THE MOST READ
London close: Stocks slip ahead of US tech earnings, UK Budget
London stocks closed in the red on Tuesday, amid mixed corporate earnings and investor caution ahead of big US tech results and the UK’s Budget announcement.
FTSE 250 movers: Georgian banks recover; C&C fizzes lower
London’s FTSE 250 was up 1% at 20,621.11 in afternoon trade on Tuesday.
US close: Markets mixed before tech earnings, but Nasdaq hits new high
US stock markets finished mixed on Tuesday as investors kept a lid on risk appetite amid a barrage of corporate earnings and economic data, though the Nasdaq still managed to push ahead to a new high.
London midday: FTSE touch higher as BP slumps, HSBC rallies
London stocks were just in the black by midday on Tuesday as investors mulled results from BP and HSBC and looked ahead to key US tech earnings and the Budget.
Broker tips: TI Fluid Systems, RWS Holdings, Melrose Industries
Jefferies downgraded its stance on TI Fluid Systems on Tuesday to 'hold' from 'buy' and cut its target price on the stock from 215.0p following a takeover proposal from ABC Technologies.
FTSE 100 movers: HSBC rallies on results; BP gushes lower
London’s FTSE 100 was down 0.7% at 8,229.35 in afternoon trade on Tuesday.
US open: Mixed start to trading as investors await Alphabet earnings
Wall Street trading got off to a mixed start on Tuesday as market participants braced for a number of big tech earnings.
Melrose Industries ‘explainer’ on RRSPs a ‘positive development’, says Citi
The "explainer" released by Melrose Industries on Monday about its 19 Risk and Revenue Sharing Partnerships (RRSPs) is a "positive development," Citi said in a research note.
Challenger farms out Uruguay block interest to Chevron
Challenger Energy announced on Tuesday that it has completed the farm-out of a 60% interest in its AREA OFF-1 block offshore Uruguay to Chevron.
US job openings fall to more than three year low in September
September's JOLTS job report revealed the number of job openings in the US had fallen by 418,000 to 7.44m last month, the lowest level seen since January 2021.
Jefferies cuts TI Fluid Systems price target to 200p, downgrades to 'hold'
Jefferies downgraded its stance on TI Fluid Systems on Tuesday to ‘hold’ from ‘buy’ following the takeover proposal from ABC Technologies.
Berenberg lowers target price on RWS following FY trading update
Analysts at Berenberg lowered their target price on RWS Holdings from 380.0p to 330.0p on Tuesday following the group's FY24 trading update.
China mulls over issuance of RMB 10trn in extra debt
China was said to be considering issuing more than RMB 10.0trn (£1.07trn) in extra debt over the next few years in an effort to revive its fragile economy.
Conference Board's US consumer confidence index rises in October
The Conference Board's consumer confidence index increased to 108.7 in October, up from 99.2 in September.
IQE chief executive Americo Lemos steps down
AIM-listed semiconductor firm IQE said on Tuesday that chief executive Americo Lemos has left the company with immediate effect.
Sylvania Platinum starts new financial year strongly
Sylvania Platinum reported a strong first quarter on Tuesday, with a 12% quarter-on-quarter increase in platinum group metals (PGM) production from its Sylvania Dump Operations (SDO).
HSBC's third-quarter profits beat expectations
HSBC announced another $3bn share buyback on Tuesday as it posted better-than-expected third-quarter profits, underpinned by solid performances from the wealth and investment banking units.
Santander shares drop despite Q3 beat as UK results delayed
Shares in Banco Santander slumped on Tuesday despite record third-quarter profits beating analysts' forecasts, as the Spanish banking group announced it was delaying the results of its UK unit owing to this week's landmark ruling on motor finance commissions.
Shares in YouGov surge on positive outlook
Shares in YouGov surged on Tuesday, after the polling specialist posted a jump in full-year revenues and said it was on track to meet its 2025 guidance.
Royal Caribbean posts solid third quarter but more cautious outlook
Shares in Miami-based cruise operator Royal Caribbean were sliding in early trading on Tuesday, even after it reported adjusted third-quarter earnings per share of $5.20, surpassing analyst expectations of $5.04.
RWS returns to growth, currencies still a headwind
RWS Holdings reported a return to growth in the second half of the financial year just ended on Tuesday, supported by a strong performance in its AI-led solutions.
McDonald's tops Q3 forecasts, but international sales narrow
McDonald's reported third-quarter 2024 earnings that surpassed Wall Street expectations on Tuesday, driven by effective US sales strategies, but weighed down by international challenges.
London pre-open: Stocks seen up on positive US cues; BP, HSBC in focus
London stocks were set to rise at the open on Tuesday following a solid session on Wall Street, as investors digested results from the likes of BP, HSBC and Hargreaves Lansdown.
US pre-open: Futures trade lower ahead of Alphabet earnings
Wall Street stocks were in the red ahead of the bell on Tuesday as market participants braced for a number of big tech earnings.
Europe midday: Markets rangebound as investors digest earnings and data
European stock markets were rangebound on Tuesday as risk appetite remains limited ahead of a number of key risk events in the coming days, while traders assessed a barrage of blue-chip corporate earnings and economic data.