Market Report
US close: Stocks extend losses despite some solid earnings
Wall Street stocks closed lower on Tuesday as market participants ignored solid quarterly earnings reports from some of the nation's largest companies.
Europe close: Stocks pummeled as investors rein in their bullishness
European shares slid from the record highs hit just the day before with most market commentary blaming rising numbers of Covid-19 infections around the world for the big drops.
London close: Tobacco makers lead stocks lower on US regulatory fears
London stocks were well below the waterline at the close on Tuesday, dragged down by heavy losses in tobacco makers' shares following a Wall Street Journal report that the US administration was mulling capping the level of nicotine in cigarettes.
Broker tips: Ten Entertainment, Esken, Associated British Foods
Berenberg has significantly raised its price target for Ten Entertainment Group, on expectations that the leisure operator was on course for a strong summer post lockdown.
Director dealings: Vast Resources CEO ups stake
Vast Resources revealed on Tuesday that chief executive Andrew Prelea had acquired 25. 0m ordinary shares in the AIM-listed mining company.
MaxCyte reports good performance despite Covid challenges
Cell engineering technology company MaxCyte reported a 21% year-on-year improvement in revenues in its final results on Tuesday, to $26. 2m (£18. 74m), despite the challenges of the Covid-19 pandemic.
ShoreCap stays at 'buy' on ABF, hails strong showing for Primark
Analysts at Shore Capital reiterated their 'buy' stance for shares of Associated British Foods, highlighting the strong showing for Primark stores since the UK economy began to reopen.
US open: Market participants ignore solid earnings, stocks continue on downward trajectory
Wall Street stocks were in the red again early on Tuesday as market participants ignored solid quarterly earnings reports from some of the nation's largest companies.
Avacta reports positive data for Covid-19 test product
Diagnostics and cancer therapies developer Avacta announced positive data from the clinical validation of its ‘AffiDX’ SARS-CoV-2 antigen lateral flow test on Tuesday.
Renalytix AI upbeat on new study findings
Renalytix AI announced the findings of a new study in which the commercially-available ‘KidneyIntelX’ test accurately predicted the progression of diabetic kidney disease (DKD) in a multinational cohort from the CANagliflozin CardioVAScular Assessment Study (CANVAS), with early-stage DKD.
Canaccord Genuity keeps Esken 'under review' following disposal news
Analysts at Canaccord Genuity took a fresh look at aviation and energy company Esken on Tuesday following the group's eagerly anticipated announcement regarding the future of Stobart Air and the Carlisle Lake District Airport.
London midday: Stocks drop, tobacco and travel stocks pace losses
Stocks had lurched clearly lower come midday, dragged down by heavy losses in tobacco makers' shares following a Wall Street Journal report that the US administration was mulling capping the level of nicotine in cigarettes.
US pre-open: Futures point to losses as earnings season carries on
Wall Street futures were in the red again before the open on Tuesday as quarterly earnings from some of the nation's largest companies continued to roll in.
Europe midday: Tobacco stocks a drag on markets
European shares slid lower on Tuesday after record highs a day earlier, as shares in tobacco companies took a beating on reports of plans to cut nicotine levels in cigarettes sold in the US.
Brickability delivers 'solid' FY trading performance despite pandemic-related 'operational challenges'
Construction materials group Brickability said on Tuesday that it had delivered "a solid trading performance" in the year ended 31 March, with annual revenues and adjusted underlying earnings both projected to be ahead of previous expectations.
Europe open: Shares run out of puff on US nicotine cut report
European shares made a subdued start on Tuesday after record highs a day earlier, as tobacco companies fell on reports of plans to cut nicotine levels in cigarettes sold in the US.
Asia report: Markets mixed as China stands pat on interest rates
Markets were mixed in Asia on Tuesday, as investors digested the latest interest rates decision out of China.
ABF announces record Primark sales, to return furlough money
Associated British Foods said that its bottom line more than halved over the first six months of the financial year, even as it announced record sales at Primark stores since they reopened.
Advanced Medical Solutions gets CE-mark for Seal-G MIST
Surgical and advanced wound care-focussed Advanced Medical Solutions has received CE-mark approval for its laparoscopic gastrointestinal sealant device ‘Seal-G MIST’, it announced on Tuesday.
Focusrite launches new commercial audio brand
Music and audio technology company Focusrite announced the launch of a new brand ‘Optimal Audio’ on Tuesday, to operate in the commercial audio market.