Market Report
US home price gains outpace forecasts in December
Home price gains in the States accelerated to a 30-month high in December, according to one of the most widely-followed gauges.
Dixons Carphone, Capita, EasyJet could be demoted from FTSE 100 in reshuffle
Dixons Carphone is likely to be demoted from the FTSE 100 index as part of the latest quarterly review on Tuesday evening, with Capita and EasyJet close to the drop zone and Intu Properties escaping for another day.
Broker tips: Moneysupermarket.com, Auto Trader, Marks&Spencer
Analysts at Credit Suisse downgraded their recommendation on Moneysupermarket. com after a 34% run higher for the shares over the previous four months took them near to their target price of 355. 0p.
Credit Suisse downgrades Moneysupermarket, shares correct lower
Analysts at Credit Suisse downgraded their recommendation on Moneysupermarket. com after a 34% run for the shares over the previous four months took them near to their target price of 355. 0p.
US GDP slows in fourth quarter, consumption revised higher
US economic activity slowed in the final stretch of 2016 as export growth cooled and a key measure of price pressures fell back.
Trump says increased military spending to come from 'revved up economy'
US President Donald Trump has said that the $54bn planned increase in military spending in the country's budget will be generated by a "revved up economy".
Netflix denies 'pay-as-you-go' streaming service plans
Streaming service Netflix has rejected reports that it has engaged in talks with mobile operators to introduce a 'pay as you go' option.
IWG full-year profit and revenue up, lifts dividend 13%
Workplace-as-a-service company IWG, formerly Regus, reported a rise in full-year profit and revenue, as it bumped up its dividend by 13%.
Virgin Money FY profit up 33%, lifts dividend
Virgin Money reported a 33% jump in pre-tax profit for 2016 as gross mortgage lending grew and the bank lifted its dividend.
China Nonferrous says avalanche to hit production at Pakrut mine
AIM-listed exploration and mining company China Nonferrous said on Tuesday that high levels of snowfall resulting in an avalanche and landslide have affected progress at its Pakrut gold project in the Republic of Tajikistan.
Target in sellers' crosshairs after fourth quarter earnings, poor guidance
Shares in Target careened lower after the company missed analysts' fourth quarter profit forecasts, while offering up worse-than-expected guidance.
Europe midday: Construction stocks higher for second day on Trump hopes
European stocks were holding slightly higher ahead of an eagerly awaited speech from US president Donald Trump later in the day and as inspectors from Greece's lenders headed back towards Athens.
Asia close: Region's bourses mixed as chances of March Fed hike reach 50%
Asian bourses ended the session on a mixed note despite a slightly higher close on Wall Street as traders waited on a speech from US president Donald Trump the next day and further Fed speak.
Tuesday newspaper round-up: Budget, post-Brexit rules, PPI complaints
Solid economic growth and strong tax receipts since the Brexit vote have put Philip Hammond on course to announce a drop in government borrowing when he presents his spring budget next week, a leading thinktank has predicted. The Resolution Foundation said it would be the first time since March 2014 that a chancellor could stand at the dispatch box and announce borrowing will be lower – not higher – than previously thought. - Guardian.
London midday: Stocks tread water as miners slump; Trump speech eyed
Stocks in London treaded water on Tuesday as investors looked ahead to US President Donald Trump's address to Congress later in the day, with heavily-weighted miners under the cosh as the dollar gained ground.
Interserve shelves dividend but reports underlying profit
Interserve has shelved its dividend following last week's warning that its exiting from the energy-from-waste market would cost more than expected.
Randall & Quilter raises £16.9m in share placing
Non-life insurance and investment specialist Randall & Quilter has conditionally raised gross proceeds of up to £16. 9m through the placing of 14. 4m shares at 117p each, which it plans to use partly to grow its core legacy acquisition activity.
Northern Ireland extends schools contract with Capita
The Northern Ireland Education Authority has extended its contract with Capita to provide ICT services for over 1,100 schools by two years in a deal worth more than £50m.
US pre-open: Stocks seen muted as attention turns to Trump speech
US futures pointed to a muted open on Wall Street on Tuesday as investors looked ahead to a key speech by President Donald Trump, who teased investors the day before with the promise of a "big" announcement on infrastructure.
Old Mutual reports solid Nedbank results, UK IFA acquisition
Old Mutual has reported solid annual results for 54%-owned South African banking subsidiary Nedbank and revealed that its wealth management arm has struck a deal to acquire Manchester-based financial adviser network Caerus Capital Group.