Market Pulse
US ISM manufacturing index hits six-year low
The US ISM manufacturing index fell to its lowest level since July 2009 last month, figures released on Tuesday showed.
Brent "unlikely" to cap $60/bbl by end-2016, experts say
The oil price is unlikely to exceed $60 per barrel by the end of 2016, using Brent as a global proxy benchmark, industry experts said on Tuesday at Fitch Ratings' London Energy Seminar.
US construction spending beats forecast in October
US construction spending jumped in October, figures released on Tuesday showed.
HSBC downgrades Weir as oil and gas markets deteriorate
HSBC downgraded Weir to ‘reduce’ from ‘hold’ and slashed the price target to 1,000p from 1,300p after what it saw as a further deterioration in conditions in oil and gas markets.
Security alert near London Bridge station over
Police have given the all clear to a building evacuated after a security alert near London Bridge station.
US open: Stocks gain ground despite poor ISM data
US equities rallied early on Tuesday, as Wall Street looked to begin December on the front foot, despite some disappointing manufacturing data.
US manufacturing sector slows down in November
The US manufacturing sector expanded at its slowest pace in 25 months as output and new orders slowed down, figures released on Tuesday showed.
Broker tips: Babcock, Petra Diamond, Merlin Enetertainments
Babcock is in a sweet-spot strategically, given its growing market and “solid” barriers to entry, but at present there are “too many risks for comfort” around the investment case, analysts said.
Merlin Entertainments could be worth 50% more, ShoreCap says
Depending on the valuation model chosen, Merlin Entertainments's expansion plans could boost the value of the company's discounted cash flow by half, Shore Capital said in a research note sent to clients.
FTSE 250 movers: Drax powers ahead but Sophos slumps on stake sale
London's FTSE 250 index was up 0. 5% to 17,507. 03 at 1435 GMT, tracking the broader market as investors cheered news that Britain's big banks had passed the Bank of England's stress tests.
China New Energy says no progress has been made on Sunbird project
China New Energy said no further developments have been made on its non-binding memorandum of understanding with Sunbird Bioenergy Africa.
Tuesday newspaper share tips: Glimmer of hope for Petra Diamonds
Petra Diamonds has a glimmer of hope according to The Telegraph’s Questor.
BlueCrest Capital to return $8bn to investors as it goes private
Hedge fund BlueCrest Capital Management said it will return to its clients the $8bn (£5. 3bn) it currently manages on their behalf to focus on managing assets solely on behalf of its partners and employees.
BAT signs vapour collaboration with RJ Reynolds Tobacco Co
British American Tobacco has signed a vapour products technology-sharing agreement with RJ Reynolds Tobacco Company, which is a subsidiary of Reynolds American Inc.
ISG issues new construction profit warning
ISG has warned that full year profits will be hit by disappointing trading from its construction division, which is expected to slip into a surprise loss.
Chinese consortium buys 13% stake in Manchester City
A consortium of Chinese investors has bought a 13% stake in Manchester City for £265m.
National Grid unlikely to table a bid for ITC Holdings
A bid from National Grid for US electricity-transmission company ITC Holdings Corp. is unlikely according to the Financial Times's Alphaville blog.
Saga makes small profit from Allied Healthcare sale
Saga has sold its Allied Healthcare domiciliary care subsidiary for £19m to private equity investor Aurelius Group.
Cadbury owner Mondelez said to be looking to offload brands in Europe
Mondelez International, the American food giant that owns Cadbury, is reportedly looking to offload a number of confectionery products in Europe and the UK.
Europe midday: Stocks little changed as investors wade through data releases
European stocks wavered as investors waded through an avalanche of data releases amid growing expectations that the European Central Bank will announce additional stimulus measures on Thursday.