Full List Of Stories
Diversified Energy tumbles as Snowcap says dividend cut looks imminent
Diversified Energy tumbled on Tuesday after Snowcap Research said the company may not have enough funds to cover the cost of plugging its inactive wells and that a dividend cut looks imminent.
Broker tips: Prudential, Victrex
JPMorgan Cazenove reiterated its ‘overweight’ rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.
FTSE 100 movers: StanChart and Prudential rally on China news
London’s FTSE 100 was up 0. 1% at 7,497. 75 in afternoon trade on Tuesday.
Berenberg downgrades Victrex to 'hold' from 'buy'
Berenberg downgraded Victrex on Tuesday to ‘hold’ from ‘buy’ as it said the company’s performance in industrial-exposed sectors could remain subdued for longer than it previously expected.
B&M chairman Peter Bamford to retire
B&M European Value Retail said on Tuesday that chairman Peter Bamford plans to retire this year.
Abrdn planning to axe hundreds of jobs in cost-cutting drive - report
Fund manager Abrdn is reportedly preparing to axe hundreds of jobs in a cost-cutting drive aimed at boosting its flagging performance.
London midday: Stocks turn lower as focus shifts to US earnings
London stocks had turned lower by midday on Tuesday despite better-than-expected UK borrowing figures, as investors eyed key earnings from across the pond.
JPMorgan reiterates ‘overweight’ rating on Prudential
JPMorgan Cazenove reiterated its ‘overweight’ rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.
Quiz Christmas sales drop 11% as inflationary pressures dent demand
Fast-fashion retailer Quiz reported a drop in sales over the Christmas period on Tuesday as it said inflationary pressures were denting consumer demand.
Boohoo appoints Stephen Morana as CFO as McCabe steps down
Boohoo said on Tuesday that trading remains in line with market expectations as it announced the departure of chief financial officer Shaun McCabe "by mutual agreement" and with immediate effect.
London open: Stocks gain as miners rally; borrowing data in focus
London stocks nudged higher in early trade on Tuesday following another record close on Wall Street, as investors mulled better-than-expected UK borrowing figures.
UK government borrows less than expected in December
The UK government borrowed much less than expected last month, according to data released on Tuesday by the Office for National Statistics.
London pre-open: Stocks seen up as investors mull borrowing figures
London stocks were set to rise at the open on Tuesday following another record close on Wall Street, as investors mulled the latest UK borrowing figures.
Tuesday newspaper round-up: Prepayment meters, The Telegraph, Vertical Aerospace
London is capturing an ever-bigger share of the UK’s record service sector exports and government action is needed to ensure other big cities keep pace with the capital, a report says. The Resolution Foundation said London accounted for almost half of the UK’s service sector exports, with its share of the total rising from 38% to 46% between 2016 and 2021. – Guardian.