Full List Of Stories
DS Smith in talks with International Paper about possible takeover
A bidding war was potentially on the cards on Tuesday as packaging company DS Smith - which recently agreed to be taken over by Mondi - confirmed it is in talks with New York-listed International Paper about a possible takeover offer.
BC Omega Holdco to sell around 30m shares in TI Fluid Systems in placing
Peel Hunt said on Tuesday that BC Omega Holdco plans to sell around 30m shares in TI Fluid Systems in a placing to institutional investors.
FTSE 100 movers: Ocado rallies on trading statement; Auto Trader falls
London’s FTSE 100 was flat at 7,921. 21 in afternoon trade on Tuesday.
RBC Capital downgrades Mobico to 'sector perform'
RBC Capital Markets downgraded Mobico on Tuesday to ‘sector perform’ from ‘outperform’ and cut the price target to 80p from 110p following the company’s update a day earlier.
London midday: Stocks flat as investors eye US consumer confidence, inflation
London stocks were little changed by midday on Tuesday as investors eyed a key US consumer confidence reading and inflation data due later in the week.
JPMorgan puts Auto Trader on 'negative catalyst watch'
Auto Trader slumped on Tuesday as JPMorgan Cazenove placed the shares on ‘negative catalyst watch’ ahead of FY24 results in May.
Markets pricing too many UK rate cuts, says Catherine Mann
Bank of England policy maker Catherine Mann said on Tuesday that financial markets are pricing in too many interest rate cuts this year and that it’s unlikely the UK will move before the Federal Reserve.
Goldman Sachs downgrades Dr Martens to ‘sell’
Goldman Sachs downgraded Dr Martens to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 87p from 93p.
Revolution Bars exploring options including sale
Revolution Bars confirmed on Tuesday that it is exploring strategic options, including the potential sale of all or part of the group.
Flutter losses widen on one-off costs but revenues boosted by US
Paddy Power owner Flutter Entertainment posted a widening of its full-year losses on Tuesday due to one-off costs, but revenue surged and the company guided to 30% growth in 2024 core profit thanks to a strong performance in the US.
London open: FTSE edges lower amid 'wait and see' mood
London stocks edged lower in early trade on Tuesday following a downbeat close on Wall Street, as investors eyed a key US inflation reading due later in the week.
Pets at Home backs FY profit expectations
Pets at Home backed its full-year profit guidance on Tuesday as fourth-quarter trends have been as expected.
London pre-open: Stocks seen lower after negative US close
London stocks were set to fall at the open on Tuesday following a downbeat close on Wall Street.
Tuesday newspaper round-up: Amanda Staveley, ITV, Bidstack
Are 200,000 jobs really supported by the oil and gas industry in the North Sea? Campaigners and MPs are questioning the longstanding government claim. Ministers have repeatedly used the 200,000 jobs figure as justification for pushing ahead with more fossil fuel developments despite the escalating climate crisis and widespread opposition from scientists and energy experts. – Guardian.