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Tuesday broker round-up
Petra Diamonds: Citigroup reiterates buy with a target price of 120p; JP Morgan reiterates overweight with a 139p target.
Director dealings: Zoopla founder pockets £14m from share sale
Zoopla chief executive Alex Chesterman has sold a third of his shares in the property group to pocket a tasty £13. 8m.
US open: Stocks gain ahead of policy announcements from FOMC and BoJ
US stocks rose on Tuesday as investors looked ahead to interest rate announcements from the Bank of Japan and the Federal Reserve.
New Myanmar Investments shares admitted to trading
Burma-focused investment company Myanmar Investments International confirmed on Tuesday that, following its announcement on 13 September regarding its $4. 22m gross fundraising, that the 3. 25 million new ordinary shares of nil par value each and 811,368 new warrants were admitted to trading on 16 September.
FTSE 100 movers: Burberry in fashion after London catwalk show
London's blue chip shares were in style on Tuesday, as reports from London Fashion Week proved a welcome diversion for investors who were bracing themselves for central bank announcements later in the week.
Old Mutual may shelve plans to list wealth management unit, report says
Old Mutual may hold off from listing its UK wealth management unit as a result of the mounting costs of upgrading its investment platform.
PuriCore flogs off supermarket business, posts wider loss
Specialty biopharmaceutical company PuriCore announced its interim financial results for the six months to 30 June on Tuesday - a period in which the group confirmed its strategic focus to develop novel, prescription treatments for inflammatory diseases including dermatology, ophthalmology and potentially rare diseases.
Allergan to acquire Tobira in deal worth potential $1.7bn
Dublin-based pharmaceutical giant Allergan has agreed a deal to buy Tobira Therapeutics, a small firm which develops drugs to treat NASH disease.
Lack of land availability drags on smaller housebuilders
The biggest barrier for two-thirds of small and medium sized building firms was the lack of available land, according to a new industry survey, which has resulted in a skewing of the market towards larger operators in recent decades.
FTSE 250 movers: GVC Holdings rallies but Regus slides on placing
London’s FTSE 250 was up 0. 2% to 17,932. 31 in afternoon trade.
Marriott secures Chinese approval for Starwood deal
Marriott International has received approval from the Chinese Ministry of Commerce for its merger with Starwood Hotels & Resorts.
Hungary stays put on interest rates
Hungary´s central bank kept its main policy interest rate unchanged, but markets were waiting on details of planned changes to its framework for monetary policy which might imply a slight loosening in financial conditions.
Kingfisher hammers half-year profits higher
B&Q and Screwfix owner Kingfisher nailed an encouraging increase in first half profits and confirmed early progress in chief executive Véronique Laury's ambitious turnaround project.
US housing starts drop more than expected in August
US housing starts fell more than expected in August following two consecutive months of increases, according to data released by the Commerce Department.
Wednesday preview: FOMC and BoJ policy announcements eyed
The Federal Reserve and the Bank of Japan take centre stage on Wednesday as the central banks announce their latest policy decisions.
Scotgold Resources to de-list on ASX on 21 October
AIM listed miner Scotgold Resources will de-list from the Australian Stock Exchange (ASX) on 21 October in a bid to consolidate securities trading and save costs.
Wells Fargo CEO to accept responsibility for fake account scandal
John Stumpf, the Chief Execeutive Officer of Wells Fargo, is expected to appear before a US Senate hearing on Tuesday and accept the responsibility for the bank's fake account scandal.
Chaarat Gold shares plummet as new chairman is announced
Kyrgyz Republic-focused exploration and development company Chaarat Gold announced its intention to appoint a new non-executive chairman and published its unaudited results for the six months to 30 June on Tuesday.
Microsoft hopes to solve cancer problem within 10 years
US technology giant Microsoft has claimed that it could "solve" cancer in the next 10 years by treating the illness in a similar way to a virus attacking a computer system.
Personal Group shares slide on disappointing interim earnings
Employee benefits and insurance products provider Personal Group Holdings reported its results for the six months to 30 June on Tuesday, with revenue increasing by 10. 2% to £21. 0m.