Market Report
Tuesday newspaper round-up: Twitter, carbon tax, SFO
Pressure on the government to help those hardest hit by Britain’s cost of living crisis has intensified after the head of one of the country’s leading employers’ groups said immediate support was a “moral imperative”. Tony Danker, the director-general of the CBI, said Rishi Sunak should step in to provide assistance to households skipping meals as a result of rising food and fuel bills. - Guardian.
US close: Stocks close higher following retail sales data
Wall Street stocks closed sharply higher on Tuesday as market participants digested last month's retail sales data.
Wednesday preview: UK CPÎ, Burberry in focus
The market spotlight on Wednesday will fall on consumer price inflation in the UK.
Europe close: Stocks move higher despite divisions among analysts
European shares were still firmly in the black on Tuesday, having taken the lead from strong gains in Asia as investors punted on a potential lifting of Covid restrictions in China.
London close: Stocks rise, sterling strengthens on jobs data
London stocks managed another positive finish on Tuesday, with the pound pushing higher as well, as investors mulled the latest UK jobs data.
Broker tips: Homeserve, Next, Diploma
Analysts at Berenberg lowered their target price on home repairs and improvements business Homeserve from 1,260. 0p to 1,205. 0p on Tuesday, stating a bid from Brookfield Asset Management's infrastructure fund appeared to be approaching.
FTSE 250 movers: ContourGlobal surges on deal news; TI Fluid in the red
London’s FTSE 250 was up 0. 5% at 20,014. 56 in afternoon trade on Tuesday.
FTSE 100 movers: Imperial Brands rallies; Unilever dented by downgrade
London’s FTSE 100 was up 0. 6% at 7,507. 12 in afternoon trade on Tuesday.
US open: Stocks trade higher following April retail sales data
Wall Street stocks were firmly in the green early on Tuesday as market participants digested last month's retail sales data.
NatWest mulling business lending tech venture with Belgium's Aion
NatWest Group could soon launch an online-based lender for small businesses, it emerged on Tuesday, in a bid to attract small-to-medium enterprises that might usually be seen as uneconomic by the big banks.
US retail sales jump past forecasts in April
Americans continued splashing out much more than expected last month, especially on automobiles.
ECB's Knot opens door to possible 50bp interest rate hike
One of the European Central Bank's most hawkish officials opened the door to a possible 50bp interest rate hike if needed.
Wizz Air planning to set up Maltese subsidiary
Wizz Air said on Tuesday that it was planning to set up a Maltese subsidiary.
Berenberg lowers target price on Homeserve
Analysts at Berenberg lowered their target price on home repairs and improvements business Homeserve from 1,260. 0p to 1,205. 0p on Tuesday, stating a bid from Brookfield Asset Management's infrastructure fund appeared to be approaching.
Walmart Q1 earnings fall short of expectations
US department store and grocery giant Walmart posted quarterly earnings that fell considerably short of estimates on Tuesday as rising costs of food and fuel weighed on the retailer.
Abingdon Health wins 'significant' rapid Covid test contract
Rapid test developer and manufacturer Abingdon Health announced a “significant contract” with a European customer on Friday, for the production of lateral flow device (LFD) components for a Covid-19 antigen test.
T42 wins security seal order from Bulgaria
Container and freight security and monitoring technology company T42 IoT Tracking Solutions announced a commercial order from security seal supplier Olimp Bulgaria on Tuesday.
Osirium signs first United States customer
Cloud-based cybersecurity and automation software company Osirium has signed its first customer in the United States, it announced on Tuesday, via one of its channel partners.
Credit Suisse slashes price target on Next
Credit Suisse slashed its price target on Next on Tuesday to 6,450p from 8,025p as it argued the stock is higher risk than it looks.
Van Elle ends year ahead of recently-hiked expectations
Ground engineering contractor Van Elle said in an update on Tuesday that the elevated demand in its core markets, as detailed in its interim results in January, continued through the second half.