Market Report
US close: Markets higher as investors shrug off trade concerns
US stocks were in the green by the closing bell on Tuesday, having earlier taken their cue from positive sessions in Asia and Europe as investors brushed off the latest escalation in trade tensions between the US and China.
Zalando blames weak revenue growth on long hot summer
Europe’s leading online platform for lifestyle and fashion issued a profit warning on Tuesday, blaming the long hot summer for weak revenue growth.
Wednesday preview: Emerging markets, CPI, Babcock in the spotlight
The market spotlight on Wednesday is likely to be on emerging markets, assuming no major developments materialise at this point on the Brexit front in Salzburg.
Europe close: Investors hope for best on trade front
Stocks on the Continent notched-up modest gains after the White House unveiled a more measured package of new trade tariffs on Chinese goods on Monday evening, although some analysts cautioned against reading too much into that.
London close: Shares struggle for direction amid trade tensions
London's stocks struggled for direction for a second day on Tuesday as investors seemed to shrug off the latest escalation in global trade tensions as the US and China both levied new tariffs on each other.
China fights back against US with $60bn of new tariffs
Beijing struck back at Donald Trump’s latest round of trade tariffs on Tuesday, imposing their own sanctions on $60bn worth of US goods.
US open: Investors shrug off latest round of tit-for-tariffs with China
US stocks rose at the open on Tuesday, taking their cue from positive sessions in Asia and Europe as investors brushed off the latest escalation in trade tensions between the US and China.
Director dealings: Intermediate Capital Group CFO lowers stake ahead of departure
Intermediate Capital Group's outgoing chief finance and operating officer Philip Keller sold 102,972 ordinary shares in the firm on Tuesday, lowering his stake to a total of 641,438 shares.
BMW to shut Oxford Mini factory for weeks after Brexit
Car manufacturer BMW is set to close its Mini factory in Oxford on the day of Brexit for at least a month as a result of growing concerns of a no-deal exit, according to reports.
FTSE 250 movers: Jardine surges on offer while IWG downgraded
London's FTSE 250 was up 0. 35% at 20,444. 76 in afternoon trade on Tuesday.
Broker tips: Centrica, IWG, Spectris, IMI
British Gas owner Centrica got a boost on Tuesday as Goldman Sachs upped the stock to 'buy' from 'sell' and lifted the price target to 176p from 174p saying the underperformance is overdone given the commodity outlook and the fact that the worst of UK regulatory risk is behind us.
Spire Healthcare to cut investment as profits collapse
Profits at Spire Healthcare remained in intensive care in the first half of the year after an "unprecedented decline" in admissions of NHS patients, but management remained confident in their new strategic direction.
Sector movers: Tobacco and tech fizzle, miners and insurers rise
Tobacco and tech stocks led on the downside on Tuesday, while the mining and non-life insurance sectors were the big risers.
FTSE 100 movers: Ocado rallies on trading update; ITV hit by Berenberg note
London's FTSE 100 was flat at 7,301. 86 in afternoon trade on Tuesday as investors took the escalating trade conflict between the US and China in their stride.
Viking Therapeutics soars 120% following positive results from VK2809
Viking Therapeutics soared as much as 120% in early trading after the firm revealed a positive set of results from a mid-stage trial of its non-alcoholic fatty liver disease treatment.
Flowtech warns investors that 'growth may be softening'
Flowtech Fluidpower warned investors on Tuesday that contract delays could mean that "growth may be softening".
BAE Systems £5bn Qatar contract becomes effective
BAE Systems said on Tuesday that its contract to supply the state of Qatar with Typhoon and Hawk aircraft is now effective.
US housebuilder sentiment steady in September - NAHB
Sentiment among US housebuilders was steady in September, according to data released on Tuesday.
RM2 signs smart pallet deal with unnamed Walmart supplier
Smart pallet developer RM2 International has entered into an agreement for the deployment of standard ‘RM2 BLOCKPal’ pallets with an unidentified “household name” in the homewares sector in North America.
SCISYS to provide software for TfL bus programme
Software systems, IT-based solutions and support services supplier SCISYS has signed a contract for around £2m with Trapeze Group to provide software design, development and support services to Transport for London for its timetabling and scheduling as part of its ‘Future Bus Systems’ programme.