Market Pulse
US close: Dow Jones delivers fourth-straight daily loss
Major indices closed lower on Tuesday as both the S&P 500 and Nasdaq Composite retreated from their record highs in the previous session.
Broker tips: British Land, BAE Systems, Hikma, Unite, Londonmetric
Goldman Sachs upgraded its stance on British Land on Tuesday to 'buy' from 'neutral', citing a stronger growth outlook, as it took a look at European real estate stocks.
London close: Stocks finish lower as Ashtead announces US move
London stocks closed in negative territory on Tuesday, weighed down by a dip in sentiment following news that Ashtead planned to shift its primary listing to the United States, adding to a growing trend of London-listed firms looking across the Atlantic.
Director dealings: Victoria CEO raises stake
Victoria revealed on Tuesday that chief executive Philippe Hamers had acquired 200,000 ordinary shares in the AIM-listed flooring products distributor.
Pennant International set to end year as expected
Systems support software and training solutions specialist Pennant International forecast full-year results in line with market expectations in an update on Tuesday, flagging revenue of around £14m and adjusted EBITDA of £1. 2m.
FTSE 100 movers: Ashtead tumbles; British Land boosted by upgrade
London’s FTSE 100 was down 0. 8% at 8,285. 40 in afternoon trade on Tuesday.
88 Energy upbeat on PEL 93 initial seismic data
88 Energy announced the initial interpretation of 2D seismic data for its PEL 93 exploration licence in Namibia’s Owambo Basin on Tuesday, which were processed by Monitor Exploration and confirmed 10 independent structural leads.
Dekel reports subdued palm oil production, improved prices
West African agriculture company Dekel Agri-Vision said in an update on Tuesday that palm oil production at the Ayenouan project remained subdued in November due to the typical low season, with crude palm oil (CPO) production down 73. 9% compared to the same period in 2023.
US open: Stocks mixed as investors await tomorrow's CPI reading
Wall Street trading got off to a mixed start on Tuesday after both the S&P 500 and Nasdaq Composite retreated from their record highs in the previous session.
Atome secures option for additional land at Villeta
Green fertiliser project developer Atome announced on Tuesday that it has secured an option to acquire an additional 13 hectares of land adjacent to its Villeta facility in Paraguay.
Cambridge Cognition FY revenues seen at no less than £10m
Brain health software group Cambridge Cognition said on Tuesay that full-year revenues were expected to be no less than £10. 0m, while adjusted underlying earnings was seen at close to breakeven.
US pre-open: Futures mixed after Monday's losses
Wall Street futures were little changed ahead of the bell on Tuesday as both the S&P 500 and Nasdaq Composite retreated from their record highs.
London midday: Stocks stay down as Ashtead seeks US primary listing
London stocks were still in the red by midday on Tuesday as sentiment took a hit after another London-listed firm announced plans to move its primary listing to the US.
Elixirr International announces board changes
Challenger consultancy Elixirr International announced a number of changes to its board of directors on Tuesday, with co-founder and chief financial officer Graham Busby to transition to the role of deputy chief executive officer on 1 January.
Yellow Cake NAV slips as uranium values decline
Uranium investor Yellow Cake reported a rise in uranium holdings but a decrease in net asset value due to lower spot prices in its interim results on Tuesday.
Digitalbox FY EBITDA now seen ahead of internal expectations
Digital media business Digtalbox said on Tuesday that it now expects FY24 revenues to be at least £3. 5m, while underlying earnings were also seen ahead of management's expectations.
JPMorgan upgrades Unite, downgrades LondonMetric
JPMorgan Cazenove upgraded Unite Group but downgraded LondonMetric on Tuesday as it took a look at the outlook for European property stocks.
Pantheon Resources makes significant North Slope discovery
Pantheon Resources has announced a significant discovery at its Megrez-1 well, located in the Ahpun oil field on Alaska's North Slope, on Tuesday.
Dianomi expects to record small loss in FY24
Digital advertising business Dianomi warned on Tuesday that it and to record a small loss in FY24 compared to market expectations of a small profit.
Ixico secures new contract with US-based client
Neuroscience imaging firm Ixico has signed a contract with a new US-based client to provide imaging services for a Phase 2 Huntington's Disease clinical trial.