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Blur Group surges afters talks with electronics company
Shares in Blur Group rocketed on Tuesday morning as the spend management platform announced it has entered into final talks with an electronics company for a potential multi-million dollar roll out programme across three regions.
US close: Stocks slide for second session amid healthcare headache
US stocks retreated again on Tuesday as the rally in cyclical stocks stalled, health stocks stumbled as Donald Trump held firm on his election promises on healthcare, and the dollar also gained.
Morgan Stanley sees pound as 'cheap', upgrades UK midcaps
Morgan Stanley said the pound looked increasingly "cheap" in a historical context and suggested several ways for investors to play off this idea, including a selection of London-listed stocks.
FX round-up: Torrid Tuesday for sterling as dollar rises, UK Lords deny second Brexit vote
Sterling had a torrid time on key crosses Tuesday as the dollar rose with US rate-hike expectations and also as UK's House of Lords voted against a second Brexit referendum further down the track.
Bonds: Gilts gain ground, Italian BTPs hit technical resistance
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Europe close: Shares end on mixed note as ECB meeting looms nearer
European stocks ended on a mixed note following weaker-than-expected German manufacturing data, with traders starting to look out to Thursday's European Central Bank policy meeting.
London close: FTSE loiters as traders look ahead to Budget, US rates
Equities in London loitered around their starting levels before ending Tuesday on a mixed note, with Paddy Power Betfair, Ashtead, Direct Line and Worldpay, among others, all under the cosh.
Directors dealings: Great Portland Estates non-exec buys in
Wendy Becker, a non-executive director at Great Portland Estates, picked up some shares for her SSIP.
Legacy operations still dragging on St Ives
International marketing services group St Ives posted its half year results for the 26 weeks to 27 January on Tuesday, with revenue up 5% to £195. 1m.
ONS confirms record year for UK M&A, more big deals seen in 2017
During 2016 the number of takeovers of UK companies reached the highest levels since 2011 and some analysts see 2017 as heralding even more if the pound remains weak.
Pacific REIT acquires Leeds site for £6m
Real estate investment trust Pacific Industrial & Logistics REIT announced on Tuesday that on 6 March, it completed the acquisition of a site on Bruntcliffe Way, Morley, Leeds for a total consideration of £6. 05m, representing a net initial yield of 8. 3%.
Commodities: Gold on back foot with risk potential for further falls
Gold is on the back foot on Tuesday afternoon as dollar strength drives the nil-yielding safe-haven metal lower, with market watchers suggesting it may yet break even further south.
Sector movers: Electricity, Pharma lead falls on political risk
Defensive issues paced losses in London even as prices for Gilts staged an advance, pushing yields lower.
Microsoft outage hits Hotmail, Outlook, Skype users
Users of Hotmail, Outlook and Skype were finding themselves locked out of their accounts on Tuesday afternoon, as Microsoft appeared to be suffering a serious outage on its systems.
Small cap news round-up
MTI Wireless Edge has won a new contract worth $600m from an existing European customer in the military sector.
US open: Markets take a breather while health stocks fall on plans to repeal Obamacare
US equity markets were little changed on Tuesday as investors took a breather following recent gains, but health stocks were on the back foot on plans to repeal Obamacare and the dollar gained.
FastForward Innovations invests CA$3m in medicinal marijuana company
AIM-listed FastForward Innovations has invested in Canadian medicinal marijuana company Nuuvera Corp in a bid to capitalise on the increasing global deregulation of the drug.
Pharma drops as Trump unveils healthcare bill, drug pricing initiative
The US president took to his Twitter account on Tuesday to promote his proposed new healthcare bill, announcing that his cabinet was also working on a new system to increase competition in drug pricing.
Nintendo Switch console a disaster, say users
Nintendo was under fire over the quality of its new ‘Switch’ games console on Tuesday, less than a week after it hit the shelves.
MTI Wireless Edge secures new $600m contract
MTI Wireless Edge has won a new contract worth $600m from an existing European customer in the military sector.