London stocks retreated on Tuesday, but finished the session well off their lows, dragged lower by worries about the spread of coronavirus in China and a stronger pound, as solid UK jobs data weakened the case for a rate cut by the Bank of England.
Hardide revealed on Tuesday that co-founder Yuri Zhuk had sold 208,775 ordinary shares in the AIM-listed coatings manufacturer.
The focus around the world on Wednesday will continue to be on the World Economic Forum in Davos.
Jefferies downgraded its stance on shares of private healthcare provider Spire Healthcare to ‘underperform’ on Tuesday, as it said the rally since 3 October, when it upgraded to ‘hold’, gives an "unfavourable risk/reward" to the stock.
Sainsbury's will let go "hundreds" more managers as it continues to try and integrate Argos, which it purchased in 2016, into its own stores.
Wall Street trading began with some losses on Tuesday as traders returned from the Martin Luther King Jr Day holiday to concerns over a new strain of pneumonia in China.
London’s FTSE 250 was down 0. 6% at 21,716. 42 in afternoon trade on Tuesday.
London’s FTSE 100 was down 0. 6% at 7,602. 20 in afternoon trade on Tuesday amid growing concerns about the coronavirus spread in China.
Integumen announced on Tuesday that its subsidiary Labskin has signed a memorandum of understanding with Innocare Group.
JPMorgan Cazenove downgraded its stance on shares of posh tonics maker Fevertree to ‘neutral’ from ‘overweight’ on Tuesday and slashed the price target to 1,500p from 2,400p following the company’s second profit warning in two months.
Franchised motor retailer Cambria Automobiles announced the acquisition of one Aston Martin franchise and one Rolls-Royce Motor Cars franchise in Edinburgh on Tuesday, from the administrator of Leven Cars Group.
Technology and media platform developer Entertainment AI said on Tuesday that both its motoring-focused Youtube channel and its Tagasauris artificial intelligence subsidiary had made some solid progress during 2019.
Uber has struck a deal to sell its Indian food delivery service to local food app Zomato.
Stocks on the Continent were trading lower on Tuesday, with the selling seen during the Asian session amid a host of concerns continuing to weigh on investor sentiment in European trading hours.
Advanced surface coating technology company Hardide has conditionally raised £2. 5m before expenses by way of a placing, it announced on Tuesday.
Training and support provider Pennant International Group has exchanged contracts to acquire Australia-based Absolute Data Group (ADG), it announced on Tuesday.
Citi has downgraded its rating on Morgan Stanley, arguing that the bank is already fairly valued.
Construction software specialist Elecosoft said on Tuesday that results for the year to the end of December are expected to be ahead of the prior year and in line with market expectations despite "difficult" trading conditions.
Advanced aerospace composite supplier Velocity Composites has received approval from Boeing to supply structural composite material kits for its single aisle narrowbody jet platform, it announced on Tuesday.
Dixons Carphone reported a rise in electricals revenue over the festive period but a drop in mobile sales on Tuesday as it said it was on course to deliver on its full-year expectations.
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