Market Pulse
Shield Therapeutics iron deficiency treatment approved in Canada
Commercial-stage pharmaceutical company Shield Therapeutics announced on Tuesday that ‘ACCRUFeR’, or ferric maltol, had been approved by Health Canada as a prescription drug for the treatment of adults with iron deficiency anaemia (IDA).
JD.com unveils $5bn, 36-month share buyback plans
Chinese e-commerce giant JD. com unveiled a new $5bn share buyback programme on Tuesday, set to begin in September and extend over the next 36 months.
Bronfman withdraws bid for Paramount, making way for Skydance deal
Edgar Bronfman Jr officially withdrew his bid to acquire Paramount Global on Tuesday, effectively clearing the way for Skydance Media to take control of the company.
Deutsche Bank downgrades Primark owner AB Foods to 'sell'
Associated British Foods slumped on Tuesday as Deutsche Bank downgraded its rating on shares of the Primark owner to ‘sell’ from ‘hold’ and cut the price target to 2,190p from 2,290p.
Plus500 kicks off fresh $110m share buyback
Multi-asset fintech firm Plus500 announced the launch of a share buyback programme valued at up to $110m on Tuesday.
Ryanair no longer sees risk of double-digit average fare reductions
Budget carrier Ryanair said on Tuesday that it no longer sees a risk of average fares falling by double-digit percentages and that a more moderate 5% fall "looks reasonably accurate" for the all-important three months ending September.
Asia report: Most markets follow Wall Street lower
Asia-Pacific markets largely fell on Tuesday, mirroring losses in key US indices overnight and reflecting cautious investor sentiment as they assessed mixed economic data from China and ongoing geopolitical tensions.
Endeavour Mining settles spat with Lilium Gold, to receive $60m payment
Gold miner Endeavour Mining said on Tuesday that it will receive $60. 0m from Lilium Gold as part of a settlement agreement brokered by the government of Burkino Faso for the disposal of its Boungou and Wahgnion mines.
Harbour Energy to complete Wintershall Dea acquisition earlier than expected
Harbour Energy surged on Tuesday after saying that its acquisition of the Wintershall Dea asset portfolio was set to complete earlier than expected.
Woodside Energy H1 interim profits slide
Exploration and production firm Woodside Energy shares advanced on Tuesday despite posting a decline in interim profits as a result of lower prices for liquefied gas.
London open: Stocks in the black; Bunzl surges on profit upgrade
London stocks rose in early trade on Tuesday as traders returned to their desks after the long weekend.
Bunzl shares jump on upgraded outlook, share buyback launch
Bunzl shares were surging on Tuesday morning after it upgraded its full-year guidance and launched a share buyback programme, even after first-half revenue slipped 3. 3% to £5. 71bn.
London pre-open: Stocks seen up after long weekend
London stocks were set to rise at the open on Tuesday as traders returned to their desks after the Bank Holiday weekend.
Tuesday newspaper round-up: Barclays, Mike Lynch, IBM
Ministers have been urged to intervene to prevent businesses struggling with gas and electricity costs from going bust, as bills are forecast to be 70% higher next year than before the energy crisis. A typical small business such as a pub, restaurant or independent retailer is paying more than £5,000 extra a year on bills than before the energy crisis that began in 2021, research by the forecaster Cornwall Insight shared with the Guardian shows. – Guardian.
Shop prices fall for the first time since late 2021
Shop prices in the UK in August experienced deflation for the first time since October 2021, according to fresh data released on Tuesday, with a decrease of 0. 3%.