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Director dealings: Savannah Energy CEO ups stake
Savannah Energy revealed on Tuesday that chief executive Andrew Knott had acquired 9. 23m ordinary shares in the AIM-listed independent energy company.
Virgin Atlantic creditors to vote on £1.2bn rescue package
The future of Richard Branson’s Virgin Atlantic airline hung in the balance on Tuesday as creditors were set to vote on a £1. 2bn rescue deal to help it survive in a post-coronavirus industry.
US close: Mixed session following weak consumer sentiment data
Wall Street stocks turned in a mixed performance on Tuesday as signs of potential progress in trade talks between the US and China where offset by some weaker-than-expected consumer confidence data.
Sector movers: Cyclicals pace losses after weak reading on US consumer confidence
Cyclical stocks were broadly lower on Wednesday following the release of a weaker than expected reading on US consumer confidence for the month of August that served to knock shares lower across the globe.
Europe close: Weak US consumer confidence knocks stocks off their perch
Stocks surrendered early gains on Wednesday, finishing on a mixed note following the release of weaker than expected data for US consumer confidence.
London close: Stocks hit by weak reading on US consumer confidence
London stocks finished well off their session highs on Tuesday despite signs of progress in Sino-US trade relations, as a weaker than expected reading on US consumer sentiment weighed on investor sentiment.
Wednesday preview: US durable goods orders, BoE's Haldane in focus
Financial markets' focus will shift back towards the UK and US in the middle of the week, although the economic calendar is quite sparse.
Broker tips: Ashtead, Bunzl
Analysts at JP Morgan slightly raised their revenue and underlying earnings estimates for equipment rental company Ashtead on Tuesday ahead of the group's first-quarter results in early September.
US new home sales beat expectations in July
Sales of new US single-family homes rose more than expected in July, according to figures released on Tuesday by the Commerce Department.
US consumer confidence deteriorates in August
US consumer confidence deteriorated in August as a rise in new coronavirus cases dented sentiment, according to a survey released on Tuesday.
US open: Dow turns red following surprise slump in consumer confidence
Wall Street stocks were mixed after the bell on Tuesday as signs of potential progress in trade talks between the US and China where offset by some weaker-than-expected consumer confidence data.
SSP pledges to listen to shareholders after pay revolts
SSP said would keep listening to shareholders after almost a third of votes were cast against the company's remuneration report at its annual general meeting.
FTSE 250 movers: Cineworld rallies again; James Fisher retreats
London’s FTSE 250 was down 0. 4% at 17,623. 74 in afternoon trade on Tuesday.
FTSE 100 movers: Aveva rallies on acquisition; CRH falls
The FTSE 100 was down 0. 3% at 6,086. 49 in afternoon trade on Tuesday.
Aveva buys US tech firm OSIsoft for $5bn
UK software group Aveva said it had agreed to buy US-based real-time data software maker OSIsoft for $5bn including debt.
JP Morgan raises estimates on Ashtead ahead of Q1 results
Analyst at JP Morgan slightly raised their revenue and underlying earnings estimates for equipment rental company Ashtead on Tuesday ahead of the group's first-quarter results in early September.
Co-operative Bank to close 18 branches, cut 350 jobs
The Co-operative Bank said on Tuesday that it plans to close 18 branches and cut around 350 roles, pointing to low interest rates, economic uncertainty and a shift to online banking.
Tuesday broker round-up
Bunzl: RBC Capital Markets reiterates underperform with a target price of 2,000p.
Europe midday: Trade news boosts stocks, travel issues lead
Stocks are holding onto their early gains thanks to the positive headlines out overnight from the biannual phase-one trade deal review between Beijing and Washington.
US pre-open: China trade call boosts sentiment
Wall Street futures had stocks opening higher ahead of the bell on Tuesday on signs of potential progress in trade talks between the US and China.
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