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US close: Stocks end session lower following PPI reading
Wall Street stocks closed in the red on Tuesday as market participants digested some key inflation data.
Wednesday preview: US CPI, Asos in the spotlight
All eyes on Wednesday will be on the latest consumer price inflation numbers in the States.
Europe close: Stocks little changed in cautious trading
European shares drifted slightly lower in cautious trade on Tuesday as investors eyed a key US inflation report due out the next day.
London close: Financials and resources drag FTSE lower
London stocks closed below the waterline on Tuesday, as investors sifted through the latest US inflation reading, although AB Foods was on a tear after results.
Broker tips: Savills, IAG, Ideagen, ITM Power, BT
Numis has upped both profit forecasts and its price target for Savills after a buoyant update from the upmarket estate agent.
Faron Pharmaceuticals wins dispute with Rentschler at tribunal
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Tuesday that the arbitration tribunal appointed by the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) had ruled in its favour in its case against Rentschler Biopharma.
Babcock-led partnership awarded 100m gbp electronic warfare contract
The Ministry of Defence has awarded a £100m contract to a consortium of firms led by Babcock to "deliver cutting-edge electronic warfare systems to the Royal Navy".
Director dealings: Genel Energy CEO makes share sale
Genel Energy revealed on Tuesday that chief executive Bill Higgs had disposed of 240,061 ordinary shares in the London-listed exploration and production firm.
FTSE 250 movers: Oxford Instruments declines; Watches of Switzerland surges
London’s FTSE 250 was down 0. 5% at 23,414. 79 in afternoon trade on Tuesday.
US open: Stocks trade lower following PPI report
Wall Street stocks were in the red early on Tuesday as market participants digested some key inflation data.
System1 files trademark complaint in US court
System1 announced on Tuesday that, on 27 September, its US and UK subsidiaries System1 Research Incorporated and System1 Research Limited, filed a complaint for trademark infringement, unfair competition and deceptive trade practices.
FTSE 100 movers: AB Foods rallies on results; DCC drops
London’s FTSE 100 was down 0. 3% at 7,275. 86 in afternoon trade on Tuesday.
Corporate governance overhaul set to be 'scaled back' - report
Plans to ramp up the UK's corporate governance and audit rules have been partially scaled back, it was reported on Tuesday.
Numis ups profit forecast, target price for Savills
Numis has upped both profit forecasts and its price target for Savills after a buoyant update from the upmarket estate agent.
Shepherd Neame swings to loss after Covid closures
Pub group Shepherd Neame said on Tuesday that it swung to a full-year loss as it took a hit from pub closures due to Covid restrictions.
Revenues fall, losses narrow for Genedrive
Near-patient molecular diagnostics company Genedrive reported revenue of £0. 7m in its final results on Tuesday, down from £1. 1m year-on-year.
Core producer prices in the US rise a tad less quickly than expected in October
Wholesale prices in the US rose a tad less quickly than expected last month and price pressures were easing in some chapters "at the margin", some economists said.
Deutsche Bank lowers IAG target price in anticipation of higher fuel costs
Analysts at Deutsche Bank reiterated their 'buy' stance for shares of IAG but cut their short-to-medium term profit estimates for the carrier in anticipation of higher fuel costs.
Canaccord Genuity raises target price on Ideagen
Analysts at Canaccord Genuity raised their target price on software and services firm Ideagen from 325. 0p to 350. 0p on Tuesday, stating its recent acquisition of CompliSpace complemented the group "in all the right places".
Supply issues, Brexit and wage pressures set to stagnate UK economy
Supply chain disruptions and a slump in consumer confidence are set to see the UK economy stagnate in the medium-term, a major economic think tank said on Tuesday.
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