analysts at RBC Capital Markets slightly lowered their target price on real estate investment trust Impact Healthcare from 125. 0p to 120. 0p on Tuesday as it reduced its earnings forecasts following the trust's recent trading update.
Prospex inks Italy gas sales deal with BP
Prospex Energy has signed an 18-month gas sales agreement with BP Gas Marketing, it announced on Tuesday, for its Podere Maiar-1 production facility in Italy.
Director dealings: Victrex director makes share purchase
Victrex revealed on Tuesday that non-executive director Janet Ashdown had acquired 1,039 ordinary shares in the FTSE 250-listed polymer products maker.
Air India to buy 470 Airbus, Boeing jets in massive order
Air India has placed a massive order for 470 Boeing and Airbus aircraft, reflecting the pace of growth in an increasingly affluent country that is also rebounding from the Covid pandemic.
Strip Tinning confident after disappointing year
Strip Tinning, a specialist connection system supplier to the automotive sector, reported confidence after a somewhat disappointing 2022 in an update on Tuesday.
Investec downgrades Rathbones on valuation grounds
Investec downgraded wealth manager Rathbones to ‘hold’ from ‘buy’ on Tuesday after the shares outperformed the sector by over 30% in the past 12 months, making the risk/reward dynamic less attractive.
FTSE 250 movers: Tullow slips on Ghana tax row; Drax lifted by TP upgrade
FTSE 250: 20,132. 85, +0. 04% at 1524 GMT.
TUI sees 'encouraging' summer bookings as Q1 losses narrow
Holiday operator TUI said summer bookings were up 20% and reported a narrowing of first-quarter losses as travel continued to rebound from the effects of the Covid pandemic.
FTSE 100 movers: Coca-Cola, Vodafone in the black
London’s FTSE 100 was up 0. 4% at 7,980. 20 in afternoon trade on Tuesday, having come within a whisker of the 8,000 mark earlier.
Fed's Barkin says US inflation coming down slowly
A top US central bank official said that policymakers may need to take interest rates higher than previously expected if inflation continued to run too fast.
US open: Stocks slightly higher as investors digest CPI report
Wall Street stocks were in the green early on Tuesday despite the all-important consumer price index registering a larger than expected increase in January.
Altitude Group set for record year-end result
Altitude Group is set to exceed current market expectations for the current financial year ending in March, according to a trading update it released on Tuesday.
Investor pessimism hits 12-month low in February, BofA says
The so-called 'pain trade' in risk assets was still up because investors around the world continued to exhibit caution, the results of BofA's monthly fund manager survey found.
Challenger Energy agrees sale of St Lucia subsidiary
Challenger Energy, an oil and gas company focused on the Caribbean and Americas region, announced the sale of its St Lucia-based subsidiary Caribbean Rex on Tuesday for a total value of $1. 5m (£1. 23m).
Petro Matad reports slow progress at Block XX
Mongolian oil explorer Petro Matad reported progress on a number of fronts in an operational update on Tuesday.