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FTSE 250 movers: Ocado hit by broker note; Bodycote, Babcock fall
London’s FTSE 250 was down 0. 9% at 20,377. 54 in afternoon trade on Tuesday.
FTSE 100 movers: Admiral boosted by upgrade; Melrose, Rolls-Royce slump
London’s FTSE 100 was down 0. 3% at 8,258. 89 in afternoon trade on Tuesday.
Elementis shareholder Gatemore calls for strategic review
Elementis shareholder Gatemore Capital Management said on Tuesday that if the company does not launch a strategic review, accelerate its cost-savings programme and replace its chief executive, it may seek to oust the chairman.
Britvic suspends £75m share buyback after Carlsberg offer
Britvic said on Tuesday that it was suspending its £75m share buyback after rejecting a £3. 1bn takeover proposal from Danish brewer Carlsberg.
Deutsche Bank downgrades Airbus to ‘hold’ after profit warning
Deutsche Bank downgraded Airbus to ‘hold’ from ‘buy’ on Tuesday after the company cut its earnings guidance and delivery targets on Monday.
Deutsche Bank hikes Rolls-Royce price target
Deutsche Bank hiked its price target on Rolls-Royce to 555p from 465p on Tuesday as it revisited the valuation ahead of first-half results.
Chapel Down considers sale as it weighs funding options
Chapel Down said on Tuesday that it is conducting a strategic review of options to fund long-term growth, which includes investment from existing and new shareholders and a potential sale of the company.
London midday: Stocks fall as Rolls-Royce, Melrose hit by Airbus warning
London stocks had fallen into the red by midday on Tuesday, with Rolls-Royce and Melrose pacing the declines after a profit warning from Airbus.
Tortilla Mexican Grill buys Fresh Burritos for €3.95m
Tortilla Mexican Grill said on Tuesday that it has bought Fresh Burritos, the second largest fast-casual Mexican restaurant group in Europe, and largest in France, €3. 95m (£3. 3m).
Berenberg upgrades Admiral to ‘buy’, shares rally
Berenberg upgraded Admiral on Tuesday to ‘buy’ from ‘hold’ and lifted the price target to 3,127p from 2,973p, citing an attractive valuation.
London open: Stocks nudge up; Ocado and Melrose under the cosh
London stocks nudged higher in early trade on Tuesday following a mixed close on Wall Street, as investors eyed the release of a key US inflation reading and UK GDP data later in the week.
Funding Circle to sell US business to iBusiness Funding for £33m
Funding Circle said on Tuesday that it has agreed to sell its US business to Miami-based iBusiness Funding (IBF) for £33m.
London pre-open: Stocks to edge up after mixed US session
London stocks were set to nudge up at the open on Tuesday following a mixed close on Wall Street.
Tuesday newspaper round-up: Energy suppliers, Boeing, Thames Water
EDF, Utilita and British Gas have been named as the worst energy suppliers for customer service, as research shows industry standards have slipped sharply. Citizens Advice said customer service ratings across the industry were among the lowest ever between January and March and average ratings had fallen by 10. 5% compared with the same period in 2021. – Guardian.