Wall Street stocks closed sharply lower on Tuesday, twelve months to the day that the Covid-19 pandemic bull market began as stocks tumbled 30% at the fastest pace in history.
RBC Capital Markets lifted its stance on Bunzl shares on Monday to ‘sector perform’ from ‘underperform’ and upped the price target to 2,270p from 2,200p following a de-rating.
The market spotlight in the middle of the week will shift to UK inflation.
European shares ended on a mixed note on Tuesday after Germany confirmed an extended lockdown into Easter as it tried to combat the third wave of Covid-19 infections currently spreading across the Continent, sparking fears of a delay to economic recovery.
The Spanish government said on Tuesday it will be lifting a ban on travel from Britain at the end of March.
London stocks closed in negative territory on Tuesday, with travel and leisure issues under pressure ahead of tighter border restrictions, while concerns about a third coronavirus wave in Europe and tensions between China and the West also weighed on sentiment.
British Airways and Iberia parent IAG has secured a $1. 76bn revolving credit facility with a syndicate of banks, using take-off and landing rights at both Heathrow and Gatwick airports as collateral.
Land Securities revealed on Tuesday that chief executive Mark Allan had disposed of 33,164 ordinary shares in the FTSE-100 listed landlord.
Alliance Pharma reported a 4% fall in statutory revenue in its preliminary results on Tuesday, to £129. 8m, although it said performance from its consumer healthcare brands was “strong”, with that division now accounting for more than two thirds of group see-through revenues.
Research and information company YouGov reported revenue growth of 3% in its first half on Tuesday, with underlying growth of 9% to £79m, and a “solid” sales pipeline said to be weighted towards the second half of the financial year.
Hartford Financial Services Group has rejected a $23bn takeover approach from US non-life insurer Chubb, it confirmed on Tuesday.
New home sales undershot economists' forecasts by an enormous margin last month.
French carmaker Renault announced on Tuesday it would produce three new hybrid SUV models in its “second home” Spain.
Fevertree: Barclays upgrades to buy with a target price of 2,500p.
Wall Street stocks were mixed at the opening bell on Tuesday, twelve months to the day that the Covid-19 pandemic bull market began as stocks tumbled 30% at the fastest pace in history.
Scientific instrument technology investor and developer Judges Scientific reported a 3. 2% fall in revenues in its final results on Tuesday, to £79. 9m, which included a 12. 3% decline on an organic basis.
London’s FTSE 250 was down 0. 4% at 21,378. 47 in afternoon trade on Tuesday.
Team has launched a hostile takeover approach for fellow Aim stock Tavistock Investments, after the fund manager refused to engage with its first approach.
Rolls-Royce will seek help from the Norwegian government to "find another option" after the sale of its Bergen marine engine business to Russia’s TMH Group was blocked by Norway on national security grounds.
London’s FTSE 100 was down 0. 2% at 6,714. 25 in afternoon trade on Tuesday.
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