Market Pulse
UBS downgrades Segro, cites weaker outlook for logistics rental growth
UBS downgraded Segro on Tuesday to ‘neutral’ from ‘buy’ and cut the price target to 985p from 1,045p due to a weaker outlook for logistics rental growth.
Broker tips: Judges Scientific, Serco
Analysts at Berenberg hiked their target price on scientific instruments business Judges Scientific from 12,000. 0p to 12,400. 0p on Tuesday following the firm's acquisition of Teer Coatings holding company Magsputter.
London close: Stocks finish lower as oil prices retreat
London's stock markets ended the day in negative territory on Tuesday, pressured by declines in energy stocks as oil prices fell.
Director dealings: Audioboom chairman raises stake
Audioboom revealed on Tuesday that chairman Michael Tobin had acquired 5,000 ordinary shares in the AIM-listed podcast group.
US open: Stocks lower as attention turns to Federal Reserve
Wall Street stocks were in the red early on Tuesday as investors turned their attention towards the Federal Reserve Bank.
Johnson & Johnson to buy V-Wave for up to $1.7bn
Johnson & Johnson said on Tuesday that it has agreed to buy V-Wave, a privately-held company focused on developing treatment options for patients with heart failure, for up to $1. 7bn.
FTSE 100 movers: BT hit as CityFibre strikes deal with Sky; Fresnillo shines
London’s FTSE 100 was down 1% at 8,276. 04 in afternoon trade on Tuesday.
EU lowers planned tariffs on Chinese made Teslas
The European Union said on Tuesday that it will lower planned tariffs for Tesla vehicles imported to the bloc from China from 20. 8% to 9% as it announced a number of reductions to planned import duties from other Chinese electric carmakers.
Hobbycraft on brink of being bought by Modella Capital - report
Arts and crafts retailer Hobbycraft is reportedly on the brink of being sold to a specialist investor whose executives have backed chains including Paperchase and Tie Rack.
Sports entertainment driving strong trading for Light Science Technologies
Light Science Technologies, which operates across three divisions - controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) - announced strong trading in its CEM division on Tuesday, with the receipt of a third order from a key customer in the sports entertainment sector.
Berenberg raises target price on Judges Scientific
Analysts at Berenberg hiked their target price on scientific instruments business Judges Scientific from 12,000. 0p to 12,400. 0p on Tuesday following the firm's acquisition of Teer Coatings holding company Magsputter.
Gold prices hit fresh highs amid US rate cut expectations
Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People’s Bank of China issued new import quotas.
US pre-open: Stocks futures mixed as traders await Fed comments
Wall Street futures were mixed ahead of the opening bell on Tuesday as investors turned their attention firmly towards the Federal Reserve Bank.
London midday: FTSE falls further as energy shares drop, BT tumbles
London stocks had fallen further by midday on Tuesday, with energy issues in the red as oil prices declined and BT under the cosh.
OptiBiotix reports solid first-half operational progress
Obesity-focussed life science company OptiBiotix Health updated the market on its commercial activities for the first half on Tuesday, reported significant advancements in expanding its presence in key markets, particularly in the United States and Asia, while also investing in direct-to-consumer e-commerce channels to drive growth and profitability.
Chariot announces start of drilling at Anchois project
Africa-focussed energy company Chariot announced the start of drilling operations at the Anchois gas project in the Lixus offshore licence, offshore Morocco, on Tuesday.
Beeks Financial Cloud secures further extension to JSE Colo 2.0 partnership
Cloud computing and connectivity provider Beeks Financial Cloud said on Tuesday that it had secured a further extension of its JSE Colo 2. 0 partnership with IPC into a second data centre location.
Renalytix terminates formal sale process
Renalytix, a company specialising in artificial intelligence-enabled diagnostics for kidney disease, announced the termination of its formal sale process on Tuesday.
Sosandar signs lease agreement for third store
Fashion retailer Sosandar said on Tuesday that it has signed a lease agreement for its third store in the North-East's Metrocentre, outside Newcastle in Gateshead.
Sweden’s Riksbank cuts rates by 25 basis points
Sweden’s Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3. 5%, as widely expected.