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Tuesday newspaper round-up: Nuclear power, P&O Ferries, Apple
Boris Johnson has told nuclear industry bosses that the government wants the UK to get 25% of its electricity from nuclear power, in a move that would signal a significant shift in the country’s energy mix. Johnson on Monday met executives from major nuclear utilities and technology companies including the UK’s Rolls-Royce, France’s EDF, and the US’s Westinghouse and Bechtel to discuss ways of helping to speed up the development of new nuclear power stations.
Wednesday preview: Spring Statement, UK CPI in focus
The Chancellor will be facing a tough crowd when he delivers his Spring Statement what with inflation likely heading towards levels last seen in the 1990s and the ensuing cost-of-living crisis polinig the pressure on all segments of British society.
Sector movers: Banks and insurers track gains in government bond yields
Lenders' and insurers' shares paced gains on Tuesday as a top US central bank official laid out the case for moving "faster" to hike short-term interest rates.
US close: Stocks close higher as investors digest rate hike comments
Wall Street closed higher on Tuesday as market participants digested comments from Federal Reserve chairman Jerome Powell regarding rate hikes.
Europe close: Stocks grind higher with lenders' shares pacing gains
European shares finished higher as investors digested hawkish comments from US Federal Reserve chairman Jerome Powell which proved a boon for lenders' shares.
London close: Bank stocks lead gains after Powell comments
London stocks managed a positive finish on Tuesday, underpinned by a strong showing among banking plays, after the latest government borrowing figures and manufacturing data was released earlier.
Director dealings: Telecom Plus exec repurchases shares, Liontrust CEO sells to wife
Telecom Plus was at the top of the list of buys on Tuesday, after it disclosed two transactions made by its non-executive director.
Broker tips: TP Icap, Safestore
Shore Capital upgraded its stance on TP Icap on Tuesday to 'buy' from 'hold' on Tuesday following the company's results last week.
Trident receives inaugural gold offtake from i-80
Mining royalty and streaming company Trident Royalties announced on Tuesday that it has received its inaugural shipment under the gold offtake agreement with i-80 Gold Corporation.
FTSE 250 movers: TP Icap boosted by upgrade; Trustpilot falls
London’s FTSE 250 was 0. 6% firmer at 21,122. 13 in afternoon trade on Tuesday.
Two EU officials tell CNBC an immediate Russian oil embargo is unlikely
It's unlikely that Brussels will impose an immediate embargo on Russian oil, European Union officials said.
FTSE 100 movers: Banks rally; Auto Trader in the red
London’s FTSE 100 was up 0. 4% at 7,469. 29 in afternoon trade on Tuesday.
Stay 'overweight' US Financials as 3-10 year yield curve inverts, BoA says
Analysts at Bank of America recommended clients remained overweight US financials, arguing that many investors were overlooking not just changes in historical trends for the sector but also multiple positives.
US open: Stocks higher following Powell comments
Wall Street stocks were in the green early on Tuesday as market participants digested comments from Federal Reserve chairman Jerome Powell regarding rate hikes.
Carnival plots course back to profitability by start of summer
Carnival was awash in red ink at the start of the year even as it charted a course back towards full operations by summer.
MTI sells Russian operation to local manager
Radio frequency technology company MTI Wireless Edge announced the disposal of its Russian operations on Tuesday.
US pre-open: Futures in the green following Powell comments
Wall Street futures were pointing to modest gains ahead of the bell on Tuesday as market participants digested comments from Federal Reserve chairman Jerome Powell regarding rate hikes.
Trakm8 secures contract with Adiona Technologies
Telematics and data insight provide Trakm8 Holdings has scored a contract to provide data and devices to Adiona Technologies for its insurance propositions.
ShoreCap upgrades TP Icap, shares jump
Shore Capital upgraded its stance on TP Icap on Tuesday to ‘buy’ from ‘hold’ following the company’s results last week.
Camelot slapped with £3.15m fine from Gambling Commission
The Gambling Commission has slapped National Lottery operator Camelot Group with a £3. 15m fine as a result of a series of failures linked to its mobile app.
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