Market Pulse
HSBC hikes target price on Morgan Sindall
Analysts at HSBC raised their target price on construction firm Morgan Sindall from 2,930. 0p to 3,615. 0p on Tuesday following the group's trading update.
London close: Stocks mixed as government borrowing rises
London stocks saw a mixed performance on Tuesday, with investors digesting the latest data on government borrowing ahead of next week’s Budget.
Broker tips: SSE, Morgan Sindall
Analysts at Berenberg hiked their target price on utilities giant SSE from 2,100. 0p to 2,300. 0p on Tuesday, stating the group's quasi-regulated business mix had served it well through the energy market turmoil of recent years.
Director dealings: Restore director snaps up shares
Restore revealed on Tuesday that non-executive director Lisa Fretwell had acquired 4,800 ordinary shares in the AIM-listed information management firm.
FTSE 100 movers: Fresnillo shines again; utilities fall
London’s FTSE 100 was down 0. 1% at 8,308. 44 in afternoon trade on Tuesday.
US open: Stocks lower as Q3 earnings, Treasury yields remain in focus
Wall Street stocks were in the red early on Tuesday as Q3 earnings remained firmly in focus.
Reeves considering tax hike on Amazon, online retailers - reports
Chancellor of the Exchequer Rachel Reeves is considering a tax increase on large e-commerce companies like Amazon in her upcoming budget, according to reports on Tuesday, in a bid to support the UK’s ailing high street.
Petro Matad to start production at Heron-1 well
Mongolian oil company Petro Matad announced on Tuesday that production at its Heron-1 well in Block XX was set to start by 25 October.
Barclays in talks with Brookfield about sale of UK payments arm - report
Barclays has reportedly re-entered talks about a heavily structured deal to offload a stake in a major division of its British operations to asset management firm Brookfield.
System1 pleased with second quarter trading
System1 Group reported strong second-quarter growth in a trading update on Tuesday, driven by a significant increase in platform revenue.
Philip Morris raises FY profit guidance on strong Q3 sales
Tobacco giant Philip Morris raised its full-year profit guidance on Tuesday on the back of strong Q3 sales of its Zyn and IQOS products in the US.
Genus CFO Alison Henriksen to retire
Genus said on Tuesday that chief financial officer Alison Henriksen plans to retire after five years with the animal genetics company.
London midday: Stocks fall further after borrowing figures
London stocks had fallen further into the red by midday on Tuesday as data showed that government borrowing jumped in September ahead of next week’s Budget.
US pre-open: Stocks lower as Treasury yields remain in focus
Wall Street futures were in the red ahead of the bell on Tuesday as Treasury yields continued to rise and Q3 earnings remained firmly in focus.
Newmark Security confident despite some contracts slipping into H2
Electronic and physical security systems provider Newmark Security reported continued progress in an update on Tuesday.
Empresaria reports ongoing market challenges
Specialist staffing firm Empresaria Group reported ongoing challenges in a trading update on Tuesday, due to difficult market conditions that had affected the industry for the past two years.
Sunda still working to secure Pacific LNG investment in Chuditch
Southeast Asia-focussed gas explorer Sunda Energy updated the market on operations at its Chuditch production sharing contract (PSC) in Timor-Leste on Tuesday, and outlined its plans for new ventures in the region.
Pinewood Technologies secures 5-year contract with Marshalls, shares jump
Pinewood Technologies surged on Tuesday after saying it had secured a five-year contract with automotive retailer Marshalls to implement Pinewood systems into their stores.
CleanTech extends Laguna Verde payment terms
Chile-focussed sustainable lithium developer CleanTech Lithium announced an agreement to extend the payment terms for the second stage of its acquisition of the Laguna Verde licences on Tuesday.
Orosur Mining upbeat on recent progress in Colombia
Orosur Mining updated the market on exploration activities at its Anzá Project in Colombia on Tuesday, reporting significant progress at the Pepas Prospect and promising results from historical sampling at the El Cedro and El Roble prospects.