Market Pulse
TalkTalk teenage hacking suspect out on bail
The 15-year old boy arrested over an alleged cyber attack on TalkTalk has been released on bail, police said.
Dialight sees dark times for LED lighting sales
Shares in Dialight dimmed on Tuesday as the LED lighting group’s new chief executive, Michael Sutsko, revealed his new strategy but also warned of much slower sales growth and increased uncertainty for the rest of the year.
Strat Aero on track for £1.3m engineering contract
AIM-listed aerospace company Strat Aero’s unmanned aerial vehicle inspection and surveying division Geocurve Holdings has been notified by civil engineer Barhale PLC of its intention to award the business a £1. 3m contract.
Amino Technologies slumps on profit warning
Amino Technologies' full-year profit is likely to be lower than expected due to a shortfall in second-half revenue from its core business.
US durable goods decline for second consecutive month
Orders for US durable goods fell slightly less than expected last month, figures released on Tuesday showed.
Europe midday: Stocks in the red as investors eye Fed rate announcement
European stocks were in the red as investors erred on the side of caution ahead of Wednesday’s rate announcement by the Federal Reserve.
US pre-open: Futures edge lower ahead of deluge of earnings and economic reports
US stock futures turned south on Tuesday, as investors awaited a deluge of corporate earnings and some key economic reports.
Shire jumps on positive lifitegrast trial results
Shire rallied after the Dublin-based pharmaceuticals company reported positive results from a study on its lifitegrast treatment for dry eye disease.
London midday: Equities slip as UK GDP slows more than expected in Q3
The UK equity market was under the cosh on Tuesday after data showed the UK economy slowed more than expected in the third quarter.
Glaxo gets good results from shingles and asthma treatments; heart drug disappoints
GlaxoSmithKline has received positive results from studies on its asthma treatment, Advair Diskus and Shingrix, its treatment for shingles, but the results of a study on its losmapimod drug for heart treatment were disappointing.
Vedanta second quarter profit tumbles on weak commodity prices
Mining group Vedanta Resources posted a sharp decline in quarterly profits, as the group continued to be hampered by the worlwide weakness in oil and gas prices.
Eurozone money supply growth slows down in September
The rate of growth in the Eurozone's money supply was slower than expected in September, as the pace at which credit was extended to the private sector cooled.
Kazakhstan reportedly weighing penalty on BG/Eni JV
Kazakhstan’s government is reportedly considering imposing a penalty on a joint venture led by BG Group and Eni that operates the nation’s second-biggest producing oil and gas field as the state looks for extra revenue to boost its finances.
UK GDP slows more than expected in third quarter
UK economic growth slowed more than expected in the third quarter, reflecting weakness in manufacturing and construction industries, the Office for National Statistics revealed on Tuesday.
Peel Hunt downgrades Entertainment One after rights issue
Peel Hunt downgraded Entertainment One to ‘hold’ from ‘buy’ and cut the price target to 260p from 340p, as the rights issue is digested by shareholders.
Asia: Equity markets struggle for direction as concerns over China persist
Asian equity markets struggled for direction on Tuesday, with investors avoided big bets as they awaited the outcome of a Chinese five-year economic planning summit.
Credit Suisse downgrades Pearson on limited visibility
Credit Suisse downgraded Pearson to ‘neutral’ from ‘outperform’ and slashed the price target to 970p from 1,455p following the company’s third-quarter trading update last week.
Renewables Infrastructure Group plans to raise more funds
Renewables Infrastructure Group unveiled plans to raise further funds from its equity placing programme.
Union Jack Oil raises GBP800,000 through share placing
Union Jack Oil has raised £800,000 through a placing of 470. 6m shares at 0. 17p each.
Serica Energy inks deal with BG and SSE
Oil explorer Serica Energy has reached a deal with BG Group and SSE to increase its resource stake in the Columbus Field offshore the UK by 50% to 7. 8m barrels of oil equivalent.