Market Pulse
London pre-open: Stocks seen lower as investors remain wary
London stocks are expected to open lower on Tuesday amid ongoing concern about the slowdown in China, with investors likely to keep a close eye on oil prices following heavy falls in the previous session.
December storms to cost Direct Line up to £140m
Direct Line Insurance Group estimates insurance claims for the series of storms in December will total between £110m to £140m.
Tuesday newspaper round-up: Shire, Toyota, yuan, CMC Markets
Shire’s $32bn takeover of Baxalta caps the company’s transformation from a specialist in pills for teenagers with attention deficit hyperactivity disorder into a leading producer of treatments for rare diseases. Flemming Ornskov, Shire’s ambitious Danish chief executive, has made a series of acquisitions to support this overhaul since taking charge in 2013 — but none as big as the one agreed on Monday. – Financial Times.