Market Pulse
US open: Dow drops 90 points despite positive GDP, housing data
US stocks declined early on Tuesday, as an upwardly revised GDP data failed to allay concerns due to a fresh rise in geopolitical tensions.
Microsemi to buy PMC-Sierra for $2.5bn
California-based semiconductor solutions company Microsemi Corp has agreed to buy PMC-Sierra Inc in a cash and stock deal valued at around $2. 5bn, the companies announced on Tuesday, hours after rival Skyworks said it would not be raising its bid again.
AO World´s short-term multiples are astronomical, Shore Capital says
AO World´s shares will likely come under pressure amid an "erratic" retail environment thus far in the third quarter and after the company posted larger than expected losses per share for the first six months of its financial year, Shore Capital said in a research note sent to clients.
US house prices pick up momentum in September
US house prices accelerated in September, data released on Tuesday showed.
Luxury stocks under pressure after Nomura downgrade
Luxury stocks in Europe were under the cosh on Tuesday after Nomura said expectations for 2016 may be too high and there is a risk of a sector de-rating.
Ladbrokes shareholders overwhelmingly approve Gala Coral deal
Ladbrokes shareholders have approved the FTSE 250 bookmaker’s planned merger with Gala Coral.
Homebuilding will be in focus in Autumn Statement, Deutsche Bank says
The housing market and houdebuilding will continue to be in focus when the Chancellor presents his Autumn statement, Deustche Bank said in a research report sent to clients.
US GDP third quarter estimate revised higher to 2.1% as expected
US economic growth was revised higher in the third quarter in line with analysts' expectations, the Commerce Department revealed on Tuesday.
Putin says Turkey shooting down Russian jet near Syria a 'stab in the back'
Russian President Vladimir Putin has said Turkey shooting down a Russian fighter jet on Tuesday is a "stab in the back", RT reported.
Creston warns on profits but core remains strong
Marketing group Creston has warned full year results will miss targets after the first half was hit by weakness in the euro, client budget restraints and a decline in healthcare advertising sales.
Tuesday newspaper share tips: Conflicting views on Mitie Group
The newspaper pundits had some conflicting views on Tuesday about what to do with shares in outsourcer Mitie Group.
Vodafone and Liberty Global talks could resume, JP Morgan says
If Vodafone can continue to deliver on its financial targets that could open the way for an asset swap with Liberty Global mooted earlier in 2015, a top research team said on Tuesday.
Rockhopper agrees merger with Falkland Oil and Gas
Rockhopper Exploration and Falkland Oil and Gas Ltd (FOGL) have agreed an all-share merger that will create a group with the largest licence ownership in the North Falkland Islands oil fields.
Asia: Stocks struggle for direction as commodities slump continues
Asian stocks closed on a mixed note on Tuesday, as a decline in commodities prices piled further pressure on markets in the region.
US pre-open: Futures slide amid heightened geopolitical worries
US stock futures turned south on Tuesday, as investors awaited a raft of economic data and amid a new rise in geopolitical tensions.
London midday: Travel and leisure stocks lead equities lower
London equities dropped at midday trading on Tuesday as the Bank of England warned on the risks from slowing growth in emerging markets.
Europe midday: Stocks slide amid heightened geopolitical concerns
European stocks fell on Tuesday as geopolitical concerns intensified after a Russian warplane was shot down by Turkey.
Reports indicate Russian foreign minister cancels visit to Turkey
Unconfirmed reports on Tuesday said Russia´s foreign minister Sergey Lavrov had cancelled a planned trip to Turkey.
Interest rates could go down, not up, says BoE's chief economist
The Bank of England’s chief economist Andy Haldane has warned that monetary policy may need to be eased rather than tightened in the short term.
Bookshops to take on 'Black Friday' with 'Civilised Saturday'
As retailers across the UK prepared to open their doors to hordes of bargain hunters this Friday, the nation’s independent bookshops were gearing up for an altogether more sophisticated affair including tea and cake, on what will be the first ever ‘Civilised Saturday’.