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US close: Stocks retreat from record highs as post-election rally stalls
US stocks snapped a five-day winning streak on Tuesday, pulling back from record levels as the post-election rally ran out of steam with bond yields at a four-month high.
Europe close: Stoxx 600 hits three-month low on China, US tariff fears
European stocks fell sharply on Tuesday to a three-month low as a gloomy German sentiment survey and ongoing concerns about US tariff concerns triggered a sell-off.
Broker tips: Direct Line, Morgan Advanced Materials, Melrose Industries, Pan African Resources
Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 165. 0p from 235. 0p, stating the industry-wide turn to deflation meant that the time to raise prices ahead of inflation without materially contracting the policy count has now passed.
OPEC cuts oil demand forecasts for fourth straight month
The Organization of Petroleum Exporting Countries has lowered its outlook for oil demand this year for the fourth straight month after pushing back a scheduled production increase as prices slumped.
London close: Stocks sink as UK jobless rate rises
London stocks fell sharply on Tuesday as investors digested recent UK employment data alongside broader market reactions to Donald Trump's US presidential victory last week.
Time Finance reports continued positive trading progress
Time Finance announced continued positive trading momentum in the first five months of its 2025 financial year on Tuesday, driven by record revenues and a growing lending book.
Oriole announces promising results from Mbe trenchine
Oriole Resources updated the market on exploration at its Mbe gold project in Cameroon on Tuesday, announcing promising results from phase two infill trenching and the planned start of a maiden drilling programme in the fourth quarter.
Director dealings: Travis Perkins CEO snaps up shares
Travis Perkins revealed on Tuesday that chief executive Pete Redfern had acquired 249,218 ordinary shares in the FTSE 250-listed builders' merchant.
First Property raises expectations after solid first half
First Property Group reported a strong performance for the first half of its financial year on Thursday, despite challenges in the property market.
SoftBank smashes forecasts with big Q2 profit
Japanese investment giant SoftBank smashed forecasts with results for its second fiscal quarter, as big gains in its tech investments helped it swing to a massive $7. 7bn net profit.
Elliott takes $5bn stake in Honeywell, urges split into two businesses
Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
FTSE 100 movers: Fresnillo loses its shine; Convatec surges
London’s FTSE 100 was down 1. 1% at 8,039. 06 in afternoon trade on Tuesday.
Berenberg raises target price on Pan African Resources
Analysts at Berenberg raised their target price on Pan African Resources from 34. 0p to 45. 0p on Tuesday after the group announced that it had agreed to acquire Australia's Tennant Consolidated Mining Group.
US open: Stocks build on record highs
Wall Street trading got off to a positive start on Tuesday after closing at fresh record highs in the previous session.
Schrödinger surges on Novartis collaboration agreement
Schrödinger surged on Tuesday after it announced a $2. 5bn research collaboration and license agreement with Novartis to advance multiple development candidates into the Swiss pharma firm’s portfolio for further development.
Home Depot ups full-year outlook after Q3 beat
Home improvement retailer Home Depot reported a small increase in profits in the third quarter as lower margins were offset by higher sales, with results coming in ahead of market expectations.
Festive shopping drives UK grocery sales to yearly high
UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high.
Citi highlights reassuring Melrose Industries site visit
Citi said in a note on Tuesday that a recent site visit at Melrose Industries’ Western Approach highlighted "a number of industry-leading technologies".
DCC to focus on energy sector, shares surge
DCC surged on Tuesday as it announced plans to simplify its operations and focus on the energy sector, reported a rise interim profit and lifted its dividend.