Chinese financial technology outfit Ant Group was forced to shelve what had been expected to be the world's largest initial public offering ever.
Aerospace and Defence names extended their gains from the preceding session on the back of analysts' upgrades, some of whom had pointed out that the historic valuation discount versus the broader market, defined as the Stoxx Europe 600, that they had reached in October.
European stocks continued to move higher at the start of November, brushing aside concerns about new Covid-19 lockdowns and turning their attention to the US elections.
London stocks closed firmly higher on Tuesday, with banks and housebuilders underpinning the gains as investors braced for the US presidential election.
All eyes on Wednesday will be on the result of the US presidential elections and whether Democrats are able to gain control of the Senate, the upper chamber of Congress.
Analysts at Canaccord Genuity slashed their target price on shares of coach and rail operator National Express.
Meal delivery giant Deliveroo has given JP Morgan the mandate, alongside Goldman Sachs, to manage its initial public offering, which could be unveiled within months, Sky News's Mark Kleinman reported.
Touchstone Exploration has placed 24,291,866 new shares with investors in the UK and Canada at 95p each, it announced on Tuesday, raising gross proceeds of £23. 1m, to continue exploration activities at Ortoire.
John Laing Group revealed on Tuesday that chief executive Ben Loomes had acquired 5,340 ordinary shares in the FTSE 250-listed infrastructure firm.
Independent Oil and Gas has awarded the rig contract for the first phase of its core project to a subsidiary of Noble Corporation, it announced on Tuesday.
Flooring company Victoria updated the market on the impact of the imminent one-month Covid-19 lockdown in England on Tuesday, explaining that, based on its experience of the UK-wide lockdown earlier in 2020, it believed that the second lockdown would make “little material difference” to it in the long run.
London’s FTSE 250 was up 1. 7% at 17,470. 61 in afternoon trade on Tuesday.
Wall Street stocks opened sharply higher on Tuesday as the polls opened for the US general election.
London’s FTSE 100 was up 2. 1% at 5,771. 08 in afternoon trade on Tuesday, as investors braced for the US presidential election.
Luxury carmaker Ferrari beat quarterly earnings estimates on Tuesday after having returned to full production capacity following Covid-19-related disruptions.
Analysts at Berenberg raised their target price on precision instrumentation supplier Spectris from 2,240. 0p to 2,425. 0p on Tuesday, citing the group's strong balance sheet.
Amigo Holdings shares slid on Tuesday after the guarantor lender said it has had to increase its provision for customer complaints over mis-selling and that it won't resume lending until 2021.
Trinidad and Tobago-focussed exploration and production company Trinity has entered into an agreement to acquire a package of seismic and well log data from Heritage Petroleum Company, it announced on Tuesday.
Telit Communications said on Tuesday that it had received a preliminary takeover approach from asset manager DBAY Advisors and a preliminary approach from California-based Lantronix.
Security services firm G4S confirmed on Tuesday that it had rejected a takeover offer from US rival Allied Universal.
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