Market Report
US close: Markets manage to hold on to gains
Wall Street indices managed to keep their head above water by the close on Tuesday, having opened on a downbeat note following two days of gains, as investors looked ahead to key inflation data that was set for release the next day.
Market buzz: Sky and BT win most Premier League TV rights
1920: English Premier League football TV broadcasting rights for the three seasons beginning 2019/20 have been decided - well most of them. BT Sport and Sky Sports have defended well, keeping most of the games for a cost of £4. 46bn, with two of the seven live broadcasting packages still to be confirmed by the EPL, which said there was "interest from multiple bidders". BT Group has secured a package of 32 games per season for a total across the three seasons of £885m.
Sky and BT cut spending on Premier League football TV rights
Most Premier League football live broadcast packages for the three seasons beginning 2019/20 have been agreed, with Sky and BT Group picking up the bulk of games for £4. 5bn.
Europe close: Stocks off as Wall Street dips, single currency gains
European shares struggled to make headway on Tuesday, despite positive finishes overnight on Wall Street and in Asia as still wary investors kept a wary eye on Wall Street amid moderate gains in the euro.
HSBC cuts target for Inmarsat on FX headwinds
Analysts at HSBC maintained their 'hold' rating on shares of mobile communications service provider Inmarsat on Tuesday, pointing out that as most of the firm's revenues, costs and capex were recorded in US dollars, recent gains in the pound would leave a dent in the firm's EBITDA.
Broker tips: BP, Smiths, Imperial Brands
Morgan Stanley downgraded its view on shares of BP by one notch from 'overweight' to 'equalweight', predicting that management would continue to prioritise debt reduction over the dividend payout.
London close: Stocks dip as CPI comes in ahead of forecasts
London's top-flight index ended the session little changed, even as the pound rallied on a higher than expected reading from the Office for National Statistics on consumer prices for January, increasing expectations that the Bank of England will hike interest rates in the spring.
Bridgewater's Dalio fears rising risk of US recession
Bridgewater Associates founder Ray Dalio said on Monday that the risks of a recession hitting in the next 18 to 24 months are rising.
FX round-up: Pound lifted by inflation data, dollar falls ahead of its own CPI
Sterling gained strength on Tuesday after UK inflation figures came out stronger than expected, while the dollar also fell against the euro and the yen.
US open: Stocks dip, threatening two-day climb
Trading began on Wall Street began on a bit of a down note on Tuesday following two days of gains, as investors looked ahead to key inflation data that was set for release the next day.
Director dealings: Learning Technologies bosses sell to meet 'institutional demand'
Two high ranking directors of workplace e-learning service Learning Technologies Group collected £2. 25m apiece after selling ordinary shares in the firm on Tuesday as part of an effort to "satisfy institutional buying demand. ".
Ryanair will pay over 100m euros more to pilots after union protests
Budget carrier RyanAir has announced that the 20% increase in salaries it's negotiating with its pilots will push its costs €100m higher next year.
Wednesday preview: US inflation data 'key' to stock market correction
Tuesday's US inflation reading is seen as crucial to many traders and analysts, with eurozone GDP unlikely to surprise and UK company results coming from the likes of Galliford Try and Shire.
UNILAD team to join Gfinity's Elite Series
Esports entertainment group Gfinity announced on Tuesday that UNILAD Esports - a team backed by its online media namesake - has acquired a place to compete in the third season of the Gfinity Elite Series, taking place at the Gfinity Esports Arena in London in March and April.
Surge in electric car sales applies strains global battery supply chain, says Oxford Economics
Over the past few years the belief that electric vehicle sales would rise exponentially, and that the automotive industry as a whole was heading into a period of rapid technological change, took off on the back of heightened concerns about air quality and global warming.
MobilityOne subsidiary delivers new app for Meghna Bank
E-commerce infrastructure payment solutions and platform provider MobilityOne announced on Tuesday that its 55%-owned subsidiary in Bangladesh, Mobility i Tap Pay, has developed a mobile banking app for Meghna Bank.
Morgan Stanley downgrades BP, cuts target for Shell
Morgan Stanley downgraded its view on shares of BP by one notch from 'overweight' to 'equalweight', predicting that management would continue to prioritise debt reduction over the dividend payout.
FTSE 250 movers: Inmarsat comes down to earth; Polypipe in favour
The FTSE 250 was struggling to make it into positive territory on Tuesday as Inmarsat shares came down to earth after a downgrade from HSBC.
Audioboom to combine with audio software giant Triton
Podcast audio-on-demand platform operator Audioboom announced its intention to acquire the entire issued share capital of Triton Digital Canada - the parent company of Triton Digital - for a cash consideration of $185m (£134m) on Tuesday, subject to adjustment for normalised working capital.
FTSE 100 movers: Tui rallies on results; Imperial Brands hit by downgrade
London's FTSE 100 was up 0. 2% to 7,189. 45 in afternoon trade on Tuesday, as investors digested the latest inflation figures.