Market Report
Bank of America Merrill Lynch initiates coverage on Uber at 'buy'
Analysts at Bank of America Merrill Lynch initiated coverage on ridesharing giant Uber at 'buy' on Tuesday, stating it benefitted from "positive secular adoption trends".
US close: Dow surges as Powell signals Fed willingness to ease monetary policy
Wall Street stocks recorded their second best day of the year on Tuesday, as market focus shifted from trade concerns to monetary policy when Fed chair Jerome Powell signalled the central would be open to easing monetary policy in order to save the economy.
Director dealings: Wentworth Resources CEO makes share purchase
Wentworth Resources revealed on Tuesday that chief executive Eskil Jersing had acquired 265,097 ordinary shares in the AIM-listed gas production and exploration outfit.
Europe close: Stocks extend bounce amid dovish central bank talk
Stocks on the Continent are flashing green, with investor sentiment a tad firmer on the back of helpful comments from US central bankers and expectations for a dovish result to Thursday's European Central Bank policy meeting.
Uber's 2013-2014 tax returns under investigation
Ride-hailing company Uber is under investigation from various state and foreign tax authorities including the Internal Revenue Service in the US over its tax returns for 2013 and 2014.
London close: Stocks edge higher but lag global peers
London stocks finished modestly higher on Tuesday, shaking off earlier losses as investors reacted positively to signs that at least some central banks might be ready to loosen policy over the course of the coming quarters, but some analysts remained quite cautious.
FTSE 250 movers: 888 Holdings spins higher, Woodford wilts
London's FTSE 250 was up 0. 51% at 18,973. 97 in afternoon trade on Tuesday, with 888 Holdings leading the index higher.
US claims China playing 'blame game' in trade war
The US has accused China of playing the "blame game” by misrepresenting why trade talks between the two powers had broken down, leading Washington to go ahead and raise tariffs on Chinese exports as it had threatened to do at the end of 2018.
Jefferies raises target on Serco following 'attractive' acquisition
Analysts at Jefferies raised their target price on public services outfit Serco on Tuesday, saying the group's acquisition of Alion Science and Technology's naval systems business unit should "catalyse a shift in customer perception" and had "attractive economics".
US open: Stocks surge at the bell as trade tensions subside somewhat
Trading on Wall Street began on a positive note on Tuesday, with markets' focus shifting somewhat from trade concerns to monetary policy as several central banks across the globe geared up to reveal whether or not they would adjust interest rates.
Fed watching trade developments, Powell says
The Federal Reserve is watching developments in the international trade area closely and will act "as appropriate" in order to sustain the economic expansion, its chairman, Jerome Powell, said.
FTSE 100 movers: SLA rallies but Hargreaves Lansdown hit by Woodford news
London's FTSE 100 was up 0. 2% to 7,196. 50 in afternoon trade on Tuesday as investors welcomed positive comments from China and Mexico on trade relations with the US.
Wilmcote Holdings confirms talks with US-based Arclin
Wilmcote Holdings confirmed on Tuesday that it is in exclusive discussions with US-based bonding and surfacing company Arclin Inc about a potential acquisition.
Hargreaves Lansdown shares slide following Woodford suspension
Shares in Hargreaves Lansdown fell on Tuesday, after the blue chip financial advisor was caught up in the crisis engulfing Woodford Investment Management.
Trump gets involved in Brexit amid London protests
Donald Trump believes Britain should "get rid of the shackles" of European Union membership and proceed with Brexit.
Chamberlin sees shares slide as losses widen
Shares in Chamberlin fell heavily on Tuesday, after the specialist engineering and castings firm saw its full-year losses widen.
Fed's Evans says US economy doing well, 'nervous' about inflation
Chicago Fed President Charles Evans said on Tuesday that the US economy is continuing to perform well, as he expressed concern about low levels of inflation.
Greybull Capital plans to snap up British Steel's European assets
Private equity firm Greybull Capital, which owned British Steel until its collapse last month, is reportedly set to bid for the outfit's French and Dutch operations.
Europe midday: Stocks recover from early selling, helped by dovish central banks
Stocks on the Continent are flashing green, with investor sentiment a tad firmer on the back of helpful comments from US central bankers and expectations for a dovish result to Thursday's meeting of policymakers at the European Central Bank.
Bang & Olufsen tanks as it downgrades full-year revenue guidance
Bang & Olufsen shares tanked on Tuesday after the Danish high-end consumer electronics company downgraded its expectations for full-year revenue following disappointing television sales in Europe.