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US pre-open: Stocks seen muted ahead of PMIs, Jackson Hole
US stocks looked set for a muted open on Tuesday ahead of some key data releases, and as investors continued to eye the Jackson Hole symposium.
On The Beach CEO Simon Cooper picks up 1.53m shares
On The Beach surged on Tuesday after founder and chief executive officer Simon Copper picked up 1. 53m shares in the company.
UK economy grinds to a near-halt in August
The UK economy practically ground to a halt in August amid a slump in manufacturing activity, according to a survey released on Tuesday.
Pantheon Resources upbeat on well report from Baker Hughes
Alaska North Slope-focussed Pantheon Resources announced the details of an independent report into its Theta West 1 well on Tuesday, compiled by Baker Hughes AHS.
Life Science REIT completes second drawdown on HSBC facility
Life Science REIT has completed a second drawdown from its existing £150m debt facility with HSBC, it announced on Tuesday, totalling £37. 2m.
RM swings to statutory loss, warns of short-term challenges
Education resource and technology provider RM reported a 4% improvement in first-half revenue on Tuesday, to £100. 3m, driven by growth in RM Resources and the return of UK school exams in RM Assessment.
Eurozone business activity contracts again in August
Eurozone business activity continued to contract in August as growth in the services sector ground to a near-halt, according to a survey released on Tuesday.
Panmure cuts Halfords to 'hold', shares tank
Halfords shares tanked on Tuesday after Panmure Gordon downgraded the stock to ‘hold’ from ‘buy’ and slashed the price target to 150p from 300p.
Europe open: Stocks in the red as inflation, energy worries weigh
European stocks fell in early trade on Tuesday amid concerns about inflation and the energy crisis.
London open: Stocks fall amid inflation, energy concerns
London stocks fell in early trade on Tuesday as concerns about an energy crisis in Europe and ongoing worries about inflation continued to weigh on sentiment.
Gatwick airport lifts 2022 passenger forecast
Gatwick Airport lifted its passenger forecast for this year on Tuesday following strong demand.
Mulberry chairman Godfrey Davis to step down
Luxury handbag maker Mulberry said on Tuesday that non-executive chairman Godfrey Davis plans to step down on 30 September.
Wood Group operating profit falls as revenue dips
Wood Group posted a decline in first-half operating profit on Tuesday as revenue dipped.
UK govt to take no action over Drahi's BT stake; Wood Group operating profit falls
London pre-open The FTSE 100 was called to open 11 points lower at 7,522.
UK govt to take no action over Drahi's BT stake
BT Group said on Tuesday that the UK government will not be taking any action over French billionaire and Altice owner Patrick Drahi’s stake in the telecoms group.
London pre-open: Stocks seen lower on weak US, Asian cues
London stocks were set to fall at the open on Tuesday following downbeat sessions in the US and Asia.
Tuesday newspaper round-up: British Airways, Sony, Bulb
British Airways has announced another round of cancellations, axing 10,000 flights to and from Heathrow until the end of March next year as it adapts to the persistent staff shortages that have hit aviation. The carrier’s decision to shrink its short-haul timetable by 8% comes after the London airport extended the summer’s 100,000 daily cap on passenger numbers by another six weeks until the end of October and asked airlines to sell fewer flights. – Guardian.
Sector movers: Defensives sought out amid less certain outlook for inflation and rates
It was all about defensives at the start of the week as Russian state-owned gas giant Gazprom triggered a spike in natural gas prices that hit already wobbly investor sentiment.
US close: Dow offloads 600 points in worst day since June
US stocks closed in negative territory on Monday, with the Dow tumbling more than 600 points, as investors looked towards the Fed’s symposium at Jackson Hole on Thursday as European gas futures spiked.