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09 May
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Sector movers: Interest rate sensitive issues drag on wider market

Real Estate and Homebuilders paced losses on the stock market after the bank holiday, as investors waited on the Bank of England's interest rate decision two days later.

09 May
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US small business confidence dips a bit more than expected in April, NFIB says

A closely followed gauge of small business sentiment plumbed a 10-year low last month as confidence in the economic outlook, as well for sales and earnings waned.

09 May
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Europe close: Stocks dip ahead of US CPI numbers

European stock markets drifted lower on Tuesday, as investors eyed US inflation data due out the next day, while shares in Swedish property company SBB slumped as it delayed its dividend payment and pulled a rights issue.

09 May
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Wednesday preview: US CPI in focus

All eyes in the middle of the week will be on the latest US Consumer Price Index data covering the month of April.

09 May
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London close: Stocks weaker ahead of BoE, US inflation

London’s equity markets closed in negative territory on Tuesday, after the long weekend for the King’s coronation.

09 May
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US open: Stocks dip as investor eye CPI, debt ceiling talks

Wall Street's main stock market gauges were trading slightly lower as investors waited on the release of the Consumer Price Index for April due out on the following day.

09 May
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Purplebricks no longer likely to generate cash in FY24, shares tumble

Purplebricks tanked on Tuesday after the estate agent said it no longer expects a return to cash generation in early FY24 and warned that any potential sale of the business would be expected to deliver returns to shareholders "materially below" the current share price.

09 May
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Broker tips: IAG, Intertek

Liberum reiterated its ‘buy’ recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

09 May
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Direct Line warns over rising motor claims

Direct Line said on Tuesday that average renewal premiums rose in the first quarter but warned that rising claims in its motor segment will put pressure on earnings.

09 May
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FTSE 100 movers: DCC in the red; IAG flies higher on broker notes

London’s FTSE 100 was down 0. 2% at 7,760. 23 in afternoon trade on Tuesday.

09 May
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Microsoft's LinkedIn to cut more than 700 workers

Microsoft subsidiary LinkedIn announced that it would be reducing its workforce by more than 700, becoming the latest US technology name to make layoffs.

09 May
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Tempur Sealy to buy Mattress Firm in $4bn deal

Tempur Sealy International said on Tuesday that it has agreed to buy Mattress Firm in a cash and stock deal valued at around $4bn.

09 May
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Novavax to cut global workforce by a quarter

Novavax is to cut a quarter of its workforce and slash spending, the US biotech said on Tuesday, as it looks to manage costs amid waning demand for its Covid vaccine.

09 May
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Director dealings: AstraZeneca CFO makes $1.5m sale, IHG chair buys in

At the top of the list of FTSE 350 director sells on Tuesday was AstraZeneca, whose chief financial officer sold almost $1. 5m worth of the company’s American depositary shares.

09 May
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Ryanair agrees $40bn deal with Boeing on 300 new planes

Ryanair has agreed a huge $40bn deal with Boeing on 300 new aircraft purchases over the next decade, the two companies said on Tuesday.

09 May
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Osirium Technologies makes good first-quarter progress

Cloud-based cybersecurity specialist Osirium Technologies reported positive first-quarter trading in an update on Tuesday.

09 May
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Capital Metals jumps on non-binding deal with LB Group

Mineral sands specialist Capital Metals has signed a memorandum of understanding (MoU) with titanium dioxide pigments and sponge manufacturer LB Group, it announced on Tuesday.

09 May
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Pearson hails opportunities in artificial intelligence

Pearson hailed the opportunities offered by Artificial Intelligence in a strategy update.

09 May
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Liberum reiterates 'buy' on IAG, lifts price target

Liberum reiterated its ‘buy’ recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles 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.