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Morgan Stanley sees 'compelling' opportunity with UK property stocks
UK real estate investment trusts (REITs) offer a "compelling" investment opportunity, according to analyst at Morgan Stanley, who said that the sector could soon see a recovery as challenging macro conditions slowly begin to ease.
London midday: Stocks flat as worries about China, rates weigh on sentiment
London stocks had pared earlier losses to trade flat by midday on Tuesday, as worries about the Chinese economy and elevated interest rates, and a US credit warning from Moody’s weighed on sentiment.
Europe midday: China, rates, Moody's US warning hit sentiment
European shares were lower at midday on Tuesday as persistent fears over higher interest rates and a warning from Moody's that a looming US government shutdown would threaten America's triple-A credit rating.
US pre-open: Interest rate and government shutdown fears to hit stocks
US stock markets were expected to follow European indices lower on Tuesday as bond yields continued to reach new highs not seen in 16 years.
Redburn downgrades Premier Inn owner Whitbread
Redburn downgraded its stance on Premier Inn owner Whitbread on Tuesday to ‘sell’ from ‘neutral’, with a target price of 3,000p.
Videndum scraps dividend and targets as writers' strike clouds outlook
Videndum lost a third of its market value on Tuesday after the film and audio production equipment company scrapped its interim dividend following a tough first half, which have been hit by ongoing writers' and actors' strikes in the US.
Rolls-Royce and EasyJet reach key milestone in development of hydrogen-powered engines
Rolls-Royce and EasyJet achieved a new milestone in their combined efforts to develop hydrogen-fueled engines.
JD Sports 'materially undervalued', says Shore Capital
JD Sports is "materially undervalued", Shore Capital said in a research note on Tuesday.
Liberum sees 'significant execution risk' at Asos
Broker Liberum has repeated its 'sell' stance on Asos after the fast fashion giant's weak fourth-quarter trading update on Tuesday, .
Asia report: Markets fall as Japan's wholesale inflation rises
Asia-Pacific markets experienced a downturn on Tuesday despite a broad rebound on Wall Street overnight.
Strong bonds and dollar put Bitcoin and cryptos under pressure
There are moderate movements in the cryptocurrency market. Bitcoin (BTC) rallies 0. 6% in the last 24 hours and manages to hold at $26,200, while Ethereum (ETH) follows in its wake, although it fails to regain $1,600.
AG Barr confident of meeting FY expectations after 'strong' first half
Irn-Bru maker AG Barr said on Tuesday that it was confident of delivering full-year profit in line with recently-increased market expectations after a "strong" first-half performance.
Card Factory posts jump in profits but warns of 'challenging' run-up to Christmas
Card Factory shares slumped on Tuesday as the retailer posted a jump in first-half revenues and profits but warned of a "challenging" economic backdrop in the run-up to Christmas.
Water firms to return £114m to customers for serious underperformance
Water and wastewater companies in England and Wales will be required to return £114m to their customers next year due to significant underperformance, it was announced on Tuesday.
Bytes Technology flags robust first-half performance
Software, security and cloud services specialist Bytes Technology Group described a solid first-half performance in a trading update on Tuesday, recording significant year-on-year growth in gross invoiced income.
London open: Stocks nudge lower amid China worries, after Moody's US warning
London stocks were a touch weaker in early trade on Tuesday as worries about the Chinese economy and elevated interest rates, and a warning from Moody’s over the US credit rating weighed on sentiment.
Europe open: Shares slip on rate fears, Moody's US credit warning
European shares opened lower on Tuesday as persistent fears over higher interest rates and a warning from Moody's that a looming US government shutdown would threaten America's triple-A credit rating.
Full-year profits slide at Close Brothers
Close Brothers Group reported a decline in its full-year statutory operating profit before tax on Tuesday, to £112m from 2022’s £232. 8m.
Government shutdown would be "credit negative" for US, says Moody's
A government shutdown would be "credit negative" for the US economy, warned Moody's Investors Service in a report late Monday.
Redde Northgate says demand still outstripping supply in UK, Ireland
Van rental firm Redde Northgate said demand continued to outstrip supply in the UK and Ireland as it made a strong start to the current fiscal year.