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Broker tips: Bunzl, Halfords
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Bunzl ahead of the value added distributor's first half results.
Wednesday preview: US durable goods orders, Pending home sales in focus
The market spotlight in the middle of the week will be squarely on the US amid an exceedingly sparse economic calendar.
ShoreCap stays at 'buy for Bunzl ahead of 1H results
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Bunzl ahead of the value added distributor's first half results.
London close: Stocks fall on a raft of poor PMI data
London stocks finished in the red on Tuesday, after a fresh batch of data showed manufacturing activity unexpectedly contracting, and the UK economy essentially stalling.
Director dealings: On the Beach, Dr. Marten's execs pick up shares
On the Beach was at the top of the list of director buys on Tuesday, after founder and chief executive officer Simon Copper picked up 1. 53m shares in the company.
US open: Stocks little changed despite batch of much weaker-than-expected economic data
Wall Street's main market gauges were mostly in the black on Tuesday afternoon despite the release of a batch of significantly weaker-than-expected economic releases.
US new home sales fall below pre-pandemic level in July
The pace of new home sales fell to below its level from before the pandemic on the back of another outsized drop.
US private sector output drops sharply in August amid drag from services
Private sector firms in the US reported the fastest pace of declines in output in August outside of that seen right after the first outbreak of the Covid-19 pandemic, the results of two surveys showed.
Europe midday: Stocks hold their ground despite surveys pointing to contraction
European stocks were little changed despite the release of mixed survey readings for euro area manufacturing and services which some economists said pointed towards economic contraction in the third quarter.
London midday: Stocks still weaker as manufacturing PMI slides below 50
London stocks remained in the red by lunchtime on Tuesday, as investors digested the latest data on both the services and manufacturing sectors, with the latter unexpectedly falling into contraction.
UK factory growth falls for first time since February, CBI says
UK factory output shrank for the first time in over a year over the three months to August, alongside a larger-than-expected decline in total order books, the results of a closely-followed survey revealed.
Aferian confident despite fall in revenue, operating profit
Video streaming technology company Aferian reported a 2% fall in first-half revenue on Tuesday, to $44. 5m, due to delays in product shipments amid Covid-related supply chain difficulties.
Power Metal jumps on Molopo Farms drilling plans
Exploration company Power Metal Resources updated the market on the Molopo Farms Complex project on Tuesday, which is targeting a large-scale nickel-copper-platinum group element discovery in southwestern Botswana.
Alba takes full ownership of Clogau Gold Project
Alba Mineral Resources has agreed to acquire the remaining 10% interest in Gold Mines of Wales (GMOW), it announced on Tuesday, to take full ownership of the Clogau Gold Project.
Amte Power trading in line as cell development progresses
Specialist battery cell developer Amte Power said it was trading in line with expectations on Tuesday, ahead of its results for the financial year recently ended.
Chaarat Gold completes first phase of testing at Kyzyltash
Mining company Chaarat Gold announced the completion of the first phase metallurgical test programme on its Kyzyltash gold project on Tuesday.
Baron Oil reports 'significant progress' in first half
Asia and UK-focussed exploration company Baron Oil reported “considerable technical advances” on Chuditch, offshore Timor-Leste, in its interim results on Tuesday.
CyanConnode reports record revenue as it moves towards profitability
Mesh network technology company CyanConnode reported a 49% improvement in revenue in its final results on Tuesday, to £9. 6m, making for its highest annual revenue to date.
Powerhouse agrees heads of terms for Konin project in Poland
Waste-to-energy technology company Powerhouse has agreed heads of terms with Hydrogen Utopia International (HUI), it announced on Tuesday, for the joint development of a facility at a site in Konin, in the Polish province of Wielkopolska.
Asia report: Stocks fall on growing fears of recession
Markets in Asia were on the back foot on Tuesday, taking their cues from a dire session on Wall Street overnight, where the Dow lost more than 600 points in its worst day since June.