Market Pulse
Wednesday preview: US Fed decision, UK CPI in the spotlight
Wednesday will bring with it the week's key risk event, the Federal Reserve's policy announcement.
Broker tips: SThree, M&S, Hollywood Bowl
Jefferies cut its target price on SThree on Tuesday after the group's warning highlighted further downside to earnings for UK staffers.
London close: Stocks weaker as UK unemployment holds steady
London’s stock markets closed lower on Tuesday as fresh UK jobs data signalled a likely pause by the Bank of England in its interest rate policy this week.
Director dealings: Admiral director raises stake
Admiral Group revealed on Tuesday that non-executive director Justine Roberts had acquired 1,044 ordinary shares in the FTSE 100-listed insurer.
Kepler Cheuvreux starts Marks & Spencer at ‘buy’
Kepler Cheuvreux initiated coverage of Marks & Spencer on Tuesday with ‘buy’ rating and 467p price target.
US open: Stocks lower as investors look ahead to FOMC decision
Major indices opened lower on Tuesday as investors continued to await the outcome of the Federal Reserve's meeting and thumbed over a number of data points early on in the session.
FTSE 100 movers: Bunzl falls on update; LSEG lifted by upgrade
London’s FTSE 100 was down 0. 5% at 8,218. 94 in afternoon trade on Tuesday.
Jefferies lowers target prices on UK staffers following SThree's warning
Jefferies cut its target prices on Hays, Pagegroup and SThree on Tuesday, noting the latter's warning had highlighted further downside to earnings for UK staffers.
Cadence signs letter of intent to acquire stake in Iberian projects
Cadence Minerals announced on Tuesday that it has signed a letter of intent (LOI) with Hesperian Metals, to acquire up to a 40% stake in two exploration projects in Spain and Portugal focussed on tungsten, antimony, and gold.
Frasers CEO Murray nominated for seat on Hugo Boss supervisory board
Frasers Group said on Tuesday that its chief executive, Michael Murray, has been nominated for a role on the supervisory board of German fashion brand Hugo Boss, in which it owns a 15% stake.
Arrow Exploration reaches target depth at AB-1 well
Arrow Exploration announced on Tuesday that it has reached target depth on the Alberta Llanos-1 (AB-1) exploration well, located on the Tapir Block in Colombia's Llanos Basin.
US pre-open: Futures lower as traders continue to await FOMC decision
Wall Street futures were in the red ahead of the bell on Tuesday as investors continued to await the outcome of the Federal Reserve's meeting.
Ondine Biomedical to start phase three Steriwave clinical trial
Ondine Biomedical announced on Tuesday that it would begin its phase three ‘LANTERN’ clinical trial for its novel nasal photodisinfection technology, branded as Steriwave outside the United States.
Diaceutics wins $5.1m contract with global pharma firm
Diaceutics announced on Tuesday that it has won a $5. 1m contract with a global pharmaceutical company to deliver laboratory engagement services through its DXRX platform.
London midday: FTSE stays down after UK jobs data
London stocks were still in the red by midday on Tuesday as the latest UK jobs data made it even more likely the Bank of England will hold rates this week.
Idox secures £2.4m contract with North Yorkshire Council
Idox announced a £2. 4m strategic contract with North Yorkshire Council on Tuesday, to consolidate its eight planning and building control systems into a single cloud-based platform.
Barclays loses key motor finance court challenge
Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.
Berenberg raises target price on Hollywood Bowl following record FY performance
Analysts at Berenberg slightly raised their target price on bowling centres operator Hollywood Bowl from 420. 0p to 440. 0p on Tuesday following the group's "solid" FY24 earnings and "upbeat" FY25 guidance.
GlobalData inks deal to acquire Celent
GlobalData announced on Tuesday that it has signed an agreement to acquire Celent, a research and advisory firm within Marsh McLennan's Oliver Wyman Group, as part of its ongoing merger and acquisition strategy.
German business sentiment unexpectedly improves in December - ZEW
German business sentiment unexpectedly improved in December, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.