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Director dealings: IntegraFin shares knocked off highs by founder's sale
IntegraFin shares slumped on Tuesday after news broke that founder Michael Howard had sold a 1. 1% stake in the Transact owner the day before.
PIMCO funds to acquire Columbia Property Trust for $3.9nbn
Funds managed by PIMCO have inked a deal to acquire Columbia Property Trust, an investor in high-quality office buildings, for $3. 9bn including debt.
Broker tips: Michelmersch Brick Holdings, StanChart, Dechra Pharmaceuticals
Analysts at Canaccord Genuity hiked their target price for shares of Michelmersh Brick Holdings from 146. 0p to 162. 0p, pointing out to clients the company's good execution amid challenging circumstances and "strong" cash conversion.
Wednesday preview: Fed Beige Book in focus
Wednesday's focus in financial markets will be on the Federal Reserve's Beige Book, which will be published after the close of markets in the US.
Liberum cautious on durability of Covid boost for Dechra Pharmaceuticals
Analysts at Liberum hiked their target price for shares of Dechra Pharmaceuticals but kept their recommendation at 'sell', telling clients that they struggled to justify such a lofty valuation.
Morgan Stanley downgrades US equities to 'underweight', says growth pessimism excessive
Equity strategists at Morgan Stanley downgraded their recommendation for US stocks ahead of the final stages of what they termed a mid-cycle transition.
Euro area Q2 GDP, employment grow more quickly than expected
Economic growth and employment in the single currency bloc rebounded more strongly than first thought over the three months to June.
Europe close: Stocks dip as investors wait on ECB decision
European stocks were mostly lower on Tuesday as investors mulled over the latest reading on German investor sentiment, with all eyes on this week’s European Central Bank meeting.
London close: Stocks weaker as Johnson confirms tax hike
London stocks closed in the red on Tuesday, following gains in the previous session, as investors mulled Boris Johnson’s announcement of £12bn in tax hikes.
US pre-open: Stocks set for slightly higher start
Equity futures on Wall Street are pointing mostly higher as investors return after the Labor Day weekend.
US open: Stocks dip in early trading, analysts sound cautious note
Investors on Wall Street were exhibiting caution upon their return from the long Labor Day weekend.
FTSE 250 movers: Meggitt slides; M&S boosted by UBS note
London’s FTSE 250 was down 0. 5% at 24,131. 62 in afternoon trade on Tuesday.
Marlowe acquires consulting firm Santia in £4.5m deal
Regulatory software and services provider Marlowe has acquired environmental safety testing and consultancy company Santia, it announced on Tuesday, for consideration of up to £4. 5m.
Meggitt tumbles as TransDigm says it won't make an offer
Meggitt shares tumbled on Tuesday after US aerospace manufacturer TransDigm said it does not plan to make an offer for the London-listed defence and aerospace engineer following "quite limited" due diligence information, clearing the way for Parker-Hannifin.
FTSE 100 movers: Ocado hit by UBS note; DS Smith rallies
London’s FTSE 100 was down 0. 4% at 7,158. 84 in afternoon trade on Tuesday.
Michael Saunders says Bank may need to hike rates in 2022
The Bank of England may need to raise interest rates over the "next year or so" if the UK economy continues to recover and inflation remains persistently higher than expected, a top official said.
Avantor to buy Masterflex in $2.9bn deal
US laboratory products provider Avantor has agreed to buy the Masterflex bioprocessing business from privately-held Antylia Scientific for $2. 9bn in cash.
Boku revenues, earnings rise in first half
Mobile payments and identity provider Boku reported a 38% rise in group revenues for its first half on Tuesday, to $34. 2m, with organic group revenue growth strong at 21%, excluding acquired Fortumo revenues.
Gamma Communications revenue rises 'strongly' in first half
Business communications provider Gamma Communications reported a 23% improvement in revenue in its first half on Tuesday, to £217. 4m.
Boris Johnson unveils £12bn tax rise for health and social care
Boris Johnson has announced a £12bn annual tax increase to fund higher health and social care spending that his critics said was unfair and inadequate.
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