Market Pulse
US close: Dow registers heavy losses ahead of FOMC decision
Wall Street stocks registered heavy losses on Tuesday as market participants awaited the outcome of the Federal Reserve's two-day policy meeting and digested more mega-cap earnings.
Broker tips: Marlowe, Fevertree
Analysts at Berenberg slightly lowered their target price on software and services firm Marlowe from 720. 0p to 710. 0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
London close: Stocks follow Wall Street into the red
London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as investors monitored the start of the Federal Reserve's two-day policy meeting.
OptiBiotix Health inks manufacturing deal with KAG Industries
Life sciences company OptiBiotix Health announced on Tuesday that its its Indian subsidiary, OptiBiotix Health India (OHI), has entered into a manufacturing agreement with KAG Industries for the supply of ‘Slimbiome’ products tailored for the Indian market.
Poolbeg agrees 12-month option over potential Behcet's treatment
Poolbeg Pharma announced an exclusive 12-month option agreement with Silk Road Therapeutics on Tuesday, to potentially acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX).
Faron Pharmaceuticals extends funding agreement with IPF
Faron Pharmaceuticals announced on Tuesday that it has extended its agreement with lender IPF to ensure continued financial support as it progressed towards securing longer-term funding.
Director dealings: Tracsis non-executive director makes share purchase
Tracsis revealed on Tuesday that non-executive director Ross Paterson acquired 4,814 ordinary shares in the AIM-listed software technology firm.
FTSE 100 movers: HSBC gains; Prudential in the red
London’s FTSE 100 was up 0. 3% at 8,172. 34 in afternoon trade on Tuesday.
United Oil signs new consultancy deal with Iman Hill
Jamaica and UK-focussed energy company United Oil & Gas announced a new consultancy arrangement with its non-executive director Iman Hill on Tuesday, to support the advancement of its Jamaican project.
Kodal amends agreement with Suay Chin International
Kodal Minerals announced an amendment to its agreement with Suay Chin International on Tuesday, terminating the right of first refusal over 80% of the spodumene product from the Bougouni Lithium Project in Southern Mali.
Berenberg slightly lowers target price on Marlowe
Analysts at Berenberg slightly lowered their target price on business-critical services and software firm Marlowe from 720. 0p to 710. 0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
US open: Stocks trade lower as traders look ahead to outcome of FOMC meeting
Wall Street stocks registered early losses on Tuesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting and digested more mega-cap earnings.
Deutsche Bank starts coverage of Fevertree, Britvic at 'buy'
Deutsche Bank initiated coverage of drinks companies Fevertree and Britvic on Tuesday with ‘buy’ rating.
McDonald's delivers mixed Q1 results
Fast food giant McDonald's delivered mixed first-quarter results on Tuesday as restructuring costs weighed on profits.
Pebble Group maintains consistent trading in year to date
Promotional products commerce and services specialist the Pebble Group said in a trading update on Tuesday that in the year to date, it had maintained a financial performance consistent with the same period in 2023.
Webis launches new WatchandWager web property
Webis, a company specialising in pool wagering and the operator of WatchandWager Cal Expo, the Californian harness track, announced the successful launch of its new website for its advanced deposit wagering (ADW) business WatchandWager. com on Tuesday.
Northamber acquires Basingstoke-based business
IT solutions and audiovisual products distributor Northamber has acquired Tempura Technology and Tempura Communications following a share purchase agreement that was exchanged and completed on Monday.
Space NK owner said to have hired bankers to sell beauty chain
The owner of Space NK has reportedly picked bankers to handle a sale of the high street beauty chain that is expected to fetch more than £300m.
US pre-open: Dow futures little changed ahead of FOMC meeting
Dow Jones futures were little changed ahead of the bell on Tuesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting and more mega-cap earnings.
London midday: FTSE pushes higher as HSBC, Whitbread gain
London stocks had extended gains by midday on Tuesday, helped along by solid performances from the likes of HSBC and Whitbread, as investors eyed the start of the Federal Reserve’s two-day policy meeting.