Market Pulse
US close: Dow Jones reverses Monday's losses
Wall Street stocks closed higher on Tuesday as traders shrugged off disappointing manufacturing data from the previous session and cheered falling bond yields.
Broker tips: Future, Melrose Industries
Berenberg upgraded Future on Tuesday to ‘buy’ from ‘hold’ and hiked the price target to 1,310p from 850p following "positive" first-half results, which indicated that organic growth has troughed.
US open: Dow claws back some of yesterday's losses
Wall Street trading got off to a mixed start on Tuesday following some disappointing manufacturing data in the previous session.
FTSE 100 movers: Melrose boosted by Stifel note; StanChart in the red
London’s FTSE 100 was down 0. 2% at 8,245. 95 in afternoon trade on Tuesday.
Stifel lifts Melrose Industries price target, profit forecast
Melrose Industries rallied on Tuesday as Stifel lifted its price target on the shares to 700p from 690p and upped its profit forecast.
Blackstone in exclusive talks to buy Village Hotels - report
Private equity firm Blackstone is reportedly in exclusive talks to buy UK mid-market hotel chain Village Hotels.
British Airways to add 350 new workers to Heathrow workforce, upgrade IT systems
British Airways will raise staffing levels at London's Heathrow Airport by 5% in an effort to minimise any potential disruptions over the peak summer travel season.
German unemployment rises more than expected in May
The number of Germans lining up for unemployment benefits rose more than expected in May, according to the Federal Labour Office, growing by 25,000 in seasonally adjusted terms, ahead of estimates for a rise of 10,000.
Home Reit tenant Noble Tree enters administration
Troubled real estate investment trust Home Reit said on Tuesday that homelessness charity Noble Tree Foundation - a tenant of 143 properties in its portfolio - has entered into administration.
US pre-open: Futures in the red as June trading gets off to a rocky start
Wall Street futures were in the red ahead of the bell on Tuesday as June trading gets off to a rocky start.
London midday: FTSE extends losses as energy firms retreat
London stocks had fallen further into the red by midday on Tuesday, with oil giants under pressure as oil prices retreated.
Synectics trades 'comfortably in line' with expectations
Security and surveillance systems business Synectics said on Tuesday that year-to-date trading was "comfortably in line with market expectations" and that its cash position remained "strong".
Mission Group evaluating improved offer from Brave Bison
Digital marketing firm Mission Group said on Tuesday that it was evaluating an increased takeover proposal from rival Brave Bison but that it still believes it does not reflect its contribution to the proposed combined group.
Checkit proposes merger with rival Crimson Tide
Software business Checkit announced plans to merge with rival Crimson Tide on Tuesday, stating the acquisition would help both companies create "a scaled workflow software company".
Berenberg upgrades Future to ‘buy’, hikes price target
Berenberg upgraded Future on Tuesday to ‘buy’ from ‘hold’ and hiked the price target to 1,310p from 850p following "positive" first-half results, which indicated that organic growth has troughed.
London open: Stocks in the red as oil giants hit by falling prices
London stocks fell in early trade on Tuesday, with oil giants under the cosh as oil prices retreated.
Brookfield Asset Management considering offer for Tritax Eurobox
Tritax Eurobox gained on Tuesday after Brookfield Asset Management said it was in the early stages of assessing a possible cash offer for the company.
Chemring H1 profit hit by disruption in Countermeasures
Chemring hailed a record interim order book on Tuesday but posted a drop in underlying profit as its Tennessee countermeasures business was hit by adverse weather conditions.
London pre-open: Stocks seen lower after mixed US session
London stocks were set for a weaker open on Tuesday following a mixed session on Wall Street.
Tuesday newspaper round-up: Consumer spending, Nick Train, Sam Altman
Consumer spending growth is at its weakest in more than three years as higher council tax bills and the rising cost of broadband and mobile phones eat into household budgets, a report has said. The monthly snapshot of credit and debit card activity from Barclays found an improvement in consumer confidence as a result of falling inflation was not leading to a pickup in spending. – Guardian.