Market Pulse
US close: Stocks end in the red as IMF cuts growth forecasts
US stocks ended in the red on Tuesday as the International Monetary Fund downgraded its US growth forecasts and investors digested comments from a Federal Reserve official who suggested interest rates should be hiked.
ECB officials reach consensus on tapering bond-buying, report says
Policy-makers at the European Central Bank had reached an informal consensus that their bond purchase programme would need to be tapered, according to Bloomberg.
FX round-up: Pound hits fresh 31-year low despite BoE optimism
Selling pressure on the pound carried over from the previous session and with a dash of 'hawkish' Fedspeak offsetting somewhat positive data on the economic front.
MPC still has room to act if needed, BoE's Saunders says
The Bank of England continued to enjoy "considerable flexibility" to respond to economic developments, whether they be positive or negative, the Monetary Policy Committee's newest member said.
Commodities: Dollar strength pushes precious metals sharply lower
Strength in the greenback piled pressure on commodities, especially in the precious metals space.
Trinity Biotech plummets after withdrawing heart attack device from FDA
Shares in healthcare manufacturer Trinity Biotech plunged after it withdrew the application for its heart attack diagnosis device with the US Food and Drug Administration on the regulator’s guidance.
Vice presidential candidates Pence and Kaine to face off in debate
After last week's fiery debate between Donald Trump and Hillary Clinton ahead of the US presidential election in November, Tuesday will see their respective running mates Mike Pence and Tim Kaine go at it in another televised debate.
Journey Group could be swallowed by Harwood vehicle
Jaguar Holdings and Journey Group announced on Tuesday that they are in discussions with regard to a possible offer to be made by Jaguar for the entire issued and to be issued share capital of Journey.
Facebook debuts online buy and sell Marketplace
US social media giant Facebook's expansion continues as it has launched "Marketplace", a local online buy-and-sell platform for its users.
Venn Life Sciences to offload Innovenn UK
Contract research organisation Venn Life Sciences announced on Tuesday that its wholly owned subsidiary, Venn Life Sciences Limited, has entered into a conditional agreement under which it and Lynchwood Nominees Limited, as custodian for the Helium Rising Stars Fund, would sell the entire issued share capital of Innovenn UK Limited for a total consideration of up to £4. 74m.
Ariana Resources expects first production from Turkey gold mine in Q4
Gold miner Ariana Resources said it was expecting the first production from its joint venture project in Turkey with Proccea Construction in the final quarter of the year.
Plutus PowerGen shares fall as company secures financing
Flexible power projects developer Plutus PowerGen announced on Tuesday that it has arranged a £3m asset financing facility for one of its indirect investment companies with Lombard North Central, a subsidiary of Royal Bank of Scotland.
FTSE 250 movers: Exporters exce but OneSavings tops the list
Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1. 66% higher late on Tuesday.
US open: Stocks mixed as IMF cuts US economic growth forecasts
US stocks were mixed on Tuesday as the International Monetary Fund lowered its growth forecasts for the world’s largest economy and a Federal Reserve official suggested interest rates should rise.
Northern Ireland could exercise Brexit veto, lawyer tells high court
The high court in Belfast has been told that Northern Ireland may be able to veto its exit from the European Union, after the region voted in favour of remaining in the bloc earlier this year.
Results round-up
Supercapacitors and energy management systems designer and manufacturer CAP-XX announces its audited results for the year to 30 June on Tuesday, with sales revenue rising 12% year-on-year to AUD 5m.
Fed's Lacker argues in favour of preemptive action on interest rates
In remarks prepared for a speech on the Economic outlook, the president of the Federal Reserve bank of Richmond, Jeffrey Lacker, said: "While inflation pressures may seem a distant and theoretical concern right now, prudent pre-emptive action can help us avoid the hard-to-predict emergence of a situation that requires more drastic action after the fact.
Vela Technologies chips in to Vibe Tickets fundraising
Early stage and pre-IPO disruptive technology investing company Vela Technologies announced on Tuesday that, following the announcement of the loan note fundraising on 9 September, it has been approached with regards to new potential investment opportunities.
Assange promises Wikileaks revelations as US election approaches
Wikileaks founder Julian Assange has said that his organisation will be publishing secret information connected to the US presidential election, which is just over a month away.
Tuesday newspaper share tips: SVG Capital, Royal Dutch Shell
Harbourvest's offer for SVG Capital undervalues the company by such a wide margin that new bidders are likely to appear, The Times's Tempus said.