Market Pulse
Moonpig swings to first-half loss
Moonpig said on Tuesday that it swung to a pre-tax loss in the first half as it pointed to "challenging" trading in its Experiences segment.
RBC upgrades Hikma Pharmaceuticals to 'outperform'
Analysts at RBC Capital Markets upgraded Hikma Pharmaceuticals from 'sector perform' to 'outperform' on Tuesday as it took a look at the wider European pharmaceutical and biotechnology sector.
UK supermarket sales set to top £13bn in December
UK supermarket sales are set to surpass £13bn in December for the first time, according to fresh data from Kantar on Tuesday, as shoppers geared up for the Christmas season.
Asia report: Markets mixed as RBA holds interest rate
Asia-Pacific markets finished with a mixed performance on Tuesday, as China's stimulus pledges buoyed investor sentiment, offsetting Wall Street's cautious start to the week.
Goldman Sachs upgrades British Land to 'buy'
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.
Hvivo strikes £11.5m RSV contract with existing client
Contract research organisation Hvivo has struck a £11. 5m Respiratory Syncytial Virus contract with an "existing top-tier global pharmaceutical client".
Great Portland Estates inks new lease agreement with Heineken UK
Property development and investment firm Great Portland Estates said on Tuesday that Heineken UK has signed a new office lease for 17,000 square foot at its wells&more asset in West London.
London open: Stocks fall; Ashtead planning to switch primary listing to US
London stocks fell in early trade on Tuesday following a downbeat session on Wall Street and as sentiment took a hit after another London-listed firm announced plans to move its primary listing to the US.
Smiths News renews Reach contract through 2029
News wholesaler and distributor Smiths News announced a new long-term distribution contract with Reach, the UK’s largest commercial news publisher, on Tuesday.
Begbies Traynor upbeat after strong first half
Professional services consultancy Begbies Traynor reported a strong set of half-year results on Tuesday, with substantial growth in revenue and profitability.
Prudential mulling sale of stake in Eastspring Investments - report
Prudential is reportedly considering options for its asset manager Eastspring Investments that include selling a minority stake to help broaden the business.
Tortilla raises UK revenue forecast, delays France rebranding
Fast-casual restaurant chain Tortilla Mexican Grill reported a strong performance in its core UK market in a trading update on Tuesday, as well as strategic developments in France.
FirstGroup agrees to buy RATP London in £90m deal
FirstGroup announced an agreement to acquire London bus operator RATP Dev Transit London the French state-owned from RATP Développement on Tuesday, for an enterprise value of £90m.
London pre-open: Stocks seen down on weak US cues
London stocks were set to fall at the open on Tuesday following a downbeat session on Wall Street.
Tuesday newspaper round-up: Rupert Murdoch, Tesla, HSBC
Rupert Murdoch’s three adult children will retain control over their father’s media empire upon his death, a Nevada court has ruled after Murdoch launched a campaign to wrest away their power and give it all to his oldest son. The New York Times reported on Murdoch’s loss, citing a sealed court decision that was filed on Saturday. The family battle took place outside of the public’s eye, despite attempts from the media to gain access to the trial. – Guardian.