Market Pulse
Hugo Boss tanks after issuing profit warning
Shares in luxury fashion chain Hugo Boss tanked on Tuesday after the company said a "challenging" market environment, especially in China and the US, together with the need to continue investing in its growth potential, would "depress earnings".
US close: Plunge in oil prices drags equities lower
US stocks closed lower on Tuesday as oil prices plunged and investors digested mixed economic data.
Sector Movers: Resource, financial stocks drag London market lower
Resource and financial stocks got a hammering on Tuesday, dragging the London market back into negative territory.
Commodities: Oil futures resume slide, gold recovers
Oil futures resumed their slide on Tuesday, as Saudi Oil Minister Ali Al-Naimi said there was no prospect of production cuts.
London close: FTSE closes lower as oil prices tumble
The FTSE 100 closed lower on Tuesday as oil prices fizzled and investors sifted through a batch of corporate earnings.
US open: Stocks decline as oil prices snap rally
US stocks declined on Tuesday as oil prices reversed gains in the previous session.
FX Roundup: Pound continues to slide on 'Brexit' concerns
The pound sterling continued to trade at six-year lows versus the dollar, as 'Brexit' concerns dominated market chatter on Tuesday, with a referendum on the country’s membership of the European Union set for 23 June.
JP Morgan to bolster provisions for commodities exposure
JP Morgan announced it intended to bolster its provisions against possible losses arising from the commodity space.
Saudi oil minister strikes conciliatory tone towards US shale oil producers
Saudi Arabia´s oil minister struck a conciliatory tone, telling a global gathering of energy industry executives they must "stick together" until markets rebalance and afterwards.
Europe close: Shares give back ground as pound weakens, oil falls
Profit-taking weighed on European shares on Tuesday, with some analysts pointing to the risk that heightened concerns about Brexit might add to the already uncertain market backdrop and as oil prices retreated from their surge on the previous day.
Bango reminds Peel Hunt of early ARM, says 'buy'
Broker Peel Hunt began coverage of Bango with a 'buy' recommendation, saying the mobile payment technology group is reminiscent of an early ARM Holdings.
MS International chair buys shares off colleague
MS International’s executive chairman has bought a portion of shares off his fellow director.
Fitbit crashes after projecting slowdown in sales
Shares in Fitbit were pummelled after the maker of wearable fitness trackers issued weaker than expected guidance overnight.
Stagecoach announces board changes; deputy chairman to step down
Transport operator Stagecoach announced some changes to its board of directors as it said deputy chairman and senior independent director Garry Watts plans to step down on 1 April.
Peel Hunt initiates ARM Holdings at 'buy'
Peel Hunt initiated coverage of chip designer ARM Holdings at ‘buy’ with a 1,200p price target, saying recent share price volatility was a buying opportunity.
Coms' Redstone wins in-building cellular system contract
AIM-listed Coms, a provider of infrastructure and smart building solutions, said its core division Redstone has won a “strategically-significant” contract to design and install an in-building cellular system serving nearly 1m square feet of office space in the city of London.
FTSE 250 movers: Meggitt keeps index flying in the black
In contrast to its older sibling, the FTSE 250 was in the black on Tuesday afternoon, up 16. 35 points (0. 10%) to 16,305. 15.
Mars widens product recall to 55 countries
Global chocolate manufacturer Mars has announced a mass product recall in 55 countries after bits of plastic impurities were found in a sample.
Drax's results plunge after challenging year
Despite severe market deterioration and difficult regulatory challenges, Drax said on Tuesday its EBITDA for the year to 31 December 2015 is in line with guidance.
US consumer confidence slumps in February
US consumer confidence slumped much lower than expected in February, according to data from the Conference Board.