London stocks closed in the red on Tuesday, with housebuilders under particular pressure, while sterling regained some poise after hitting an all-time low versus the dollar a day earlier.
New home sales in the US jumped unexpectedly in August although economists cautioned that the figures had a track record for being quite volatile, adding that it remained to be seen if the gains were sustainable.
Orders for goods made to last more than three years dipped last month, even as those for capital goods appeared to stage a rebound.
West Africa-focussed Cora Gold updated the market on the definitive feasibility study for the Sanankoro Gold Project in southern Mali on Tuesday.
Knights Group reported a “positive start” to its new financial year in a trading update on Tuesday.
First Property Group reported further leasing and transaction activity in a trading update on Tuesday.
UK and Canada-focussed oil and gas company i3 Energy updated the market on its production on Tuesday, reporting that it recently reached a rate of 22,000 barrels of oil equivalent per day.
Ergomed reported a “strong” first half performance on Tuesday, with total revenue rising 24. 8% year-on-year to £69. 9m.
London’s FTSE 100 was up 0. 4% at 7,047. 29 in afternoon trade on Tuesday.
Video games publisher and developer tinyBuild reported first-half results “slightly ahead” of expectations on Tuesday, with revenue rising 54% year-on-year to $28. 8m on the back of a “strong” catalogue performance.
Analysts at Berenberg lowered their target price on chemicals company Johnson Matthey from 2,550. 0p to 2,200. 0p on Tuesday, citing higher discount rates and the wider de-rating of equity markets since its last update in May.
Mortgage Advice Bureau reported a 4% improvement in revenue in its first-half on Tuesday, to £96. 5m, as its gross profit was ahead 3% at £25. 4m.
Serica Energy reported a first-half operating cash flow of £312m on Tuesday, up from £72. 8m a year ago, after adjustments for hedge security.
Mobile payment technology company Boku reported first-half payments revenues of $30. 3m on Tuesday, down from $30. 7m, year-on-year, with its performance affected by the strength of the dollar against other major currencies.
Analysts at Citi upgraded their rating on testing laboratories company Intertek to 'buy' on Tuesday, citing further conviction in the firm's resources margin outlook.
The Bank of England’s chief economist said on Tuesday that the Bank is likely to deliver a "significant policy response" to the swathe of tax cuts announced in chancellor Kwasi Kwarteng’s mini-Budget last week.
Wall Street stocks were in the green early on Tuesday after the blue-chip Dow Jones closed at its lowest level in more than two years in the previous session.
US house price growth eased in July, according to the latest S&P CoreLogic/Case-Shiller national home price index.
The FTSE 250 was down 0. 45% to 17,642. 34 at 1410 BST.
Provident Financial Services said on Tuesday that it has agreed to buy Lakeland Bancorp, the parent company of Lakeland Bank, in a $1. 3bn deal.