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Wednesday preview: US services PMIs, Taylor Wimpey in focus
Investors' focus in the middle of the week, leaving geopolitics aside for the moment, will be on a raft of survey readings for services sector activity on both sides of the Pond.
Europe close: Geopolitical tensions hold shares back
European shares were down as fears of an economic slowdown and rising geopolitical tensions between the US and China dampened sentiment.
London close: Stocks weaker as Pelosi touches down in Taipei
London stocks closed in the red on Tuesday as US-China tensions escalated with the arrival of House Speaker Nancy Pelosi in Taiwan, although BP remained a bright spot after well-received second-quarter results.
Director dealings: Purplebricks chair makes most of early share slump
Purplebricks was at the top of the list of director buys on Tuesday, as its chairman made the most of a morning slump in its share price.
US job openings decline in June, quits little changed
The US jobs market tightened up a bit as economic growth slowed, the results of a closely-followed survey revealed.
Sector movers: Home construction stocks pace losses
Home construction stocks paced losses on the FSTE 350 on Tuesday after a closely-followed survey revealed a smaller-than-expected gain in house prices for July.
Broker tips: HSBC, Anglo Pacific, Pearson
Analysts at Berenberg raised their target price on lender HSBC from 560. 0p to 625. 0p on Tuesday, stating the group's recent second-quarter earnings saw the company deliver "a clean enough sweep".
FTSE 100 movers: BP gushes higher; housebuilders retreat
London’s FTSE 100 was flat at 7,412. 69 in afternoon trade on Tuesday.
US open: Stocks head south amid heightened US-China tensions
Wall Street stocks were in the red early on Tuesday amid heightened tensions between the US and China ahead of House Speaker Nancy Pelosi's expected visit to Taiwan.
FTSE 250 movers: Biffa cleans up, Travis Perkins wobbles
The FTSE 250 was down 0. 94% at 9,890. 78 at 1515 BST.
Greggs holds guidance but warns cost inflation, prices rising
High Street bakery chain Greggs reported a 22. 4% rise in like-for-like sales for the half-year and maintained 2022 guidance , but bumped up its cost inflation guidance once again as price continued to rise.
Pebble Beach expecting higher revenue, reduced first-half margin
Broadcast and streaming playout technology company Pebble Beach Systems said on Tuesday that it expected “modest growth” in first-half revenue of 3% year-on-year.
Revolution Bars ends year in line with upgraded expectations
Revolution Bars said in an update on Tuesday that its results for the financial year just ended were set to be in line with its upgraded expectations.
Atlantic Lithium upbeat on latest drilling results from Ewoyaa
Atlantic Lithium announced assay results from the resource and exploration drilling programme underway at the Ewoyaa lithium project in Ghana on Tuesday, after results were received for an additional 2,900 metres of reverse circulation drilling at the Ewoyaa Main and Grasscutter North targets.
Bens Creek working to recover from Appalachia flooding
Coal mine owner Bens Creek updated the market on its infrastructure on Tuesday, following severe flooding in the western part of West Virginia and in Eastern Kentucky since 27 July.
Engage XR trades as expected in first half
Virtual reality (VR) technology company Engage XR said in an update on Tuesday that it was trading in line with market expectations, continuing to win new customers for its proprietary software platform and expanding relationships with existing clients in the first half.
RBC Capital Markets slightly lowers target price on Anglo Pacific
Analysts at RBC Capital Markets moved their target price on mining giant Anglo Pacific slightly lower on Tuesday, citing near-term dilution, cutting its target for the stock from 340. 0p per share to 320. 0p.
Deutsche Bank stays at 'buy' on Pearson after reassuring 1H numbers
Analysts at Deutsche Bank reiterated their 'buy' recommendation for shares of Pearson, labelling the publishing and education outfit's latest interim numbers "reassuring".
A strong recession could trigger another correction in the cryptoassets market
The contraction of the US economy, for the second consecutive quarter, leaves the country in a state of technical recession that, pending confirmation by the National Bureau of Economic Research (NBER), puts investors on alert, especially those with exposure to risk assets such as cryptocurrencies. The market for now does not seem to echo that there is danger, due to the fact that as denoted by some analysis and recent stock market performance, risk appetite picks up market weight.
Travis Perkins slumps as Toolstation swings to loss
Travis Perkins was under the cosh on Tuesday after the DIY retailer said its Toolstation business swung to a loss in the first half as the pandemic boost faded.