Market Report
US close: Stocks close higher as markets steady following tech sell-off in previous session
US stocks closed higher on Tuesday as a mild semblance of calm seemingly returned to markets following Monday's tech sell-off.
Broker tips: Burberry, Coca-Cola HBC
Bernstein upped its stance on shares of luxury brand Burberry to 'market perform' from 'underperform' on Tuesday, saying it sees a more balanced risk/reward following the drop in the share price last week after its full-year results.
Coca-Cola HBC share price reaction 'overdone', says Deutsche Bank
Analysts at Deutsche Bank believe that Monday's drop in bottling company Coca-Cola HBC's shares in reaction to the news that The Coca-Cola Company would keep its majority stake in Coca-Cola Beverages Africa "for the foreseeable future" was overdone.
Europe close: Stocks bounce back after White House grants Huawei temporary reprieve
Stocks on the Continent bounced back from the the previous day's drubbing on Tuesday after the US administration decided overnight to ease its restrictions on Chinese tech giant Huawei for three months.
London close: Stocks see timid bounce as investors weigh PM's withdrawal plans
London stocks edged higher on Tuesday on Tuesday, as investors digested the Prime Minister's offer to MPs of a possible second referendum on Brexit, subject to Parliament's approval, but only if they first backed her own proposed withdrawal bill.
May to allow MPs vote on second Brexit referendum, pound rallies
The Prime Minister said in a speech on Tuesday that she will offer MPs a vote on putting her deal to a second referendum if it passes the first stage of voting in Parliament.
FTSE 250 movers: Galliford Try builds up, Entertainment One trots lower
London's FTSE 250 was up 0. 46% at 19,424. 86 in afternoon trade on Tuesday, with Galliford Try leading the index higher.
US open: Stocks go green as Washington grants Huawei a reprieve
Wall Street trading began on a positive note on Tuesday as a mild semblance of calm seemingly returned to markets following Monday's tech sell-off.
Director dealings: Randall & Quilter co-founder lowers stake
Randall & Quilter revealed on Tuesday that deputy chairman and chief financial officer Alan Quilter had disposed of 500,000 ordinary shares in the investment firm.
Bernstein bumps Burberry up to 'market perform'
Bernstein upped its stance on shares of luxury brand Burberry to 'market perform' from 'underperform' on Tuesday, saying it sees a more balanced risk/reward following the drop in the share price last week after its full-year results.
Halfords FY profit hit by mild weather, 'weakened' consumer confidence
Halfords posted a drop in full-year profit on Tuesday as it pointed to "weakened" consumer confidence and mild winter temperatures.
FTSE 100 movers: Coca-Cola HBC recovers; EasyJet flies lower
London's FTSE 100 was up 0. 4% at 7,336. 19 in afternoon trade on Tuesday, off earlier highs but still in the green as investors welcomed an easing of US sanctions against China's Huawei.
US existing home sales unexpectedly drop in April - NAR
Sales of US existing home sales unexpectedly fell in April, according to data from the National Association of Realtors.
Peloton scraps IPO in favour of $1bn tie up with Merck
American drugs giant Merck has agreed to buy Peloton Therapeutics in a deal that could eventually be worth more than $2bn.
Itaconix receives first order for personal care polymer from Nouryon
Itaconix has received its first purchase order from Nouryon to supply its polymer for Nouryon's new ‘Amaze SP’ product, it announced on Tuesday, under the previously-announced exclusive global supply agreement for Nouryon to market Itaconix polymers in personal care applications.
VR Education experience launching on new Oculus headset
Education-focussed virtual reality technology company VR Education announced on Tuesday that its showcase experience ‘Apollo 11 VR’ has been selected by Facebook to be a launch title on the ‘Oculus Quest’ headset, which was launching globally.
Crossword launches new cybersecurity offer in partnership with Reliance
Crossword Cybersecurity announced on Tuesday that its consulting division has launched a new product, ‘virtual Chief Information Security Officer’ (vCISO), in partnership with IT security company Reliance.
Europe midday: Tech issues lead bounce in stock markets
Stocks on the Continent are bouncing back from the the previous day's thrashing after the US administration decided overnight to ease its restrictions on Chinese tech giant Huawei for three months.
OPG secures further hedge against coal price movements
OPG Power Ventures announced on Tuesday that it has secured a further hedge against the volatility of coal price movements, and has entered into a fixed-price coal purchase agreement for one million tonnes, representing around 60% of its annual coal requirements.
Hilton Food trades in line year-to-date
Food packing company Hilton Food Group has traded in line with expectations thus far in 2019, continuing to grow its business through additional volumes and close cooperation with retail partners.