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Broker tips: Direct Line, Morgan Advanced Materials, Melrose Industries, Pan African Resources
Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 165. 0p from 235. 0p, stating the industry-wide turn to deflation meant that the time to raise prices ahead of inflation without materially contracting the policy count has now passed.
Director dealings: Travis Perkins CEO snaps up shares
Travis Perkins revealed on Tuesday that chief executive Pete Redfern had acquired 249,218 ordinary shares in the FTSE 250-listed builders' merchant.
Berenberg raises target price on Pan African Resources
Analysts at Berenberg raised their target price on Pan African Resources from 34. 0p to 45. 0p on Tuesday after the group announced that it had agreed to acquire Australia's Tennant Consolidated Mining Group.
US open: Stocks build on record highs
Wall Street trading got off to a positive start on Tuesday after closing at fresh record highs in the previous session.
US pre-open: Futures lower following Monday's record close
Wall Street futures were in the red ahead of the bell on Tuesday after closing at fresh record highs in the previous session.
Genel Energy lowers net debt position
Oil company Genel Energy said on Tuesday that it had significantly lowered its net debt position throughout the first nine months of the trading year.
Raspberry Pi strikes strategic partnership with Italy's SECO
Single-board computer designer Raspberry Pi has inked a strategic partnership with Italian internet-of-things solutions business SECO ahead of the launch of its Compute Module 5 product.
Diversified Energy reports Q3 net loss of $1m
Gas and oil production company Diversified Energy reported a net loss of $1. 0m for the three months ended 30 September amid a continued focus on debt repayments and additional undeveloped land sales.
Drax FY underlying profits set to top £1bn
Power generation business Drax said on Tuesday that full-year profits looked set to top £1. 0bn on the back of a strong performance from its electricity and pellet business.