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Sector movers: Cyclicals top gains on FSTE 350, but alongside defensives
General Industrials and Retailers led gains on the FTSE 350 in the middle of the week, but similar gains for some of the more defensive segments of the stock market, such Electricity and Tobacco, betrayed latent caution.
Wednesday preview: US CPI, China foreign trade in the spotlight
All eyes on Wednesday will be on the US consumer price report for June which may turn out to be the week's key release.
Europe close: Stocks mostly higher, Spanish issues hit by tax on windfall profits
Stocks in Europe finished on a mixed note but for the most managed to reverse early losses, despite continued market chatter around new Covid-19 cases in China and the release of a weaker-than-expected survey on economic confidence in Germany.
London close: Stocks reverse losses to finish above the line
London stocks managed a positive finish on Tuesday, reversing earlier losses even as worries about a global slowdown continued to weigh on investors’ minds.
Director dealings: Supreme CEO spends £0.41m on shares
Batteries, lighting and vaping brand owner Supreme was at the top of the list of director buys on Tuesday, after its chief executive officer spent more than £0. 41m on shares.
Redcentric updates market on two data centre acquisitions
Redcentric updated the market on its previously-announced acquisition of certain business and assets relating to three data centres from the in-administration Sungard Availability Services UK, and the separate acquisition of 4D Data Centres.
Dewhurst promotes John Bailey to group CEO
Lift, transport and keypad components manufacturer and supplier Dewhurst Group announced the appointment of John Bailey as its new chief executive officer on Tuesday, from 1 October.
Kefi venture awarded two exploration licences in Saudi Arabia
Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi announced the award of two additional exploration licences through its Gold and Minerals Limited (G&M) joint venture in Saudi Arabia.
Phoenix Copper kicks off 2022 drilling programme
Base and precious metals explorer and producer Phoenix Copper announced on Tuesday that its 2022 drilling programme was underway at the Empire Mine Project in Idaho.
FTSE 250 movers: Aston Martin dented by broker note
London’s FTSE 250 was flat at 18,846. 37 in afternoon trade on Tuesday.
Steppe Cement maintains first-half volume, increases turnover
Steppe Cement updated the market on its first-half performance on Tuesday, reporting that it sold 837,063 tonnes of cement for KZT 19. 58bn (£35m).
Destiny Pharma awarded Cystic Fibrosis Foundation project
Clinical-stage biotechnology company Destiny Pharma has received an award from the Cystic Fibrosis Foundation, it announced on Tuesday.
Great Western Mining inks processing deal with potential partner
Great Western Mining has signed a non-binding memorandum of understanding to create a joint venture with an unnamed “experienced” Nevada mining contractor, it announced on Tuesday, for processing gold and silver from waste material on its mineral concessions in the US state.
Broker tips: LendInvest, British Land, 888 Holdings
Analysts at Berenberg lowered their target price on mortgage lender LendInvest from 275. 0p to 230. 0p on Tuesday, stating the group's outlook was "cloudy" despite a "strong" end to its 2022 trading year.
Mortgage Advice Bureau completes purchase of 75pc of Fluent
Mortgage Advice Bureau completed the acquisition of just over three-quarters of the Fluent Money Group, it announced on Tuesday.
TinyBuild performs 'slightly ahead' of first-half expectations
Video games developer and publisher tinyBuild described a first-half performance “slightly ahead” of expectations in a trading update on Tuesday.
FTSE 100 movers: British Land, Landsec hit by downgrades
London’s FTSE 100 was down 0. 3% at 7,175. 79 in afternoon trade on Tuesday.
US open: Stocks mixed amid ongoing global economic growth fears
Wall Street trading got off to a mixed start on Tuesday as global economic growth concerns remained in focus ahead of a potentially rough earnings season.
Central Asia Metals on track to hit full-year production guidance
Central Asia Metals updated the market on Tuesday on its first half of operations at the Kounrad dump leach, solvent extraction and electro-winning (SX-EW) copper recovery plant in Kazakhstan, and the Sasa zinc-lead mine in North Macedonia.
US small business confidence near lowest level in almost a decade
A closely-followed gauge of small businesses' optimism in the US plumbed its lowest level since January 2013 in June, dragged lower by a fall in expectations for short-term business conditions and sales.