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Europe open: Shares edge ahead on Wall St as investors eye PMIs
European shares made small gains at the open on Tuesday after stronger US markets as tech stocks rebounded on hopes of slower rate rises by the Federal Reserve.
London open: Stocks fall as investors mull borrowing figures
London stocks edged lower in early trade on Tuesday despite strong gains on Wall Street, as investors mulled a surge in public borrowing.
UK government borrowing hits record high in December
UK government borrowing hit a fresh high in December, mostly due to the household energy support scheme and high debt interest costs.
ABF posts bumper sales over Christmas, Saga reiterates half-year profit guidance
London open: The FTSE 100 was seen starting the day 20 points higher at 7,804.
LondonMetric adds £2.4m in annual rent
LondonMetric Property said it has undertaken 62 occupier initiatives since the end of September, adding £2. 4m of annualised rent.
London pre-open: Stocks seen up after Wall Street gains
London stocks were set to rise at the open on Tuesday following strong gains on Wall Street.
Saga reiterates half-year sales guidance as Cruise and Travel recovery continues
Saga reiterated its guidance for half-year profits as sales in Cruise and Travel continued to recover from the pandemic.
Tuesday newspaper round-up: UK steel, Google, BT
The companies running Britain’s four remaining steel blastfurnaces have been offered £600m in government support to help fund the switch from coal and invest in lower-emissions technology. The chancellor, Jeremy Hunt, is expected to confirm £300m each for British Steel and Tata Steel in an announcement as soon as this week, although the timing will depend on them accepting the offers. The BBC first reported the government offer to both companies. – Guardian.
US close: Stocks extend gains as traders await earnings
Wall Street stocks closed higher on Monday as market participants looked ahead to a busy week of earnings.