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US close: Stocks mixed following Powell testimony
Major indices delivered a mixed performance on Tuesday as Federal Reserve chairman Jerome Powell headed to Washington DC to testify before the Senate Banking Committee.
Fed's Powell says 'greater confidence' on falling prices still needed
The head of US central bank told lawmakers again on Tuesday that policymakers needed "greater confidence" that inflation was headed permanently lower before they could interest rates.
Aston Martin rallies as Enrico Cardile set to join F1 team
Aston Martin rallied on Tuesday on news that Enrico Cardile will join its F1 team in 2025 as chief technical officer, having recently left Ferrari, where he was chassis technical director.
Sector movers: UK stocks underperform their US peers again
UK stocks underperformed their peers on the other side of the Pond again on Tuesday.
Europe close: Politics and Powell comments weigh on stocks
European stocks finished firmly lower on Tuesday as ongoing political uncertainty weighed on sentiment, while the Federal Reserve quashed speculation that an interest-rate cut might be on the cards sometime soon.
Broker tips: Curry's, Anglo American
Deutsche Bank upgraded Currys on Tuesday to 'buy' from 'hold' as it turned more positive on UK retailers.
Wednesday preview: China CPI, Direct Line Group in focus
Investors' focus in the middle of the week will shift a tad towards Asia Pacific.
London close: Stocks slip as investors digest Powell's comments
London stocks ended in negative territory on Tuesday, driven by concerns over a decline in retail sales and the impact of comments from US Federal Reserve chair Jerome Powell.
Director dealings: Science in Sport non-executive director acquires shares
Science in Sport revealed on Tuesday that non-executive director Roger Mather had acquired 117,647 ordinary shares in the AIM-listed performance nutrition business.
Dyson to axe 1,000 UK jobs
Vacuum cleaners and household electrics maker Dyson said it was cutting 1,000 jobs in the UK.
BP warns on refining margins, will take up to $2bn impairment hit
BP said it would take a hit of up to $2bn in the second quarter relating to asset impairments along with a hit to margins and lower profits from oil trading.
FTSE 100 movers: BP slumps on update; utilities gain
London’s FTSE 100 was down 0. 6% at 8,141. 35 in afternoon trade on Tuesday.
US open: Stocks mixed as Powell begins two-day testimony
Wall Street trading got off to a mixed start early on Tuesday as Federal Reserve chairman Jerome Powell headed to Washington DC to testify before the Senate Banking Committee.
Finseta reports strong set of first-half results
Finseta reported strong unaudited results for the first half of 2024 on Tuesday, demonstrating significant growth in revenue and profitability.
UK card spending falls for first time since February 2021
The amount that UK consumers spent on cards declined last month for the first time since the middle of the pandemic, as June's mixed weather hit high street purchases but boosted spend on takeaways, streaming subscriptions and overseas travel.
Audioboom extends partnerships with several podcasts
Podcast producer and distributor Audioboom announced the extension of partnerships with several top-tier podcasts on Tuesday, including The Broski Report, The Nateland Podcast, Serialously with Annie Elise, National Park After Dark, and Minds Of Madness.
NFIB US small business optimism index rises to 91.5 in June
The National Federation of Independent Business' business optimism index rose to 91. 5 in June, up from 90. 5 a month earlier, for the highest reading since the start of 2024.
Cora Gold announces promising drilling results from Tambor
Cora Gold announced promising results from a reconnaissance reverse circulation (RC) drilling programme at the Tambor gold anomaly within its Madina Foulbé exploration permit in East Senegal on Tuesday.
Mulberry appoints Andrea Baldo as new CEO
Mulberry said on Tuesday that it has appointed Andrea Baldo as its new chief executive officer, replacing Thierry Andretta who is stepping down with immediate effect.