Market Pulse
Broker tips: Meggitt, Tullett Prebon, Housebuilders
Aerospace and defence engineer Meggitt rallied after Barclays reiterated its ‘overweight’ rating on the shares, saying the stock was “too cheap to ignore”.
Indivior raises 2015 guidance but quarterly income declines
Specialty pharmaceuticals company Indivior posted a 9% drop in third-quarter revenue but lifted its revenue and income guidance for the full year.
Meggitt is too cheap to ignore, says Barclays
Aerospace and defence engineer Meggitt rallied after Barclays reiterated its ‘overweight’ rating on the shares, saying the stock was “too cheap to ignore”.
Tullett Prebon tumbles as Barclays downgrades on valuation
Shares in Tullett Prebon fell sharply after Barclays downgraded the stock to ‘underweight’ from ‘equalweight’ and slashed the price target to 310p from 385p on valuation concerns.
Tuesday newspaper share tips: Hikma Pharmaceuticals and Shire under the microscope
Pharmaceuticals were on the newspaper pundits’ agenda on Tuesday after Hikma Pharmaceuticals caused a bit of pain.
US pre-open: Futures turn south ahead of raft of corporate earnings
US stocks futures pointed south on Tuesday, as investors looked ahead to yet another batch of important corporate earnings.
Housebuilders slump as Liberum highlights margin concerns
Housebuilders were under pressure after Liberum downgraded its stance on Barratt Developments, Persimmon and Taylor Wimpey to ‘sell’ from ‘hold’.
London midday: Stocks dip after UK construction PMI falls
London stocks fell after data showed UK construction sector growth slowed in October.
Asia: Australian stocks lead region higher
Most Asian equity markets moved into positive territory on Tuesday, as concerns over a slowdown in China abated slightly.
Europe midday: Stocks struggle for direction as investors sift through earnings
European stocks wavered on Tuesday as investors sifted through a batch of mixed corporate results.
Kennedy Ventures soars as plant for Namibia project is fully commissioned
Shares in Kennedy Ventures surged over 25% on Tuesday morning, after the investing company said the process plant for the Tantalite Valley project in Namibia had successfully commissioned.
Pendragon on track to meet full year expectations
Motor dealerships operator Pendragon said it remains on track to meet its annual goals, buoyed by strong trading in the third quarter.
GETECH Group warns trading will miss expectations next year
Shares in GETECH Group slumped over 14% early on Tuesday, after the oil services businesses warned its trading in the new year will be “substantially below” market expectations.
Barclays upgrades William Hill, initiates coverage of Paddy Power
Barclays upgraded William Hill to ‘overweight’ from ‘equalweight’ and lifted the price target to 415p from 385p as it took a look at the European gaming sector.
UBS profit beats estimates but shares drop as it cuts financial targets
UBS slumped on Tuesday despite posting better-than-expected third-quarter profit, as the bank cut its financial targets on the back of new capital rules and a difficult macroeconomic backdrop.
K3 Business Technology Group wins second major German contract
K3 Business Technology Group has won a major contract with one of Germany's largest online fashion retailers.
Standard Chartered plans to cut 15,000 jobs after disappointing third quarter results
Standard Chartered plans to cut 15,000 jobs as part of a strategic review following its disappointing third quarter results.
The People's Operator ditches EE in favour of Three
The People's Operator signed a new deal for network coverage with Three, replacing its previous supplier.
UK construction sector remains firmly in positive territory in October
The UK construction sector expanded at a slightly lower pace in October but remained firmly in positive territory, data released on Tuesday showed.
Activision Blizzard to buy Candy Crush creator King in all-cash deal
Activision Blizzard announced it would buy-out Irish rival King Digital Entertainment to gain a footprint in the market for mobile gaming in an all-cash transaction valued at $5. 9bn (3. 8bn pounds).