Market Pulse
Bridgepoint sells Hobbycraft for undisclosed sum
Fund manager Bridgepoint Capital has disposed of British arts and crafts retailer Hobbycraft to investment group Modella Capital for an undisclosed sum.
Broker tips: Bunzl, AB Foods, Flutter
Bunzl shares surged to an all-time high on Tuesday after a stronger-than-expected set of half-year results and a new share buyback programme, but that wasn't enough to change Jefferies' negative view on the stock.
London close: Stocks mixed on return from long weekend
London’s financial markets closed with a mixed performance on Tuesday, with Bunzl underpinning gains on the top-flight index after upgrading its full-year outlook.
Britvic shareholders approve £3.3bn Carslberg takeover
Britvic edged a step closer to being taken over by Danish brewer Carlsberg on Tuesday.
Director dealings: Kazera Global chairman raises stake
Kazera Global revealed on Tuesday that chairman John Wardle had acquired 9. 5m ordinary shares in the AIM-listed investment company.
US open: Stocks mixed following Dow's record close
Wall Street stocks were mixed early on Tuesday after the Dow Jones registered a fresh record close in the previous session.
FTSE 250 movers: Wizz flies higher; housebuilders fall
London’s FTSE 250 was flat at 21,188. 97 in afternoon trade on Tuesday.
FTSE 100 movers: Bunzl surges; housebuilders slump
London’s FTSE 100 was up 0. 3% at 8,354. 72 in afternoon trade on Tuesday.
US home price growth continues to outpace inflation in June
US home price growth continued to outpace inflation in June, according to the S&P/Case Shiller US home price index, rising 0. 4% month-on-month.
Next shop workers win landmark equal pay case
Shop workers at high-street retailer Next won a landmark legal victory on Tuesday, after a six-year battle for equal pay, potentially leading to over £30m in compensation.
Berenberg raises target price on Flutter following 'exceptional' Q2 results
Analysts at Berenberg raised their target price on bookmaker Flutter from 18,600. 0p to 18,800. 0p on Tuesday following the group's "exceptional" second-quarter results.
Jefferies reiterates positive stance on UK housebuilders
Jefferies reiterated its positive stance on UK housebuilders on Tuesday, saying it still sees considerable upside potential to share prices from the improving rate environment and government changes to planning.
Faron Pharmaceuticals candidate gets FDA fast track designation
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Tuesday that its lead candidate, bexmarilimab, has been granted fast track designation by the US Food and Drug Administration (FDA), for the treatment of relapsed or refractory myelodysplastic syndrome (r/r MDS) in combination with azacitidine.
US pre-open: Futures lower following Dow's record close
Wall Street futures were in the red ahead of the bell on Tuesday after the Dow Jones registered a fresh record close in the previous session.
Prospex acquires 7.5pc stake in Viura gas field
Prospex Energy, an investment company focused on European gas and power projects, announced the successfully completed acquisition of a 7. 5% stake in Heyco Energy Iberia (HEI) on Tuesday, the majority owner of the Viura gas field in northern Spain.
Goldplat profitability improves in fourth quarter
South Africa and Ghana-focussed gold recovery specialist Goldplat announced a substantial increase in fourth-quarter profitability on Tuesday.
Diaceutics reports progress with rare-disease offerings
Diaceutics announced a significant enhancement to its rare-disease offerings on Tuesday, leading to the acquisition of a new contract aimed at supporting the commercialisation of a rare-disease therapy.
Belluscura shares surge on strong sales momentum, improved outlook
Belluscura, a developer of lightweight and portable oxygen enrichment technology, reported strong sales momentum and an optimistic trading outlook on Tuesday, as it prepared for the full commercial launch of its new ‘DISCOV-R’ portable oxygen concentrator.
London midday: Stocks stay up as Bunzl surges
London stocks were still firmer by midday on Tuesday, with Bunzl surging ahead after a profit upgrade.
RUA Life Sciences reports strong start to financial year
RUA Life Sciences, a medical device company specialising in implantable textiles and biostable polymers, reported a strong start to its financial year on Tuesday, with trading in the first four months exceeding management expectations.