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Wednesday preview: US Fed decision, CPI on traders' minds
Will the US Federal Reserve cut interest rates three times by the end of 2024? Or only twice and perhaps even less? .
Euro 2024 expected to give retailers a big boost, BRC poll shows
This summer's EUFA European Championship is expected to give UK retailers a big boost, according to a poll released on Wednesday by the British Retail Consortium.
US close: Markets mixed ahead of FOMC and CPI, but Apple surges
US stocks finished in a mixed fashion on Tuesday with the Dow falling but the Nasdaq putting in decent gains, helped by a strong performance from tech heavyweight Apple.
Idox reports robust first-half performance
Information management software and geospatial data specialist Idox reported a robust half-year financial performance on Tuesday, with key metrics in line with expectations.
Europe close: Political uncertainty weighs heavily on stocks
European stocks dropped sharply on Tuesday as ongoing political uncertainty weighed heavily on market sentiment in the aftermath of European Parliament elections which saw the advance of a number of far-right parties.
Broker tips: Intertek, GSK, HIkma Pharmaceuticals
Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400. 0p to 5,500. 0p on Tuesday, citing faster-than-expected margin accretion.
Henry Boot subsidiary finalises land sale
Henry Boot announced on Tuesday that its subsidiary, Hallam Land Management, has finalised the sale of a freehold site in Ambrosden, Oxfordshire, to housebuilder Mulberry Homes.
London close: Stocks fall as UK wages rise faster than expected
London stocks closed in the red on Tuesday as unexpected wage growth data added to market concerns and the Conservative party unveiled its election manifesto.
Pantheon Resources releases independent report on Ahpun field
Pantheon Resources announced the results of an independent expert report (IER) by Cawley Gillespie & Associates (CGA) for the Ahpun field on Tuesday, estimating 280 million barrels of recoverable ANS crude oil.
GB Group reports results in line with expectations
Identity and location software specialist GB Group reported a set of results that aligned with its April trading update on Tuesday.
Iomart announces robust results, appoints new chair
Cloud computing and managed services provider Iomart Group announced a robust set of financial results for the year ended 31 March on Tuesday, as well as the appointment of a new board chair.
Director dealings: Sabre Insurance non-executive director raises stake
Sabre Insurance revealed on Tuesday that non-executive director Bryan Joseph had acquired 15,209 ordinary shares in the London-listed private motor insurance underwriter.
FTSE 250 movers: Oxford Instruments in favour; Hochschild slips
FTSE 250 (MCX) 20,291. 15 -0. 76%.
UK's Sunak pledges £17bn in tax cuts, but questions remain over reliability of planned funding
Embattled UK Prime Minister Rishi Sunak has promised almost £17bn in tax cuts in an effort to kick-start his faltering election campaign that sees his Conservative Party trailing badly in the polls ahead of the vote on July 4.
US open: Stocks mixed as FOMC meeting begins
Wall Street stocks were mixed early on Tuesday as market participants prepared for the outcome of the Federal Reserve's two-day policy meeting.
OPEC keeps global oil demand forecasts unchanged
The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
FTSE 100 movers: Hikma boosted by Citi note; miners slump
London’s FTSE 100 was down 0. 9% at 8,152. 46 in afternoon trade on Tuesday.
Berenberg hikes target price on Intertek
Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400. 0p to 5,500. 0p on Tuesday, citing faster-than-expected margin accretion.
Zantac litigation fears overdone at GSK, says Shore Capital
Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but the long-term investment case is "still appealing", according to Shore Capital, which kept a 'buy' rating on the stock.
UK mortgages in arrears hit highest level since 2016
The share of outstanding UK mortgages in arrears rose to its highest level in nearly eight years in the first quarter of 2024, according to statistics released on Tuesday by the Bank of England, as elevated borrowing costs took their toll on household finances.