European shares bounced back partially on Tuesday with lenders catching a bid, mirroring gains in the States.
The cost of living in the US continued to ease last month, roughly by about as much as expected last month.
FTSE 250: 19,098. 67, +1. 45% at 1455 GMT.
Merchant bank Close Brothers said on Tuesday that it had been a "challenging" first half, posting a drop in profits as it was hit by provisions related to the Novitas loan book.
Aerospace and Defence issues paced gains come Tuesday as the broader stock market appeared to find its footing.
London stocks rebounded on Tuesday, following a tumultuous start to the week as concerns over the fallout from the collapse of Silicon Valley Bank gripped the markets.
Analysts at Berenberg raised their target price on gaming outfit Flutter Entertainment from 13,800. 0p to 16,000. 0p on Tuesday as the group's US outperformance continues at pace.
Craneware revealed on Tuesday that chief executive Keith Neilson had acquired 3,484 ordinary shares in the AIM-listed software firm.
Carolinas-focussed explorer and developer Lexington Gold announced on Tuesday that it has secured a $0. 15m unsecured loan facility from a wholly-owned subsidiary.
Turnaround investor Volvere said in an update on Tuesday that revenue from continuing operations in 2022 came in at £38. 03m, up from £30. 61m year-on-year.
London’s FTSE 100 was up 1. 1% at 7,633. 42 in afternoon trade on Tuesday.
Wall Street stocks were firmly in the green at the opening bell on Tuesday as market participants digested key inflation data.
Meta Platforms, the parent company of social media giant Facebook, announced the laying off of an additional 10,000 employees on Monday as part of its ongoing effort to increase efficiency and improve financial performance.
Specialist audio visual distributor Midwich Group reported a record financial performance and further market share gains in its final results on Tuesday.
Hydrogen energy specialist ITM Power announced an agreement with Power On Connections on Tuesday, to increase its power supply at Bessemer Park by 300%.
Smart Metering Systems (SMS), a company that installs and manages smart meters, energy data, grid-scale battery storage, and other carbon reduction (CaRe) assets, reported a strong full-year performance on Tuesday, with revenue up 25% to £135. 5m.
Global music and audio products maker Focusrite said in an update on Tuesday that its first half profits were in line with board expectations, which remained unchanged for the full year.
Citi lifted its price target on Rolls-Royce on Tuesday to 255p as it cited "a clear route to much better cash flow".
Apollo Global Management and Blackstone have reportedly expressed interest in buying a book of loans held by collapsed California lender Silicon Valley Bank.
Standard and Poor's raised its rating for Rolls Royce long-term debt with a positive outlook.
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