London stocks managed a positive finish on Tuesday despite early weakness on Wall Street, as investors picked up some bargains following heavy losses in the previous session.
Ocado Group was at the top of a long list of director buys on Tuesday afternoon, after its non-executive chair spent more than £0. 1m on shares.
European shares put in a slight bounce following the heavy selling seen during the previous session.
London’s FTSE 100 was up 0. 8% at 7,274. 38 in afternoon trade on Tuesday as investors grabbed some bargains after Monday’s heavy losses.
The market spotlight on Wednesday will be firmly on the US and whether consumer price inflation did indeed peak in April as some economists have posited.
Shares of investment banking and brokerage services firms paced a modest bounce in the stockmarket on Tuesday, following a rout on Wall Street during the previous session.
Analysts at RBC Capital Markets lowered their target price on protein research tools producer Abcam from 1,950. 0p to 1,700. 0p on Tuesday in order to better reflect share price movements at competitors.
Falkland Islands and Britain-focussed specialist services provider FIH said in an update on Tuesday that trading activity was “heading back” to pre-pandemic levels, with its first-half progress continuing in the historically-stronger second half of the year.
Narrowband mesh network technology company CyanConnode has received its first order from IntelliSmart Infrastructure, it announced on Tuesday, for a smart metering deployment in Assam, India.
British Airways chief executive Sean Doyle plans to overhaul the airline's key management roles after a string of IT failures and flight cancellations.
Consumer products manufacturer and supplier Supreme reassured shareholders over the sale of McColl's Retail Group to the Morrisons division Alliance Property Holdings on Tuesday.
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BAE Systems, predicting that the defence engineering firm's order intake would accelerate throughout 2022 due to the escalation of the conflict in Ukraine.
Wall Street stocks were in the green early on Tuesday as stocks looked set to reclaim some of their recent heavy losses.
Challenger professional services firm DSW Capital said in an update on Tuesday that it had traded “strongly” since its December initial public offering, with revenue and adjusted pre-tax profit for the year just ended ahead of market expectations.
Neuroimaging contract research provider Ixico has entered a multi-party consortium for the early detection of Huntington's disease (HD), it announced on Tuesday.
Biopesticide and crop protection company Eden Research said on Tuesday that it has passed a “key milestone” in the United States for the approval of its products, ‘Mevalone’ and ‘Cedroz’.
The FTSE 250 was up 1. 38% at 19,574. 00 at 1449 BST.
Peloton shares crashed on Tuesday after the at-home fitness company posted worse-than-expected losses for the third quarter and downgraded its revenue guidance.
Fuel, food and feeds distributor NWF Group said in an update on Tuesday that it was still experiencing “exceptional” trading conditions in the fuels business.
Sony Group Corporation reported a jump in full-year revenues on Tuesday, but warned it may need to revise down sales forecasts for the current year if supply chain issues persist.
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