Market Pulse
US house prices rise less than expected in July
US house prices rose less than expected in July, data released on Tuesday showed.
Axel Springer buys controlling stake in Business Insider
German publisher Axel Springer has acquired a controlling interest in US-based Business Insider in a deal that values the business at $390m on a cash and debt-free basis.
Xtract Resources downgrades forecasts due to earthquake
Shares in Xtract Resources fell after the gold and copper mining and development company said it now expects third and fourth quarter profit to be lower than previously guided due to an earthquake in Chile.
Stratmin Global posts another consecutive six month loss
Stratmin Global has reported another six month loss in its latest half year results.
Japan Tobacco to buy Reynolds American unit for $5bn
Japan Tobacco has agreed to buy the Natural American Spirit business of Reynolds American Inc (RAI) outside the US for around $5bn.
Morrisons set to lift staff pay to above the living wage
UK supermarket retailer Morrisons will raise its hourly rate of pay for staff of all ages to £8. 20, above the national living wage due to be introduced by the government in April.
Glencore retains strong lines of credit, company says
Glencore remains "operationally and financially robust" and continues to retain strong lines of credit and secure access to funding.
German inflation slows more than expected in September
German inflation fell to zero growth in the year to September from a 0. 2% increase in August, the Federal Statistics Office revealed on Tuesday.
VW to submit "comprehensive" plan to regulators over emissions scandal
Volkswagen has a "comprehensive" plan of action to ensure its diesel models will be able to meet emission standards, Reuters reported.
Satellite Solutions Worldwide names new non-exec chairman
Communications company Satellite Solutions Worldwide Group (SSW) has appointed Michael Tobin as non-executive chairman.
Goldman Sachs cuts S&P 500 targets; sees December rate hike
Goldman Sachs cut its S&P 500 earnings forecasts and index price target, saying slower economic growth in the US and China and a lower oil price than it previously assumed translate into a reduced profit forecast and a lower trajectory for US stocks.
One in eight of EU population over 80-years-old by 2080
One in every eight people in the European Union will be 80-years or older by 2080 according to new research.
Dalata Hotel Group to close Clyde Court Hotel, but extends lease on Ballsbridge
Dalata Hotel Group has extended its lease on the Ballsbridge Hotel to at least April 2018, but at the expense of its lease on the Clyde Court Hotel.
Investors demonstrating "cold-bloodedness" over Wolseley, says Accendo
Shares in Wolseley have plunged on the back of news that some markets remain "challenging" despite some positive results from the building materials distributor.
Wolseley announces £300m buyback, says market conditions tough
Building materials distributor Wolseley said full-year operating profits were up despite challenging markets outside its US businesses, while announcing it was returning £300m to shareholders via a buyback.
Europe midday: Stocks mostly higher in choppy trade as autos rebound
European stocks were mostly higher in choppy trade, helped by a rebound in the auto sector and some encouraging Eurozone data.
US pre-open: Futures edge higher ahead of consumer confidence and housing data
US stock futures edged higher on Tuesday, as Wall Street looked to bounce back from the previous session’s decline ahead of reports on consumer confidence and the housing market.
UK retail sales grow more than expected in September, says CBI
Retail sales grew at a much stronger rate than expected in the year to September, and the robust growth is expected to continue next month, according to the Confederation of British Industry’s latest monthly Distributive Trades Survey.
Asia: Equity markets slump as concerns over China slowdown intensify
Asian equity markets closed in the red on Tuesday, as concerns over a slowdown in China spread to emerging markets.
Tuesday newspaper share tips: What to do with Glencore; Time to capitalise on Vodafone's drop
On Monday, Glencore shares tumbled after Investec warned the stock holds little value for shareholders. On Tuesday, we saw shares rise in the morning after Citigroup and Bernstein came out in defence of the mining company.