Market Pulse
Broker tips: DCC, Judges Scientific, Sainsburys, Tesco
Jefferies hiked its price target on buy-rated DCC to 7,950. 0p from 7,600. 0p on Tuesday after the sales, marketing and support services group announced last week that it was planning to simplify its operations and focus on the energy sector.
London close: Stocks mixed ahead of UK inflation, Nvidia results
London’s equity markets closed with a mixed performance on Tuesday, as investors remained cautious ahead of the latest UK inflation data and closely watched US corporate earnings from Nvidia.
Director dealings: Asos director raises stake
Asos revealed on Tuesday that non-executive director William Barker had acquired 381,673 ordinary shares in the London-listed fast fashion retailer.
FTSE 100 movers: Imperial Brands gains on results; IAG flies lower
London’s FTSE 100 was down 0. 4% at 8,080. 19 in afternoon trade on Tuesday.
US open: Stocks trade lower, Walmart hikes FY guidance
Wall Street stocks were in the red early on Tuesday as market participants digested Q3 earnings from one of the nation's largest retailers.
US housing starts fall by 3.1pc in October
US housing starts fell by 3. 1% in October, according to the Census Bureau, missing expectations for a reading of 1. 33m.
LungLife AI upbeat on progress with LungLB test
Lung cancer diagnostics developer LungLife AI reported significant progress in the commercialisation of its ‘LungLB’ test on Tuesday, which was designed to facilitate early detection and improve patient outcomes.
Jefferies hikes price target on DCC, says ‘simplicity can unlock value’
Jefferies hiked its price target on buy-rated DCC on Tuesday after the sales, marketing and support services group announced last week that it was planning to simplify its operations and focus on the energy sector.
Katoro Gold completes initial fieldwork at White Pine
Katoro Gold, a company focused on energy and precious mineral exploration, announced on Tuesday that it has completed initial reconnaissance fieldwork at its wholly-owned White Pine Uranium Project in northwestern Ontario, Canada.
Acuity RM buys Rizikon software from collapsed Crossword Cybersecurity
Governance, risk, and compliance (GRC) software provider Acuity RM announced the acquisition of the Rizikon software product on Tuesday, including its intellectual property and customer lists, from the collapsed Crossword Cybersecurity, for £15,000 cash.
BT Group gains as Bharti completes acquisition of 24.5% stake
BT Group gained on Tuesday after India’s Bharti Global completed the acquisition of a 24. 5% stake in the telecoms company from France’s Altice.
Retailers warn of £7bn spike in costs from Budget measures
More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the retail sector.
US pre-open: Futures trade lower as investors look to Q3 retail earnings
Wall Street futures were in the red ahead of the bell on Tuesday as market participants digested Q3 earnings from some of the nation's largest retailers.
Nexxen International launches $50m share buyback on AIM
Advanced television advertising technology specialist Nexxen International announced a new share buyback programme worth up to $50m on Tuesday.
London midday: Stocks turn lower; Nvidia, UK inflation eyed
London stocks had fallen into the red by midday on Tuesday as investors eyed the latest UK inflation reading and results from US tech giant Nvidia, and as caution set in after Russia changed its nuclear doctrine.
Fonix flags strong start to financial year
Mobile payments and messaging specialist Fonix reported a strong start to its new financial year in an update on Tuesday.
JPMorgan reiterates ‘overweight’ on Just Group, lifts price target
JPMorgan Cazenove reiterated its ‘overweight’ rating on Just Group on Tuesday and lifted the price target to 200p from 190p after it completed a £1. 8bn full buy-in with the Trustee of the G4S Pension Scheme, covering the benefits of around 22,500 members.
Berenberg lowers target price on Judges Scientific
Analysts at Berenberg lowered their target price on scientific instruments business Judges Scientific from 12,400. 0p to 11,310. 0p on Tuesday, stating the group was approaching a "trough cycle".
RBC Capital starts Sainsbury’s at ‘outperform’, Tesco at ‘sector perform’
RBC Capital Markets initiated coverage on Sainsbury’s and Tesco on Tuesday, saying it sees "attractive" growth prospects for the two major UK listed grocery retailers.
Gear4Music H1 operating losses narrow
Music equipment retailer Gear4music said on Tuesday that operating losses had narrowed in the six months ended 30 September on the back of its latest growth strategy.