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11 May
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US close: Major indices end session lower despite tech reversal

Wall Street stocks closed lower on Tuesday despite big-name tech stocks staging a late reversal.

11 May
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Europe close: Stocks down amid inflation worries, Travel and Leisure hardest hit

European shares fell back on Tuesday, tracking continued selling on Wall Street amid concern over rising US inflation and what some analysts said was fairly indiscriminate selling.

11 May
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Wednesday preview: US CPI, TUI AG in the spotlight

The focus in financial markets on Wednesday will be squarely on the latest consumer price inflation data due out in the States.

11 May
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London close: Stocks join global rout on inflation concerns

London stocks closed well below the waterline on Tuesday, joining a global rout as worries about rising inflation rattled markets.

11 May
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Teenage workers worst hit by unemployment rise during pandemic - ONS

The latest study from the Office of National Statistics revealed that younger people were hit hard by the pandemic, and early in the crisis, employment among 16-24-year-olds fell faster than for any other age group.

11 May
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Fed's Mester and ex- NY Fed's Dudley diverge on policy views

The debate around whether the US central bank's policies were too 'accommodative' or not and the cost-benefit trade off attached to them was continued on Tuesday.

11 May
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Broker tips: Victrex, Vodafone, Deliveroo

Analysts at Berenberg raised their target price on specialty chemicals firm Victrex from 2,100. 0p to 2,500. 0p on Tuesday, highlighting a first-half cyclical rebound and the potential for secular growth.

11 May
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Director dealings: Ocado director snaps up £12.94m in shares

Ocado Group revealed on Tuesday that non-executive director John Rausing had acquired 660,777 ordinary shares in the FTSE 100-listed grocer.

11 May
Copper
Metal Tiger's Kalahari holding begins drilling in Botswana

Natural resources investor Metal Tiger updated the market on its Botswana copper-focussed explorer Kalahari Metals on Tuesday, in which it currently holds a 50. 01% interest, with Cobre holding the remainder.

11 May
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Net losses widen for Lexington Gold

Carolinas-focussed gold exploration and development company Lexington Gold reported a net loss from continuing operations of $0. 7m (£0. 49m) in its final results on Tuesday, against its prior-year loss of $0. 5m.

11 May
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US job openings hit record high in March, JOLTS survey shows

Job vacancies in the US were at their highest level in two decades in March, exceeding the pace of hiring by 2. 0m, the most on record.

11 May
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Airbus tells suppliers it expects to increase output by 18% in 2022

Airbus told its key suppliers to get ready for an 18% increase in output of A320-family jets by the end of 2022.

11 May
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FTSE 250 movers: Playtech plunges; Greencore boosted by broker changes

London’s FTSE 250 was down 2. 5% at 22,128. 22 in afternoon trade on Tuesday.

11 May
victrex, plastics
Berenberg raises target price on Victrex

Analysts at Berenberg raised their target price on specialty chemicals firm Victrex from 2,100. 0p to 2,500. 0p on Tuesday, highlighting a first-half cyclical rebound and the potential for secular growth.

11 May
london-stock-exchange-lse
FTSE 100 movers: Renishaw, travel stocks slump

London’s FTSE 100 was down 2. 3% at 6,958. 11 in afternoon trade on Tuesday as worries about rising inflation battered equity markets.

11 May
wall street
US open: Stocks head south as rotation out of tech stocks continues

Wall Street stocks opened lower on Tuesday as yesterday's tech sell-off continued for another session.

11 May
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Chinese hotel chain Atour plans $2bn US IPO

China's Atour is looking into a potential initial public offering in the US that could value the hotel chain at $2bn.

11 May
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Kromek reports solid momentum through second half

Medical, security screening and nuclear detection technology company Kromek updated the market on its trading in the year just ended on Tuesday, confirming that after orders and shipments across its segments resumed in the final two months of the first half, it entered the second half with an “extensive” commercial pipeline and increased commercial activity.

11 May
opec
Opec reiterates global oil demand forecast for 2021

Opec reiterated its 2021 forecasts for world oil demand on Tuesday, as it nudged its predictions for global economic growth higher.

11 May
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Denmark's Hempel to acquire Farrow & Ball

High-end paint and wallpaper specialist Farrow & Ball is being sold to Danish coatings manufacturer Hempel Group, it was confirmed on Tuesday.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.