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Derwent London raises FY expectations for rental growth
Property development firm Derwent London raised full-year expectations for rental growth on Tuesday as demand for new office space across London began to rebound, driven by the UK's vaccine rollout efforts.
Britain's used car market surges in Q2, says SMMT
Britain's used car market grew 108. 6% in the second quarter of 2021, according to the Society of Motor Manufacturers and Traders, with 2. 16m vehicles changing hands during the period.
Asia report: Markets mostly higher, Krafton disappoints on debut
Stock markets in Asia-Pacific were mostly higher by the end of Tuesday, with Seoul’s bourse being the notable exception, as video games developer Krafton plunged on its debut.
London close: Flutter figures help FTSE touch one-month high
London stocks managed a positive finish on Tuesday, with Paddy Power owner Flutter Entertainment riding high after well-received results, and investors mulling the latest retail sales data.
US close: Markets mixed as reopening plays see-saw
Wall Street closed mixed again on Tuesday, after a rise in new cases of Covid-19 cases knocked both the Dow Jones Industrial Average and the S&P 500 off their all-time highs in the previous session.
Europe close: Stocks edge higher despite soft survey readings
European stocks edged higher on Tuesday even after a closely-followed survey revealed investors' concerns of a new wave of Covid-19 infections, including in China and the knock-on effect for exports.
Wednesday preview: US CPI, Prudential in focus
Wednesday will see the release of the week's key economic indicator, the US consumer price index for July.
Broker tips: Helios Towers, Hargreaves Lansdown, Babcock
Analysts at Berenberg raised their target price on telecommunications tower infrastructure group Helios Towers from 203. 0p to 224. 0p on Tuesday, stating they believe the shares offered scope for "material upside over the medium term".
Director dealings: Workspace director makes share purchase
Workspace Group revealed on Tuesday that non-executive director Duncan Owen had acquired 5,560 ordinary shares in the FTSE 250-listed real estate investment trust.
United Oil offloads Italian operations
United Oil & Gas announced on Tuesday that, as part of the ongoing optimisation of its portfolio and capital allocation strategy, it has signed a conditional sale and purchase agreement with PXOG Marshall for the sale of all of the share capital of UOG Italia for €2. 165m in cash.
Tower Resources inks binding farm-out deal in Cameroon
Africa-focussed oil and gas company Tower Resources has executed a binding heads of agreement over a farm-out to Beluga Energy, of a 49% non-operating working interest in its Thali production sharing contract in Cameroon, it announced on Tuesday.
Beeks trading in line as it launches new cloud service
Beeks Financial Cloud Group announced the launch of ‘Proximity Cloud’ on Tuesday, which it described as “the industry's first” private cloud environment for financial markets.
RTC surges after securing Network Rail contract
Shares of AIM-listed RTC surged on Tuesday after subsidiary Ganymede secured a contract with Network Rail to provide frontline labour services, including the supply of safety critical, track, civil, electrification and plant and signalling resources nationally.
Robinhood to buy Say Technologies for $140m
Robinhood has agreed to buy retail investor relations platform Say Technologies for around $140m in cash.
FTSE 250 movers: Watches of Switzerland, IWG gain after results
London’s FTSE 250 was up 0. 5% at 23,578. 52 in afternoon trade on Tuesday.
US open: Stocks trade higher after Dow Jones gets knocked off record high
Wall Street stocks opened higher on Tuesday after a rise in new cases of Covid-19 cases knocked both the Dow Jones Industrial Average and the S&P 500 off their all-time highs in the previous session.
US labour productivity grows slightly less quickly than expected in Q2
Labour productivity in the US grew a tad less quickly than anticipated during the second quarter.
FTSE 100 movers: Flutter flies higher on results; M&G drops
London’s FTSE 100 was up 0. 1% at 7,142. 45 in afternoon trade on Tuesday.
Equifax to buy Appriss Insights for $1.83bn
US data, analytics and technology company Equifax has agreed to buy Appriss Insights for $1. 83bn.
JPM ups Babcock target price and backs turnaround
JP Morgan backed Babcock International's turnaround plan as the bank increased its target price for the engineering group's shares.
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