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US close: Nvidia pushes Nasdaq to new high, but Dow sinks
US equity indices finished mixed on Tuesday, the Dow falling more than 200 points on the back of inflation concerns and strong gains for chipmaker Nvidia pushing the Nasdaq to a new record high.
Boohoo u-turns on exec bonuses after investor outrage
Fast fashion retailer Boohoo has backtracked on a plan to seek investor approval to hand £1m each in bonuses to co-founders Mahmud Kamani and Carol Kane along with chief executive John Lyttle.
Sector movers: Travel stocks slip on geopolitics, crude prices
Travel and Leisure names paced losses on the FTSE 350 at the start of the holiday-shortened week.
London close: Stocks slip after hawkish Fedspeak
London stocks underperformed their US counterparts heading into the end of the month.
Europe close: Inflation jitters sink stocks as oil prices surge
A lack of economic data and corporate results prompted a mild sell-off across European stock markets on Tuesday, with investors choosing to keep their powder dry before key inflation data later in the week.
Ithaca appoints ENI's Luciano Vasques CEO as Q1 profits fall
North Sea oil and gas explorer Ithaca Energy on Tuesday said it had appointed ENI executive Luciano Vasques as chief executive officer following its £750m deal to buy almost all of the Italian firm’s UK assets and reported a fall in first-quarter profits on weaker gas prices and lower production.
Wednesday preview: Fedspeak, Beige Book in focus
Investors' focus in the middle of the week will continue to be on the scheduled remarks of top Fed officials as investors continue to wait on the week's key release, the PCE price index on Friday.
Director dealings: Spectris non-exec picks up some shares
Alison Henwood, a non-executive director at Spectris, picked up some shares in the electronics and test equipment manufacturer.
Broker tips: Fevertree, LSE Group, Mitchells and Butlers
Goldman Sachs downgraded Fevertree to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 1,050p from 1,075p.
Deutsche Bank stays at 'buy' on Mitchells & Butlers on improved outlook for costs
Analysts at Deutsche Bank placed a 'buy' recommendation on shares of Mitchells and Butlers following the pub owner's latest set of interim results.
FTSE 100 movers: ICG rallies on results; Flutter in the red
London’s FTSE 100 was down 0. 9% at 8,245. 71 in afternoon trade on Tuesday.
US consumer confidence breaks three-month stretch of declines in May
Confidence around current labour market conditions buoyed US consumer sentiment in May, the results of a closely followed survey revealed.
US open: Stocks mixed early as oil prices surge
US stocks were mixed on Tuesday morning with the Dow continuing its recent sell-off as investors turned cautious amid rising concerns about inflation, with oil prices jumping more than 2%.
Ofwat set to refuse water companies’ price increases; shares hit
UK water companies were under pressure on Tuesday following a report that Ofwat was set to refuse most companies’ requests to hike consumer bills, with some getting as little as half of what they have asked for.
Reeves rules out snap budget if Labour wins election
UK Labour Party shadow finance minister Rachel Reeves said there would be no emergency budget statement this summer if her party won the general election on July 4 and also ruled out further tax rises beyond what had been outlined already.
McLaren appoints three industry vets to board
F1, motorsports and supercar maker McLaren Group has appointed three new boardmembers in recent weeks, just two months after the sovereign wealth fund of Bahrain took full ownership of the manufacturer.
Calliditas Therapeutics surges on SEK11.8bn takeover offer from Asahi Kasei
Calliditas Therapeutics surged on Tuesday after Japan’s Asahi Kasei offered to buy the Swedish drugs firm for around 11. 8bn Swedish kronor.
T-Mobile to buy nearly all of US Cellular in $4.4bn deal
T-Mobile said on Tuesday that it has agreed to buy nearly all of US Cellular’s wireless operations in a $4. 4bn deal.
Flutter Entertainment hit as Illinois Senate approves sports betting tax
DraftKings and FanDuel owner Flutter Entertainment slid on Thursday after the Illinois Senate passed a bill that would make Illinois the second most expensive state for wagers to do business in.