Market Pulse
US close: Dow retreats from record high as traders digest Q3 earnings
Wall Street stocks were in the red at the close of trading on Tuesday as Q3 earnings season kicked up a gear.
Broker tips: Bodycote, NatWest, Lloyds, National Grid
RBC Capital Markets has upgraded its rating Bodycote following recent weakness in the share price, saying that the stock looks "attractive value" in spite of end-market headwinds.
London close: Stocks finish lower as oil prices sink
London markets ended Tuesday in negative territory, driven primarily by a sharp decline in energy stocks following a drop in oil prices.
Workspace reports solid demand despite rent roll dip
Workspace Group reported solid demand for its flexible office space in its second quarter on Tuesday, completing 296 new lettings with a total rental value of £7. 4m, although like-for-like occupancy dipped 0. 7% to 87. 5% as a higher-than-usual number of larger customers vacated premises.
Director dealings: Vistry director snaps up shares
Vistry revealed on Tuesday that non-executive director Helen Owers had acquired 4,000 ordinary shares in the FTSE 100-listed housebuilder.
US open: Stocks lower as Q3 earnings continue to roll in
Wall Street stocks were in the red early on Tuesday as Q3 earnings season kicked up a gear.
Ericsson posts stronger-than-expected third quarter
Ericsson posted stronger-than-expected third-quarter results on Tuesday, driven by a major contract with AT&T and solid growth in North America, despite facing a challenging global telecom market.
Boeing enters $10bn credit deal, plans to raise up to $25bn
Boeing revealed significant steps to strengthen its financial position on Tuesday, as it entered into a $10bn supplemental credit agreement with a consortium of major lenders.
Ofwat to appoint independent monitor for Thames Water - reports
Ofwat is set to appoint LEK Consulting as an independent monitor of Thames Water, the UK’s largest water utility, as it faced mounting financial and operational challenges, according to fresh reports on Tuesday.
Eurozone industrial production rebounds in August
Eurozone industrial production posted a robust 1. 8% month-on-month increase in August, marking a significant rebound from the 0. 5% contraction in July, according to fresh data from Eurostat.
US pre-open: Futures little changed as Q3 earnings season picks up steam
Wall Street futures were mixed ahead of the bell on Tuesday as Q3 earnings season gets set to kick up a gear.
London midday: Stocks weaker on UK jobs data, oil prices
London markets were in the red by lunchtime on Tuesday, as investors responded to ongoing concerns about the UK jobs market, while oil prices fell.
Quartix Technologies confident of meeting FY expectations
Vehicle tracking systems and software business Quartix Technologies said on Tuesday that it was confident of meeting FY expectations for both profit and free cashflow as annualised recurring revenues delivered YTD growth.
Strix passes three billion kettle control milestone
Kettle safety and water technology specialist Strix Group announced a significant milestone on Tuesday, having produced over three billion kettle controls worldwide.
Victoria reports continued softness in flooring demand
Victoria reported continued softness in flooring demand across its markets in its first half on Tuesday.
Tatton Asset Management reports record net inflows
Tatton Asset Management reported record net inflows of £1. 8bn for its first half on Tuesday, contributing to a total increase in assets under management of £2. 3bn.
Victorian Plumbing ends year in line after Victoria Plum acquisition
Victorian Plumbing Group reported a 4% increase in revenue for the financial year just ended on Tuesday, with adjusted EBITDA set to be in line with market expectations.
Berenberg lowers target price on National Grid
Analysts at Berenberg lowered their target price on utilities giant National Grid from 1,150. 0p to 1,070. 0p on Tuesday, stating the group would now be forced to deliver "a balancing act".
Asia report: China stocks sink on mixed day for region
Asian markets had a mixed performance on Tuesday, with China underperforming the broader region following disappointing trade data.
Seraphim Space upbeat after solid year for SpaceTech
Seraphim Space Investment Trust, the world’s first listed SpaceTech investment company, reported an increase in its portfolio value to £201. 5m in its full-year results on Tuesday, up £14. 1m year-on-year.