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FTSE 250 movers: WH Smith boosted by upgrade; Wood Group gushes lower
London’s FTSE 250 was flat at 18,749. 56 in afternoon trade, with broker notes making their mark on the index.
Don't take a March interest rate hike off the table, Fed's Harker says
An interest rate hike in March was possible, the president of the US Federal Reserve bank of Philadelphia said.
Results round-up: HSBC, InterContinental Hotels, Wood Group
HSBC threw in an extra £1bn share buyback and offered assurances about maintaining its dividend to try and keep investors onside as it reported a bigger than expected drop in annual profits and admitted it may need to move 1,000 jobs from London to Paris over the next two years due to Brexit.
FTSE 100 movers: Rolls-Royce gains again; HSBC tanks on results
London’s FTSE 100 was down 0. 2% to 7,282. 13 in afternoon trade, as investors sifted through a raft of corporate news, including a disappointing set of results from banking giant HSBC.
Wednesday preview: Lloyds and GDP provide insight into UK economy
On Wednesday there will two crucial insights into the health of the UK economy, with a confirmed measure of gross domestic product for the fourth quarter of last year, plus results from Lloyds Banking Group, itself also key national business bellwether.
FairFX Group launches China payments
Fintech firm FairFX Group’s customers are now able to make same day payments to mainland China.
Hastings Group gains regulatory approval for sale of 30% stake
Insurer Hastings Group has announced that the proposed acquisition of a 29. 9% stake in the company by South Africa’s Rand Merchant Investment Holdings for up to £499. 5m has gained regulatory approval.
Synectics improves H1 pre-tax profit with rise in dividend
Shares in Synectics are up almost 8% after it turned in an improved first-half pre-tax profit, along with a rise in revenue and final dividend.
HSBC slides after 62% profits plunge
HSBC threw in an extra £1bn share buyback and offered assurances about maintaining its dividend to try and keep investors onside as it reported a bigger than expected drop in annual profits and admitted it may need to move 1,000 jobs from London to Paris over the next two years due to Brexit.
Asda's underlying sales fall again in Q4
Supermarket chain Asda has reported a fall in underlying comparable-store sales in the fourth quarter, albeit an improvement on the preceding three-month period.
Image Scan maintains strong order book
Real-time security and industrial inspection x-ray specialist Image Scan provided a trading update on Tuesday morning, ahead of its 2017 annual general meeting being held during the afternoon.
SigmaRoc upbeat on Ronez Ltd acquisition
SigmaRoc said the trading performance of Ronez Ltd has been strong, adding the development of that company's required back-office systems was proceeding at a much lower cost and faster than expected.
Samsung to resell modified Galaxy Note 7s in developing countries
South Korean electronics company Samsung is reportedly ready to sell refurbished Galaxy Note 7 smartphones to emerging markets, in order to recoup some of its losses.
Broker tips: AO World, OneSavings Bank, WH Smith, Bodycote
Online electrical goods retailer AO World slumped on Tuesday as Morgan Stanley downgraded its stance on the stock to ‘underweight’ from ‘equalweight’ and cut the price target to 135p from 170p.
Barcelona police shoot at lorry driver after motorway charge
Urban police in Barcelona arrested a man on Tuesday after he was shot by security forces while driving down the wrong side of a motorway with a lorry filled with stolen gas canisters.
Recurring revenues and earnings improve at Netcall
Customer engagement software provider Netcall announced its unaudited interim results for the six months to 31 December on Tuesday, with the board reporting robust bookings in the period, and trading in line with management expectations.
Abzena sees FY revenues in line with expectations
Abzena sees full-year group revenues in line with its expectations, saying first-half momentum and strong demand for services has continued.
London midday: Stocks flat as investors digest borrowing figures, Haldane comments
London stocks were little changed as investors digested the latest UK borrowing figures and a disappointing set of results from banking giant HSBC, with the pound weaker on the back of comments by the Bank of England's Andy Haldane.
Europe midday: Stocks higher on encouraging economic data
European stocks were trading higher on Tuesday on the back of encouraging eurozone economic data, while HSBC was among the day’s biggest fallers after the bank reported a bigger-than-expected fall in profit.