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US close: Stocks slump on one-year anniversary of coronavirus-fuelled bull market
Wall Street stocks closed sharply lower on Tuesday, twelve months to the day that the Covid-19 pandemic bull market began as stocks tumbled 30% at the fastest pace in history.
Broker tips: Bunzl, Taylor Wimpey
RBC Capital Markets lifted its stance on Bunzl shares on Monday to ‘sector perform’ from ‘underperform’ and upped the price target to 2,270p from 2,200p following a de-rating.
Wednesday preview: UK CPI, Bellway in the spotlight
The market spotlight in the middle of the week will shift to UK inflation.
Europe close: Shares end mixed due to continued drag from Travel names
European shares ended on a mixed note on Tuesday after Germany confirmed an extended lockdown into Easter as it tried to combat the third wave of Covid-19 infections currently spreading across the Continent, sparking fears of a delay to economic recovery.
Spain to lift ban on UK tourists from 30 March
The Spanish government said on Tuesday it will be lifting a ban on travel from Britain at the end of March.
London close: Stocks finish weaker with travel sector under pressure
London stocks closed in negative territory on Tuesday, with travel and leisure issues under pressure ahead of tighter border restrictions, while concerns about a third coronavirus wave in Europe and tensions between China and the West also weighed on sentiment.
IAG secures $1.76bn credit facility against Gatwick, Heathrow landing rights
British Airways and Iberia parent IAG has secured a $1. 76bn revolving credit facility with a syndicate of banks, using take-off and landing rights at both Heathrow and Gatwick airports as collateral.
Director dealings: Land Securities CEO makes share sale
Land Securities revealed on Tuesday that chief executive Mark Allan had disposed of 33,164 ordinary shares in the FTSE-100 listed landlord.
Consumer brands underpin Alliance Pharma performance
Alliance Pharma reported a 4% fall in statutory revenue in its preliminary results on Tuesday, to £129. 8m, although it said performance from its consumer healthcare brands was “strong”, with that division now accounting for more than two thirds of group see-through revenues.
YouGov turns in positive first half performance
Research and information company YouGov reported revenue growth of 3% in its first half on Tuesday, with underlying growth of 9% to £79m, and a “solid” sales pipeline said to be weighted towards the second half of the financial year.
Hartford rejects $23bn takeover approach from Chubb
Hartford Financial Services Group has rejected a $23bn takeover approach from US non-life insurer Chubb, it confirmed on Tuesday.
US new home sales drop sharply in February
New home sales undershot economists' forecasts by an enormous margin last month.
Renault to produce three hybrid models in Spain
French carmaker Renault announced on Tuesday it would produce three new hybrid SUV models in its “second home” Spain.
US open: Stocks mixed on bull market anniversary
Wall Street stocks were mixed at the opening bell on Tuesday, twelve months to the day that the Covid-19 pandemic bull market began as stocks tumbled 30% at the fastest pace in history.
Judges Scientific remains profitable after fall in revenue
Scientific instrument technology investor and developer Judges Scientific reported a 3. 2% fall in revenues in its final results on Tuesday, to £79. 9m, which included a 12. 3% decline on an organic basis.
FTSE 250 movers: Crest Nicholson rallies; travel shares decline
London’s FTSE 250 was down 0. 4% at 21,378. 47 in afternoon trade on Tuesday.
Team launches £15.2m approach for Tavistock
Team has launched a hostile takeover approach for fellow Aim stock Tavistock Investments, after the fund manager refused to engage with its first approach.
Norway blocks Rolls-Royce sale of Bergen to Russia's TMH
Rolls-Royce will seek help from the Norwegian government to "find another option" after the sale of its Bergen marine engine business to Russia’s TMH Group was blocked by Norway on national security grounds.
FTSE 100 movers: Travel stocks hit; Bunzl lifted by upgrade
London’s FTSE 100 was down 0. 2% at 6,714. 25 in afternoon trade on Tuesday.