Market Report
JP Morgan raises year-end 2021 target for S&P 500
Strategists at JP Morgan raised their year-end target for the S&P 500 and told clients that they did not anticipate that the Delta Covid-19 variant would derail the reopening of economies.
Wednesday preview: Public sector borrowing, Royal Mail Group in focus
The focus on home shores on Wednesday will be on public sector net borrowing data for June.
Europe close: Stocks put in timid bounce
European shares staged a small bounce on Tuesday as bargain hunters stepped in, but some analysts remained quite cautious regarding the outlook for stocks in the immediate future.
London close: Stocks claw back some of Monday's losses
London stocks managed a positive close on Tuesday, recovering some ground following heavy losses in the previous session, but with rising Covid-19 cases still weighing on investors' minds.
Broker tips: Boku, Rolls-Royce, Begbies Traynor
Berenberg has upped its price target for tech firm Boku after the group's first-half trading performance beat expectations.
Nasdaq to spin-off private company platform
Nasdaq has teamed up with several of Wall Street's largest firms to spin-off its platform for investors in private companies.
Director dealings: Chemring CEO makes share sale
Chemring Group revealed on Tuesday that chief executive Michael Ord had disposed of 165,284 ordinary shares in the FTSE 250-listed aerospace, defence and security products firm.
Cloudcall revenues rise as recruitment sector recovers
Cloud-based communications technology company Cloudcall reported a 10. 4% improvement in total revenues in its first half on Tuesday, to £6. 4m, with recurring and repeating revenues representing 93. 9% of the total.
FTSE 250 movers: Hochschild shines; Spire drops again
London’s FTSE 250 was up 1% at 22,160. 40 in afternoon trade on Tuesday.
US open: Stocks rally following variant fuelled sell-off in previous session
Wall Street stocks were sharply higher early on Tuesday as major indices looked set to crawl back some of the heavy losses recorded in the previous session.
FTSE 100 movers: Housebuilders rally; Just Eat gives back gains
London’s FTSE 100 was up 0. 5% at 6,878. 75 in afternoon trade on Tuesday.
FireAngel makes positive first-half progress
Home safety technology company FireAngel reported positive first-half progress on Tuesday, describing improved performance, and sales growth in-line with its expectations.
Rotala turns small profit as some bus passengers return
Bus operator Rotala reported a “small” profit after tax of £0. 81m in its first half in an update on Tuesday, swinging from a loss of £3. 8m a year earlier.
Berenberg ups price target, revenue estimates for Boku
Berenberg has upped its price target for tech firm Boku, after first half trading beat expectations.
China Evergrande Group tumbles as Beijing tightens oversight of sector
Shares of China's second-largest property developer by sales tumbled again on Tuesday after reports of an asset freeze.
Order book growing again at the 600 Group
Industrial engineering company the 600 Group updated the market on its full year of trading on Tuesday, reporting a 20% fall in revenue to $53. 5m (£39. 35m), which it put down to the impact of the Covid-19 pandemic.
US housing starts surprise to the upside in June, but permits drop
US homebuilding activity bounced back last month but forward-looking indicators pointed to weakness ahead.
Begbies Traynor FY results come in ahead of original expectations
Corporate restructuring specialist Begbies Traynor said on Tuesday that it had put on a "strong" full-year performance in the twelve months ended 30 April, with the firm's results coming in ahead of original expectations.
Rolls-Royce shares offer 'significant long-term value', says Citi
Shares of engine maker Rolls-Royce offer "significant long-term value", Citi said on Tuesday.
Philip Morris posts earnings beat despite falling short of revenue expectations
Tobacco giant Philip Morris International posted a second-quarter net income of $2. 17bn on Tuesday, up from $1. 95bn a year earlier.