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Europe close: Stocks edge higher despite soft economic data
Europe's main stock market indices pushed higher again on Tuesday on the coattails of a fresh advance on Wall Street, although risk appetite was tempered by mixed economic data in the States and soft survey readings in Euroland.
Broker tips: 888, Haleon
Analysts at Deutsche Bank slashed their target price for shares of 888 following the company's first set of results following completion of the acquisition of William Hill.
London close: Sterling strength takes shine off FTSE
London stocks closed in a mixed state on Tuesday, with the top-flight index maintaining its positive position alongside its Wall Street counterparts, after the latest UK jobs data showed a plunge in real earnings.
Director dealings: ConvaTec non-exec makes £47k purchase
Wound care specialist ConvaTec Group was on the list of director buys on Tuesday, after a board member spent almost £50k in a transaction.
US industrial production grows by more than expected in July
US industrial production rose a bit more quickly than expect last month.
Wednesday preview: US retail sales, Fed minutes, Balfour Beatty in focus
Financial markets' focus in the middle of the week will revert to the US where the Department of Commerce will release a reading for monthly sales, followed later in the evening by the minutes of the US central bank's 27 July policy meeting.
First Group falls after I Squared says it will not table a firm offer
First Group shares came under strong selling pressure after its private equity suitor had pulled out from its bid.
Edenville signs deal with mine operator Brahma
Edenville has signed an agreement with Brahma Energies, it announced on Tuesday, to secure production and sales of at least 4,000 tonnes of washed coal per month at its Rukwa Coal Project in Tanzania, potentially rising to at least 6,000 tonnes after two months.
SmartSpace reports solid first-half performance
Workspace management software company SmartSpace said its half-year revenues were expected to be 46% higher year-on-year in a trading update on Tuesday, at £3. 6m.
Harland & Wolff maintains guidance, looks to strong growth
Harland & Wolff maintained its guidance for the current year on Tuesday, having won three material contracts in quick succession, being the first phase of Cory at £8. 5m, the second phase at £9. 6m, and the M55 regeneration programme at £55m.
Spectra gets first order for banknote disinfection system
Authentication and security technology specialist Spectra Systems has received an order for a banknote disinfection system (BDS) to be installed at a central bank in Asia, it announced on Tuesday.
US open: Wal Mart and Home Depot keep Dow in the green in early trading
Wall Street's main market gauges started the session on a mixed note following a weak reading for US housing starts, although better-than-expected quarterly reports out of retail giants Wal Mart and Home Depot were keeping the Dow in the green.
Empire reports multiple significant intercepts from recent drilling
Resources explorer and developer Empire Metals reported multiple “significant” intercepts from the reverse circulation drilling recently completed at the Eclipse-Gindalbie gold project on Tuesday, 55 kilometres north-east of Kalgoorlie in Western Australia.
Sopheon inks five-year, $11m deal with US Navy
Enterprise software company Sopheon announced on Tuesday that Team Submarine, a group of submarine programmes within the US Navy’s Naval Sea Systems Command (NAVSEA), would use its flagship ‘Accolade’ product to modernise a number of processes in the engineering and training for new submarines.
Sabien extends deal with COF as it looks to deploy technology
Sabien Technology Group announced that its sales agency agreement with City Oil Field (COF), has been rolled forward for a further 12-month period from 14 September.
Tremor shares dive despite record first-half earnings
Tremor International reported record first half adjusted EBITDA of $72. 7m on Tuesday, making for an increase of 12% year-on-year.
Savannah Energy subsidiary enters gas sales agreement
Africa-focussed Savannah Energy announced on Tuesday that its 80% indirectly-owned subsidiary Accugas has entered into a new gas sales agreement with Notore Chemical Industries.
US July housing starts fall much more quickly than anticipated
Homebuilders in the US broke ground on far fewer homes than anticipated last month.
FTSE 100 movers: Miners rally; Barratt in the red
London’s FTSE 100 was up 0. 6% at 7,555. 33 in afternoon trade on Tuesday.
Deutsche Bank slashes target price for 888 but stays at 'buy'
Analysts at Deutsche Bank slashed their target price for shares of 888 following the company's first set of results following completion of the acquisition of William Hill.