Wall Street stocks closed lower on Tuesday after seeing out the previous session at a record high.
The Iranian government warned the US against launching a military strike following reports that President Donald Trump asked for the available options last week to attacking Iran’s main nuclear site.
The market spotlight on Wednesday will shift back towards the Continent and Brexit as leaders from the European Union meet via videoconference.
European shares finished the session on a mixed note as some investors took profits and the euphoria over test results from a second Covid-19 vaccine fizzled out.
London stocks finished weaker on Tuesday, following another vaccine-inspired rally in the previous session, underperforming their European peers as sterling gained ground.
Intellectual property investment company Tekcapital has raised £0. 38m, it announced on Tuesday, to allow its Guident and Salarius investments to take advantage of new opportunities.
Meggitt: Berenberg upgrades to buy with a target price of 460p.
Industrial production in the US bounded ahead last month, led by gains in factory and utilities output, even as softness in the oil patch dragged on mining.
London’s FTSE 250 was down 0. 7% at 19,464. 83 in afternoon trade on Tuesday.
Derwent London revealed on Tuesday that chairman John Burns had disposed of 163,000 ordinary shares in the FTSE 250-listed property investor and developer.
US retail sales undershot forecasts in September and October as incomes fell, the mercury dropped and the pandemic strengthened.
Wall Street stocks opened lower on Tuesday after clinching a brand new record close in the previous session.
London’s FTSE 100 was down 1. 6% at 6,316. 52 in afternoon trade on Tuesday.
Automation specialist Blue Prism announced a “strong” full-year performance in a trading update on Tuesday, despite Covid-19 headwinds, with full-year bookings of £180m contributing to an expected 40% growth in revenues, in line with consensus expectations.
Sainsbury’s said on Tuesday that it has received "some very preliminary expressions of interest" in its banking unit.
The Co-Operative Bank has received a possible takeover approach, the hedge fund-owned lender revealed on Tuesday.
The Financial Conduct Authority has banned lenders from repossessing homes until February 2021 and extended mortgage payment holidays, it was confirmed on Tuesday.
Identity, credential management and security technology company Intercede announced a follow-on purchase order of $2. 8m on Tuesday.
Plumbing and heating products distributor Ferguson has bought US-based heating, ventilation and air conditioning wholesale distributor Old Dominion and geotextile company Atlantic Construction Fabrics (ACF) for an undisclosed sum.
Shares of Upper Crust owner SSP slid on Tuesday after Morgan Stanley downgraded the stock to ‘equalweight’ from ‘overweight’ and cut the price target to 320p from 330p following the recent vaccine-inspired rally.
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