Market Pulse
Broker tips: Direct Line, Morgan Advanced Materials, Melrose Industries, Pan African Resources
Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 165. 0p from 235. 0p, stating the industry-wide turn to deflation meant that the time to raise prices ahead of inflation without materially contracting the policy count has now passed.
London close: Stocks sink as UK jobless rate rises
London stocks fell sharply on Tuesday as investors digested recent UK employment data alongside broader market reactions to Donald Trump's US presidential victory last week.
Time Finance reports continued positive trading progress
Time Finance announced continued positive trading momentum in the first five months of its 2025 financial year on Tuesday, driven by record revenues and a growing lending book.
Oriole announces promising results from Mbe trenchine
Oriole Resources updated the market on exploration at its Mbe gold project in Cameroon on Tuesday, announcing promising results from phase two infill trenching and the planned start of a maiden drilling programme in the fourth quarter.
Director dealings: Travis Perkins CEO snaps up shares
Travis Perkins revealed on Tuesday that chief executive Pete Redfern had acquired 249,218 ordinary shares in the FTSE 250-listed builders' merchant.
First Property raises expectations after solid first half
First Property Group reported a strong performance for the first half of its financial year on Thursday, despite challenges in the property market.
Elliott takes $5bn stake in Honeywell, urges split into two businesses
Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
FTSE 100 movers: Fresnillo loses its shine; Convatec surges
London’s FTSE 100 was down 1. 1% at 8,039. 06 in afternoon trade on Tuesday.
Berenberg raises target price on Pan African Resources
Analysts at Berenberg raised their target price on Pan African Resources from 34. 0p to 45. 0p on Tuesday after the group announced that it had agreed to acquire Australia's Tennant Consolidated Mining Group.
US open: Stocks build on record highs
Wall Street trading got off to a positive start on Tuesday after closing at fresh record highs in the previous session.
Schrödinger surges on Novartis collaboration agreement
Schrödinger surged on Tuesday after it announced a $2. 5bn research collaboration and license agreement with Novartis to advance multiple development candidates into the Swiss pharma firm’s portfolio for further development.
Citi highlights reassuring Melrose Industries site visit
Citi said in a note on Tuesday that a recent site visit at Melrose Industries’ Western Approach highlighted "a number of industry-leading technologies".
DCC to focus on energy sector, shares surge
DCC surged on Tuesday as it announced plans to simplify its operations and focus on the energy sector, reported a rise interim profit and lifted its dividend.
US pre-open: Futures lower following Monday's record close
Wall Street futures were in the red ahead of the bell on Tuesday after closing at fresh record highs in the previous session.
London midday: FTSE falls as investors continue to mull Trump win; jobs data in focus
London stocks had fallen further by midday on Tuesday as investors mulled the latest UK jobs data and the impact of Donald Trump’s US presidential win.
German economic sentiment deteriorates in November - ZEW
German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Asia report: Another US rally fails to spark regional markets
Asia-Pacific markets experienced widespread declines on Tuesday, as investor caution lingered despite a strong rally in US stocks, where key benchmarks closed at record highs following last week’s election results.
Jefferies downgrades Direct Line to ‘hold’
Jefferies downgraded Direct Line on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 165p from 235p.
Raspberry Pi strikes strategic partnership with Italy's SECO
Single-board computer designer Raspberry Pi has inked a strategic partnership with Italian internet-of-things solutions business SECO ahead of the launch of its Compute Module 5 product.
Diversified Energy reports Q3 net loss of $1m
Gas and oil production company Diversified Energy reported a net loss of $1. 0m for the three months ended 30 September amid a continued focus on debt repayments and additional undeveloped land sales.