The chief executive of Ted Baker is reportedly close to leaving the company six months after it was taken over by a giant American brands and entertainment conglomerate.
Financial markets' attention in the middle of the week would continue to be trained on the US.
European shares were lower on Tuesday amid another corporate earnings dump on either side of the Atlantic.
Miners were again at or near the bottom of the pile on Tuesday amid talk of souring sentiment towards China's economic reopening, not least as a result of the ever present geopolitical tensions over Taiwan.
Liberum lifted its price target on Asos to 700. 0p from 500. 0p on Tuesday and maintained its 'sell' rating as it sees "significant" risks in its strategy to improve profitability and remains unconvinced it will be able to fully deliver.
London's stock markets were still lower by the close on Tuesday, as investors looked ahead to key earnings reports from some of America’s largest tech names.
Home selling activity in the States picked up unexpectedly last month.
Consumer confidence in the US slipped as Americans soured on the outlook, especially those younger than 55 and belonging to households earnings more than $50,000.
Major indices were in the red early on Tuesday as traders digested a number of earnings reports.
Vodafone’s biggest shareholder, Emirates Telecommunications Group, has upped its stake in the London-listed firm and opened talks to push for changes on its board.
London’s FTSE 100 was down 0. 4% at 7,874. 37 in afternoon trade on Tuesday.
US house price growth continued to ebb, although at a more moderate pace, the results of a closely followed survey showed.
Manufacturing sector activity in states bordering the mid-southeastern US Atlantic coast deteriorated a bit more in April, the results of a survey revealed.
First-quarter profits came in ahead of expectations at Santander, the Spanish banking group confirmed on Tuesday, after a strong performance in Europe offset weakness elsewhere.
FTSE 250: 19,191. 43, −35. 51 (0. 18%)at 1430 BST.
Analysts at Canaccord Genuity issued security systems services firm Corero Network Security with a 'speculative buy' rating and 10. 0p target price on Tuesday after placing the stock under review.
Premier Inn owner Whitbread on Tuesday said full-year earnings had soared above pre-pandemic levels on the back of strong demand for hotel rooms after the lifting of Covid-19 travel restrictions and unveiled a £300m share buyback.
NatWest chair Howard Davies is to step down next year, the City veteran told shareholders on Tuesday.
Analysts at Berenberg dropped their target price on asset manager Liontrust from 1,100. 0p to 950. 0p on Tuesday as it said the group was "continuing to weather a challenging market".
Asia-Pacific focussed oil and gas producer Jadestone Energy reported 2022 revenue of $421. 6m in its preliminary results on Tuesday, up from $340. 19m in 2021.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.