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US close: Tesla, Powell comments drive markets to new highs
Despite a mediocre start, US stock markets rallied into the afternoon with the S&P 500 finishing above the 5,500 mark for the first time and the S&P 500 notching its 22nd record close of the year.
Sector movers: Construction, Big Oil pace gains
Construction stocks paced gains on the FTSE 350 on Tuesday, in anticipation of a Labour victory at the next elections and of policies friendly to the sector.
Europe close: Stocks trim losses across the continent
European markets were in the red on Tuesday after core inflation proved stickier than expected, but stocks rallied into the close with indices finishing well above their intraday lows.
Broker tips: Bunzl, National Grid, Sainsbury
Analysts at RBC Capital Markets hiked their target price on distribution group Bunzl from 2,600. 0p to 2,700. 0p on Tuesday following the company's Q2 trading update.
Wednesday preview: Fed minutes, ISM services PMI in the spotlight
Investors' focus on the day ahead of the elections will be on a raft of US economic reports that are due out.
US job openings rise slightly in May
Job openings in the US rose modestly last month and more Americans felt secure enough to hazard leaving their job voluntarily and find new employment.
London close: Stocks fall on EU inflation, US jobs data
London stocks closed lower on Tuesday as investors digested eurozone inflation data and a modest increase in US job openings.
Addison Lee owners said to be exploring sale
The owners of Addison Lee have reportedly begun exploring a sale of the company they took control of four years ago.
BofA says Airbus purchase of Spirit Aero will de-risk medium-term ramp
Analysts at Bank of America kept their recommendation for shares of Airbus at a 'buy' following news that it had acquired the operations of Spirit Aero linked to its jets.
FTSE 250 movers: Real estate stocks up on Tritax Eurobox M&A activity
The FTSE 250 was keeping its head above water on Tuesday despite a wider sell-off across European stock markets with some big names in the real estate and investment sectors were lifted by M&A activity involving Tritax Eurobox.
Director dealings: Prudential director snaps up shares
Prudential revealed on Tuesday that non-executive director Jeremy Anderson had acquired 10,000 ordinary shares in the London-listed insurance company.
Tritax Eurobox says Brookfield offer deadline extended; in talks with other parties
Tritax Eurobox rallied on Tuesday after it said the deadline for Brookfield Asset Management to make an offer for the company has been extended, and that it had received other expressions of interest from a number of parties.
FTSE 100 movers: Beazley hit by Hurricane woes; 3i Group boosted by Citi note
London’s FTSE 100 was down 0. 5% at 8,125. 77 in afternoon trade on Tuesday.
Caspian Sunrise reports progress on several fronts
Caspian Sunrise updated the market on its recent activities on Tuesday, including well testing results, new drilling, and preparations for the charter of the Caspian Explorer.
US open: Stocks slightly lower as Powell speaks in Europe
Wall Street stocks were mostly lower early on Tuesday as market participants digested comments from Federal Reserve chairman Jerome Powell before the European Central Banking Forum.
Ilika completes technology transfer to FCA subsidiary Comau
Solid-state battery technology specialist Ilika announced a milestone in the development and commercialisation of its ‘Goliath’ large-format cells on Tuesday.
Tesla shares pop on better-than-expected delivery numbers
Tesla shares were rising on Tuesday, after it reported a smaller-than-expected decline in vehicle deliveries for the second quarter on the back of strategic price cuts and incentives designed to boost demand.
CleanTech announces results of plant location study
CleanTech Lithium announced the results of a plant location study on Tuesday, as part of the ongoing pre-feasibility study (PFS) for its Laguna Verde Project in Chile.
Europe midday: Sticky inflation and French politics hit markets
European markets were sea of red on Tuesday after core eurozone inflation came in higher than forecast and renewed fears about political instability in France weighed on sentiment, with banking stocks bearing the brunt of the sell-off.
Shell pauses construction of Netherlands biofuels facility
Shell said on Tuesday that it has temporarily paused construction of a biofuels facility in the Netherlands.