Market Pulse
FTSE 100 movers: ICG rallies on results; Flutter in the red
London’s FTSE 100 was down 0. 9% at 8,245. 71 in afternoon trade on Tuesday.
Ofwat set to refuse water companies’ price increases; shares hit
UK water companies were under pressure on Tuesday following a report that Ofwat was set to refuse most companies’ requests to hike consumer bills, with some getting as little as half of what they have asked for.
T-Mobile to buy nearly all of US Cellular in $4.4bn deal
T-Mobile said on Tuesday that it has agreed to buy nearly all of US Cellular’s wireless operations in a $4. 4bn deal.
Flutter Entertainment hit as Illinois Senate approves sports betting tax
DraftKings and FanDuel owner Flutter Entertainment slid on Thursday after the Illinois Senate passed a bill that would make Illinois the second most expensive state for wagers to do business in.
London midday: Stocks stay down; Flutter Entertainment takes a hit
London stocks were still a little weaker by midday on Tuesday, as investors mulled the latest shop price inflation data.
Goldman Sachs downgrades Fevertree to 'sell'
Goldman Sachs downgraded Fevertree to ‘sell’ from ‘neutral’ on Tuesday and cut the price target to 1,050p from 1,075p.
Revolution Bars rejects Nightcap takeover proposal
Revolution Bars said on Tuesday that it has rejected a rescue deal by Nightcap as it is "incapable of being delivered" and that it will press ahead with a £12. 5m fundraising.
London open: Stocks edge lower; Persimmon said to weigh bid for Cala
London stocks edged lower in early trade on Tuesday as traders returned to their desks after the long weekend.
Softcat reaffirms full-year guidance
Softcat said on Tuesday that full-year results were set to be in line with expectations.
London pre-open: Stocks seen down after long weekend
London stocks were set to dip at the open on Tuesday as traders returned to their desks after the long weekend.
Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank
Ofwat is poised to refuse most water companies’ requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. – Guardian.
Shop price inflation slows further in May
Shop price inflation in the UK slowed to 0. 6% in May, according to fresh data released on Tuesday, from 0. 8% in April.