Market Pulse
Broker tips: Glencore, SuperGroup, Meggitt
Glencore got a boost after JPMorgan Cazenove upgraded it to ‘overweight’ from ‘neutral’ with an unchanged price target of 160p, as it pitched the stock against rival Anglo American.
US inflation rises 0.5% year-on-year in November, in line with forecasts
US inflation rose 0. 5% in November from a year ago, matching analysts' estimates and marking an improvement from the previous month's 0. 2% increase.
Motive Television develops TabletTV app for Apple TV
Motive Television has developed a beta version of its TabletTV app for the new Apple Television platform.
Utilitywise surges on improved energy supplier deal
As well as revealing a solid start to its new financial year, Utilitywise, the corporate utility switching provider, has negotiated improved terms with a second energy supplier that will improve future cash flows.
Al Noor Hospitals shareholders approve Mediclinic deal
Al Noor Hospitals’ shareholders have approved the Emirates-based healthcare provider’s combination with South Africa’s Mediclinic.
Arian Silver rejoins AIM but branded 'walking dead'
Shares in Arian Silver Corporation tanked 85% after resuming trading on AIM with management repeating the claim that there is enough cash to last until February.
Eurozone Q3 employment eases slightly; UK leads among major economies
Eurozone employment growth eased slightly in the third quarter of 2015 to 0. 3%, according to figures released on Tuesday by Eurostat.
US pre-open: Oil rises boost stock futures
US stock futures were looking up before the market opened on Tuesday, as oil prices begin to climb again.
StanChart reportedly culls energy M&A team
Standard Chartered threw in the towel after eight years of trying to build a global team focused on mergers and acquisitions in the energy space, Reuters reported citing unnamed sources.
ChemChina said to meet with Syngenta regarding takeover talks
China National Chemical Corp’s chairman Ren Jianxin reportedly met with Syngenta AG in Europe last week as the Chinese chemical firm looks to move ahead with a takeover plan following Dow Chemical and DuPont’s agreed merger.
Tuesday newspaper share tips: Old Mutual still highly exposed
The Telegraph's Questor was keeping an eye on the very volatile Old Mutual on Tuesday.
Mondi and Walki terminate agreement on EC competition concerns
Paper and packaging company Mondi has terminated its agreement to buy two of Walki Group’s extrusion coatings plants in Finland and Poland due to European Commission competition concerns.
Aveva plunges after Schneider Electric walks away from takeover talks
Aveva Group and French suitor Schneider Electric have terminated takeover talks after the pair were unable to reach agreement.
Europe midday: Stocks push higher as oil prices recover; FOMC in focus
European stocks powered ahead, bouncing back from losses in the previous session as oil prices recovered, with investors looking to the start of the Federal Reserve’s two-day policy meeting.
Brent futures may fall towards $30 a barrel, Citi says
Oil futures on both sides of the Atlantic might be headed lower soon, a top broker said on Tuesday.
London midday: Stocks rally as UK inflation returns in November
London stocks jumped as UK inflation returned in November with a 0. 1% rise compared to a year ago.
Imperial Tobacco may become a take-over target, Citi says
There was a "material chance" that Imperial Tobacco would become a buy-out target, more so given its relatively low exposure to risks from emerging markets, Citi said.
FCA fines Threadneedle Asset Management £6m
The Financial Conduct Authority has fined Threadneedle Asset Management £6m for failing to put in place adequate controls in the fixed income area of its front office and misinforming the regulator.
Glencore rallies as JPMorgan hails new strategy
Glencore got a boost after JPMorgan Cazenove upgraded it to ‘overweight’ from ‘neutral’ with an unchanged price target of 160p, as it pitched the stock against rival Anglo American.
UK inflation rises 0.1% year-on-year in November, as expected
UK inflation returned with a 0. 1% rise in November compared to a year ago, after the previous month's 0. 1% decline.