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Morgan Stanley initiates coverage of Softcat, Computacenter
Morgan Stanley initiated coverage of Softcat and Computacenter on Tuesday as it took a look at the software and services sector.
Berenberg initiates coverage on Supreme at 'buy'
Analysts at Berenberg initiated coverage on batteries and lightbulbs distributor Supreme at 'buy' on Tuesday, stating the group was "supremely well positioned".
Science Group reports record revenue, operating profit
Science Group reported record revenue and adjusted operating profit, ahead of upgraded expectations, in its 2020 results on Tuesday.
Unions call for govt action on Liberty Steel after Greensill collapse
UK trade unions called on the government to play an "active role" in securing the future of Liberty Steel after the high-profile collapse of the company's financial backer Greensill Capital.
HSBC upgrades Aston Martin to 'buy', bullish on new management
Analysts at HSBC upgraded their recommendation for shares of Aston Martin, hailing the arrival at the firm of chairman Lawrence Stroll and its new chief executive officer Tobias Moers.
Vodafone to raise €2.8bn from Vantage Towers IPO
Vodafone said on Tuesday that it is expecting to receive around €2. 8bn from an initial public offering of its Vantage Towers business on the Frankfurt Stock Exchange.
Covid-19 hits home at Capital & Regional
Capital & Regional reported a slide in full-year income on Tuesday, after the pandemic closed stores and kept shoppers at home.
Pfizer/BioNTech Covid-19 vaccine effective against Brazilian variant in lab test
The Covid-19 vaccine from Pfizer and BioNTech was able to neutralize the new Brazilian variant of the SARS-CoV-2 coronavirus, according to a laboratory study published in the New England Journal of Medicine on Monday.
NFIB small business optimism index inches forward in February
The National Federation of Independent Business' small business optimism index rose by 0. 8 points in February to 95. 8 but again failed to return to pre-pandemic levels.
Euro area headed for double-dip recession in Q1
Economic activity in the Eurozone grew a tad more slowly than previously estimated at the end of 2020, as the single currency bloc began to slip back into recession.
US pre-open: Stocks firmly in the green as bond yields slip
Wall Street stocks were firmly in the green ahead of the bell on Tuesday following a mixed session for major indices a day earlier.
Consumer spending down though some sectors hit record growth
Consumer spending fell 13. 8% year-on-year in February, according to data from Barclaycard, although some sectors saw record growth as coronavirus lockdowns continued to influence spending habits.
Europe midday: Shares rally on improved OECD global outlook
European shares rallied at lunchtime on Tuesday after the OECD upgraded growth forecasts for the global economy, citing the ongoing success of the vaccine rollout and the US’s mammoth $1. 9trn stimulus package.
Microsoft hack worsens as cyber criminals exploit vulnerabilities
Microsoft’s email software hack has escalated into a “free-for-all” for cyber criminals that has affected tens of thousands of victims in both the private and public sectors.
OECD ups forecasts for global growth
The OECD has strengthened its growth forecasts for the global economy, citing the ongoing success of the vaccine rollout and the US’s mammoth stimulus package.
London midday: Stocks extend gains as OECD lifts UK growth forecasts
London stocks had extended gains by midday on Tuesday as the OECD upgraded its growth forecasts for the UK and global economy.
Victoria to issue another EUR 250m in senior secured notes
Flooring company Victoria said on Tuesday that, following the “very favourable” reception of its recent senior secured note offering on 23 February, it now intended to offer €250m (£214. 44m) in senior secured notes due 2028.
Midwich delivers record revenue performance, profits fall
Specialist audio visual distributor Midwich reported a record revenue performance in its full-year results on Tuesday, as its turnover improved 3. 7% year-on-year to £711. 8m, despite the challenges arising from the Covid-19 pandemic.
Ideagen buys compliance software firm Qualtrax in $14.9m deal
Regulatory and compliance software company Ideagen announced the acquisition of Qualtrax on Tuesday, to further extend its presence in the United States, for net cash of $14. 9m (£10. 73m).
CareTech trading in line as it navigates Covid and lockdowns
Social care and education services provider CareTech said on Tuesday that its trading in 2021 to-date was in-line with its and the market's expectations, and it had successfully maintained its “proactive approach” to managing the impact of the Covid-19 pandemic.