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FTSE 100 movers: Hikma boosted by Citi note; miners slump
London’s FTSE 100 was down 0. 9% at 8,152. 46 in afternoon trade on Tuesday.
Covestro close to granting Adnoc in-depth due diligence - report
Covestro is reportedly close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, signalling fresh impetus for the talks between both parties after a year of negotiations.
London midday: Stocks turn lower as investors mull jobs data
London stocks had fallen into the red by midday on Tuesday as data showed that UK wages grew faster than expected in the three months to April.
Cake Box profits jump amid new store openings
Cake Box posted a jump in full-year profit and revenue on Tuesday as the maker of fresh cream celebration cakes pointed to increased franchise store sales and new store openings.
Rio Tinto to buy Mitsubishi’s 11.7% stake in Boyne aluminium smelter
Rio Tinto said on Tuesday that it has agreed to buy Mitsubishi Corporation’s 11. 65% interest in Boyne Smelters (BSL) for an undisclosed sum.
Citi hikes Hikma price target, cites ‘healthy trends’ for injectables and US Generics
Citi lifted its price target on Hikma Pharmaceuticals on Tuesday to 2,845p from 2,770p as it said IQVIA April data highlighted "healthy trends" for injectables and US Generics.
London open: Stocks edge up as investors mull jobs data
London stocks edged higher in early trade on Tuesday as data showed that UK wages grew faster than expected in the three months to April.
UK wages grow faster than expected
Wages grew faster than expected in the three months to April, according to figures released on Tuesday by the Office for National Statistics, dashing hopes of a rate cut this summer.
London pre-open: Stocks seen flat as investors mull jobs data
London stocks were set for a flat open on Tuesday as investors mulled the latest UK jobs data.
Tuesday newspaper round-up: Asda, Apple, Elon Musk
One in three Asda staff have been attacked at work, according to research that included reports of workers being stabbed, punched and threatened with syringes. The poll of almost 1,000 members of GMB, one of the UK’s biggest unions, returned stories of delivery drivers being chased by people in cars, while store workers had food thrown at them. More than half (58%) of respondents said they had suffered injury or illness on the job. – Guardian.