Market Pulse
Tuesday newspaper share tips: Bovis Homes, Sage
Bovis Homes should hold the course on its current strategy but management will have to be patient given investors' caution and shareholders should avoid the stock, The Times's Tempus said.
Strong euro could benefit full-year numbers for SCISYS
Bespoke software systems supplier SCISYS updated the marker ahead of releasing its interim results in September on Tuesday.
US pre-open: Stocks seen flat ahead of CPI, housing starts
US futures pointed to a broadly flat open on Wall Street, with investors likely to pause for breath after the main indices closed at record highs in the previous session.
BHP Billiton posts record loss for the year
Miner BHP Billiton reported a record loss in the year to the end of June as weaker commodity prices, writedowns and the dam disaster in Brazil took their toll.
Inflation increases to highest level since November 2014
UK inflation edged higher in July to its highest level since late 2014, lifting sterling from its lows, though official figures released on Tuesday showed core inflation had slipped lower.
Asia report: Markets lose steam and yen races towards dollar
Record closing levels in the US failed to blow steam into Asia on Tuesday, with Japan particularly slumping as the yen saw renewed strength.
German investor confidence improves less than expected
German investor confidence improved less than expected in August, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Rotork, Spectris and Halma slump on HSBC downgrade
Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers.
Rail fares to increase 1.9% in 2017 after RPI inflation rises
Regulated rail fares in England, Scotland and Wales are due to increase by 1. 9% from January 2017 based on official retail price inflation increases announced on Tuesday.
Marshall Motor posts jump in interim profit and revenue
AIM-listed Marshall Motor Holdings posted a jump in interim profit and revenue and lifted its dividend.
Liberum upgrades IG Group to 'buy'
Liberum upgraded IG Group to ‘buy’ from ‘hold’ and lifted the price target to 986p from 770p.
Europe open: Stocks push lower in early trade; miners in focus
European stocks pushed lower in early trade, with miners in focus following earnings from BHP Billiton and Antofagasta.
London open: Stocks edge lower ahead of data slew; BHP, Antofagasta in focus
Stocks in London edged lower in early trade despite strong cues from the US as investors braced for a slew of key data releases.
Cairn Energy narrows loss as development continues
Cairn Energy posted its half-year results to 30 June on Tuesday, reporting $414m group net cash at period end, and Norwegian tax receivable of $45m.
Antofagasta's heavy cost cuts lift earnings above forecasts
Although first-half revenue was lower for Antofagasta, the Chilean copper mining colossus improved earnings and kept its dividend flat thanks to some heavy cost cutting.
BGEO profits surge ahead of generous Georgian corporate tax cuts
Growth across retail banking, corporate banking and its investment arm saw BGEO drive profits and allowed it to further benefit from the Georgian government’s generous new tax policy.
Polypipe posts record operating margin in first half
Plastic piping and ventilation systems manufacturer Polypipe Group announced its half year unaudited results for the six months to 30 June on Tuesday, with revenue 31% higher at £223. 3m.
Wood Group H1 profit and revenue slide; wins $700m Kazakhstan contract
Wood Group posted a drop in profit and revenue for the first half amid “challenging” conditions in the oil and gas market but reaffirmed its outlook for the full year.
Balfour Beatty wins largest US contract to date
International infrastructure group Balfour Beatty announced on Tuesday that it has been awarded a $697m contract to undertake electrification of the 52-mile Caltrain rail corridor between San Francisco and San Jose, in preparation for the future operation of high speed trains.
London pre-open: Stocks seen weaker ahead of data
London stocks were set for a weaker open on Tuesday despite a solid session on Wall Street, as investors braced for a slew of key data releases.