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London open: Stocks rally on Fed comments; grocery price inflation eases
London stocks rose in early trade on Tuesday, taking their cue from a positive session on Wall Street, as hopes of a pause in US rate hikes helped to offset concerns over the conflict in the Middle East.
Deal-hunting pulls UK grocery inflation to 14-month low
A continuing hunt for deals meant that the annual rise in UK grocery prices eased to a 14-month low in September, with budget retailers Aldi and Lidl continuing to take market share from some of the bigger players.
Currys evaluating non-binding offers for Greek business
Electricals retailer Currys said on Tuesday that it has received interest from several potential buyers for its Greek business, Kotsovolos.
YouGov reports 63% surge in annual profits
Research and data analytics group YouGov saw annual profits surge as it reiterated its confidence in hitting market forecasts for the current year in spite of a "difficult trading environment".
Speedy Hire buys GPH for £20.2m; FY seen in line
Tool and equipment hire services firm Speedy Hire said on Tuesday that its full-year performance was set to be in line with expectations after a "satisfactory" first half, as it announced the acquisition of Green Power Hire Limited (GPH) for £20. 2m.
Alpha FMC still set to meet expectations, Greencore to beat profit forecasts
London open The FTSE 100 is expected to open 55 points higher on Tuesday, having closed down 0. 03% on Monday at 7,492. 21.
London pre-open: Stocks seen up after positive US close
London stocks were set to rise at the open on Tuesday following a positive close on Wall Street, after Federal Reserve officials suggested the recent spike in bond yields may mean the central bank can leave interest rates unchanged.
Consultancy Alpha on track but quiet summer hits margins
Consultancy business Alpha Financial Markets Consulting said it still expects to meet full-year market expectations despite a drop in margins in the first half.
Tuesday newspaper round-up: Dogger Bank, Metro Bank, Figma
The first turbine to be completed in a project to build the world’s largest offshore windfarm, in the North Sea, has begun powering British homes and businesses. Developers confirmed on Monday that Dogger Bank, which sits 70 nautical miles off the coast of Yorkshire, started producing power over the weekend as the first of 277 turbines was connected to the electricity grid. – Guardian.