Market Pulse
Telit sees FCA expand scope of investigation
Internet of things enabler Telit has been notified by the Financial Conduct Authority that the watchdog has expanded the scope of its ongoing investigation into the accuracy of previous statements made by the troubled firm.
US pre-open: Stocks to bounce back from Monday's rout ahead of Fed
US stocks looked set for a positive open on Tuesday following heavy losses in the previous session, although investors were likely to exercise caution ahead of this week's Federal Reserve policy announcement.
London midday: Stocks in the red as investors eye Fed; National Grid slumps
London stocks remained in the red by midday on Tuesday, with Brexit and the upcoming Fed announcement weighing on the mood.
Ofgem proposes to halve energy returns, National Grid 'disappointed'
Electricity regulator Ofgem has proposed price controls for networks as part of its plans to save consumers £45 per year, sending shares of National Grid lower on Tuesday.
EasyHotel submits planning application for Paris development
Budget accommodation operator EasyHotel has submitted a planning application for a new 209-room new-build hotel near Paris' Charles de Gaulle Airport.
Dalata revenues improve in year of 'substantial' growth
Dalata Hotel Group has traded in line with expectations during the last four months of the year, with profits and revenue per available room increasing on last year.
AstraZeneca gets China approval for roxadustat
AstraZeneca's roxadustat drug has been approved in China for the treatment of anaemia in chronic kidney disease patients on dialysis.
Liberum downgrades Asos after profit warning, Credit Suisse upgrades
Credit Suisse and Liberum took different views on Asos on Tuesday, a day after the online fashion retailer's shares tumbled on the back of a shock profit warning.
Petrofac winning new business and cutting debt
Oil services engineer Petrofac said it was trading in line with expectations for the calendar year and winning new business in a market "that has seen some delays in contract awards".
Advanced Medical anticipates trading will meet expectations
Surgical products manufacturer Advanced Medical Solutions told investors on Tuesday that it had continued to make "good progress" in its current trading year.
Inspiration Healthcare signs exclusive agreement with US university
Medical device company Inspiration Healthcare has signed an exclusive agreement with a major US-based university for the worldwide rights to develop and commercialise a patented respiratory device designed for use in neonatal intensive care.
German business confidence deteriorates more than expected - Ifo
German business confidence deteriorated more than expected in December, according to a widely-followed survey released on Tuesday.
Orosur's Uruguay unit agrees payment plan with creditors
Orosur Mining announced on Tuesday that its wholly-owned Uruguayan subsidiary, Loryser, has reached a payment plan agreement with creditors in Uruguay.
AND International Publishers inks deal to create autonomous driving maps
AND International Publishers has entered into a strategic agreement with a subsidiary of an unnamed European automotive original equipment manufacturer (OEM), it announced on Tuesday.
Idorsia achieves endpoints in Phase 2 'selatogrel' studies
Idorsia announced on Tuesday that Phase 2 clinical studies with its P2Y12 receptor antagonist ‘selatogrel’ (ACT-246475) in patients with stable coronary artery disease, and patients with acute myocardial infarction, had met their pharmacodynamic objectives of “significantly inhibiting” platelet aggregation.
Avation to lease four more A220s to airBaltic
Commercial passenger aircraft leasing company Avation confirmed on Tuesday that it had been selected by airBaltic for the sale and leaseback of four additional new Airbus A220-300 aircraft, for delivery in the first half of 2019.
Solid trading performance continues for Redde
Redde updated the market on its trading on Tuesday, announcing that its positive start to the year, as reported in its full-year results on 6 September and its AGM statement on 24 October, had carried through into December.
Angling Direct on track for the year after record Black Friday week
Fishing tackle and equipment retailer Angling Direct said on Tuesday that it was on track to meet its full-year expectations following a record Black Friday performance.
Scanship wins wastewater contract for two new mega cruise ships
Norwegian wastewater purification and waste management systems provider Scanship Holding has entered into a contract with an unnamed “major” European shipyard for delivery of advanced wastewater purification (AWP) systems to two mega cruise new builds.
London open: Stocks fall on weak US and Asian cues
London stocks fell in early trade, taking their cue from a selloff on Wall Street that saw the S&P 500 close at a 14-month low amid worries about economic growth.