Market Pulse
Broker tips: Energean, Auction Technology, Domino's Pizza
Analysts at Berenberg lowered their target price on exploration and production company Energean from 1,565. 0p to 1,305. 0p on Tuesday following the group's disposal of assets in Egypt, Italy and Croatia.
London close: Stocks finish mixed on China demand concerns
London stocks finished with a mixed performance on Tuesday as investors weighed global political and economic risks, with the likes of Rio Tinto and Burberry remaining below the waterline.
Director dealings: N Brown director snaps up shares
N Brown Group revealed on Tuesday that non-executive director Joshua Alliance had acquired 1. 0m ordinary shares in the AIM-listed online retailer.
Berenberg lowers target price on Energean
Analysts at Berenberg lowered their target price on exploration and production company Energean from 1,565. 0p to 1,305. 0p on Tuesday following the group's disposal of assets in Egypt, Italy and Croatia.
FTSE 100 movers: B&M in the black; Rio Tinto falls on update
London’s FTSE 100 was down 0. 3% at 8,160. 12 in afternoon trade on Tuesday.
US open: Dow Jones up 500 points at the bell
Wall Street stocks were mixed early on Tuesday, with the blue-chip Dow Jones rising to another new high at the open.
Fintel agrees acquisition of Rayner Spencer Mills Research
Fintech and support service specialist Fintel announced a conditional agreement to acquire Rayner Spencer Mills Research (RSMR), a prominent fund ratings and research agency in the UK, on Tuesday.
Gateley revenue rises, underlying profits narrow slightly
Professional services firm Gateley Holdings reported continued growth and investment in line with its strategic objectives in its full-year audited results on Tuesday.
ITM Power inks capacity reservation with utility provider
ITM Power announced the signing of a capacity reservation agreement with a large utility company on Tuesday, securing future production capacity for its NEPTUNE II units.
Spectra signs $38m manufacturing contract with existing customer
Spectra Systems, a specialist in machine-readable high-speed banknote authentication, brand protection technologies, security printing, and gaming security software, announced the signing of a $37. 9m contract on Tuesday to manufacture sensors for an existing central bank customer.
Tissue Regenix flags first half in line with expectations
Regenerative medical device company Tissue Regenix reported a strong first-half performance in a trading update on Tuesday, in line with its own expectations.
Morgan Stanley Q2 profits surge, wealth management unit disappoints
Morgan Stanley reported better-than-expected quarterly earnings on Tuesday morning on the back of a strong trading and investment banking performance.
RBC Capital starts Auction Technology at ‘sector perform’
RBC Capital Markets started coverage of Auction Technology on Tuesday with a ‘sector perform’ rating and a 540p price target.
Apax Global Alpha books EUR 31m return from Baltic Classifieds sell-down
Apax Global Alpha (AGA), a limited partner in the Apax IX Fund, announced on Tuesday that Apax IX has sold its remaining shares in Baltic Classifieds Group (BCG).
Sequoia Economic Infrastructure subsidiary gets California lender licence
Sequoia Economic Infrastructure Income Fund announced on Tuesday that its wholly-owned subsidiary, Sequoia IDF Holdings, has received a finance lender licence under the Californian Financing Law.
US pre-open: Futures in the green following Dow's record-setting session
Wall Street futures were pointing to a positive open ahead of the bell on Tuesday following a record-setting session for the Dow.
Bank of America reports 'strong quarter' driven by noninterest income
Bank of America announced net income of $6. 9bn for the second quarter on Tuesday, translating to earnings per share of 83 cents.
Lee Powell to take the helm at Henry Boot Construction
Henry Boot announced on Tuesday that Lee Powell, currently the chief executive officer of GMI Construction, would assume the role of managing director of Henry Boot Construction next January.
London midday: FTSE stays down as Burberry, Rio Tinto slump
London stocks were still a little weaker by midday on Tuesday as investors continued to mull political developments in the US, with Burberry and Rio Tinto in the red.
Euros see supermarket sales grow despite poor weather
Take-home sales at supermarkets rose by 2. 2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.