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Wednesday preview: Fed meeting, Russia-Ukraine talks in focus
All eyes on Wednesday will be on the US Federal Reserve as its rate-setters meet to decide on policy.
Sector movers: Cyclicals dragged lower by uncertainty around Ukraine conflict
Cyclicals dragged on the market on Tuesday amid a big drop in Auto and Parts stocks as a result of the ongoing war in Ukraine, which some analysts expected would seriously crimp output across the entire Continent due to the absence of certain components produced in the Eastern European country.
Europe close: Stocks only slightly lower even as Putin says Kyiv 'not being serious' in talks
European shares were slightly lower on Tuesday as talks between Russian and Ukrainian negotiators continued, Chinese Covid cases climbed, and oil prices continued to retreat.
London close: Miners lead losses as FTSE finishes weaker
London stocks closed in negative territory on Tuesday, having taken their cue from heavy losses in Asia, as investors mulled economic data including the latest UK jobs figures.
Berenberg cuts target for IAG on expected hit to fuel prices and capacity from conflict
Analysts at Berenberg cut their target price for shares of IAG due to the expected impact of higher fuel prices in the wake of the invasion of Ukraine.
Director dealings: Croda counsel's associate invests almost £0.1m
Croda International was at the top of the buyers’ list on Tuesday, after it disclosed a purchase worth almost £0. 1m linked to its general counsel.
FTSE 250 movers: Petropavlovsk battered; Redde Northgate rallies on update
London’s FTSE 250 was down 1% at 20,262. 17in afternoon trade on Tuesday.
Broker tips: Vitec, Aptitude Software
Analysts at Berenberg lowered their target price on live streaming technology outfit Vitec from 1,840. 0p to 1,590. op on Tuesday but stated the firm had still delivered a "solid recovery" and a "positive outlook" for 2022.
US open: Stocks in the green as Fed policy meeting kicks off
Wall Street stocks were in the green at the open on Tuesday as traders remained concerned about the ongoing Russia-Ukraine conflict and a spike in Covid-19 cases in China ahead of the Federal Reserve's all-important interest rate decision.
FTSE 100 movers: Precious metals miners fall; Pearson rallies
London’s FTSE 100 was down 0. 6% at 7,151. 31in afternoon trade on Tuesday.
Applied Graphene inks distribution deal with Taiwan's Rayoung
Applied Graphene Materials has signed an exclusive distribution agreement with Taiwan-based Rayoung Chemtech, it announced on Tuesday.
United Oil rises on latest Abu Sennan drilling
United Oil updated the market on the drilling of the ASD-2 development well in the Abu Sennan licence, onshore Egypt on Tuesday, where it holds a 22% working interest in the licence operated by Kuwait Energy Egypt.
Sancus revenue to fall 'slightly below' expectations
Sancus Lending Group said in a trading update on Tuesday that it was expecting revenue of about £9. 0m for the 2021 financial year, down from £10. 9m in 2020, and “slightly below” its previous expectations.
Active Energy gets FSC certification for 'CoalSwitch' fuel
Energy pellet producer Active Energy announced on Tuesday that it has achieved ‘Chain of Custody’ (CoC) and ‘Controlled Wood’ certification for its ‘CoalSwitch’ fuel, compliant with the Forest Stewardship Council (FSC) standards.
Mobile Streams raises £1.2m for new joint venture with Gfinity
Mobile content and data company Mobile Streams announced on Tuesday that it has raised £1. 2m before expenses, to create a new joint venture with Gfinity.
URU falls after latest results from Zebediela drilling
URU Metals announced results from the most recent phase of exploration drilling on the Zebediela Nickel Project on Tuesday, through its investment in Zeb Nickel Corporation.
Gresham House sees AUM rise in 'year of significant growth'
Alternative asset manager Gresham House detailed a "year of significant growth" on Tuesday, with assets under management rising both organically and through acquisitions.
Strong Germany performance to lift Hargreaves Services results
Industrial and property service provider Hargreaves Services announced further improvements to its expected trading results for year ending 31 May on Tuesday, due to a strong performance at its German joint venture Hargreaves Raw Materials Services (HRMS).
US producer prices edge past forecasts in February, amid surge in energy costs
Wholesale price pressures in the US edged past forecasts last month amid a spike in energy prices.
Bezant upbeat on latest work at Hope and Gorob
Copper-gold exploration and development company Bezant updated the market on the Hope and Gorob drill programme on Tuesday, targeting previously-untested near-surface mineralisation.
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