US close: Stocks retreat as tech drags after Monday's gains
Major indices closed lower on Tuesday after starting off the new month with solid gains in the previous session.
Europe close: Stocks give up earlier gains as metal prices flourish
European equities pared earlier gains by the close on Tuesday after touching record highs, as a rebound in metals prices offset some profit taking following the previous two sessions’ sell-off.
London close: FTSE falls as a host of stocks hit by AI worries
London stocks ended down on Tuesday despite a recovery in metals prices, as AI worries hit the likes of Relx, LSEG and Pearson, among others.
PayPal shares slump as CEO replaced, outlook cut
PayPal shares slumped on Tuesday as the digital payments company replaced its chief executive after a disappointing earnings outlook, saying it was unhappy with the pace of change.
Wednesday preview: GSK results among the highlights
Wednesday sees the release of full-year and fourth-quarter results from drugs giant GSK, while DCC, SSE and Watches of Switzerland will publish third-quarter trading statements.
Broker tips: JD Sports, Antofagasta, Centrica
Deutsche Bank cut its price target on JD Sports to 85p from 95p on Tuesday and kept its 'hold' rating on the stock as it said the retailer was "running against the trend".
Glencore to sell 40% stake in DRC assets to consortium Orion CMC for $9bn
Glencore said on Tuesday that it has agreed to sell a 40% stake in its Democratic Republic of Congo assets to investment consortium Orion CMC for $9bn.
US open: Stocks mostly higher as markets look to build on strong start to month
Wall Street trading got off to a mostly positive start on Tuesday after major indices started off the new month with solid gains in the previous session.
Paris office of X raided by French prosecutors
The Paris office of Elon Musk’s X has been raided by French authorities, it was confirmed on Tuesday, as a probe into the social media network was widened following complaints about artificial intelligence tool Grok.
Relx, Pearson and Informa slide as Anthropic launches AI legal tool
Relx, Pearson and Informa were all under the cosh on Tuesday amid concerns about the impact of AI, after US-based Anthropic released an AI-powered productivity tool for companies’ in-house legal teams.
FTSE 100 movers: Relx, Experian, LSEG tumble on Anthropic AI tool; miners shine
London’s FTSE 100 was down 0. 7% at 10,272. 07 in afternoon trade on Tuesday.
Director dealings: Rank chairman makes share purchase
Rank Group revealed on Tuesday that chairman John Ott had acquired 19,691 ordinary shares in the FTSE 250-listed gambling outfit.
Disney appoints Josh D'Amaro as CEO
Walt Disney said on Tuesday that Josh D’Amaro, the chairman of its experiences division, will succeed Robert Iger as chief executive on 18 March, ending a three-year search.
RBC Capital Markets raises target price on Centrica
Analysts at RBC Capital Markets updated its Centrica estimates ahead of the firm's 2025 year-end results, lowering its numbers but raising its target price.
AG Barr shares jump on £51m Fentimans, Frobishers deals
Shares in AG Barr jumped on Tuesday after the Irn-Bru maker said it had bought soft drinks maker Fentimans and premium juice brand Frobishers for a combined £51m as it looked to cash in on the fall in alcohol consumption by consumers.
PepsiCo lifts earnings despite softer demand and volume declines
Snacks and beverage giant PepsiCo said on Tuesday that quarterly earnings and revenues had come in ahead of market expectations, supported by an improvement in organic sales across the business even as consumer demand remained soft after a period of higher pricing.
CyanConnode confirms £35m takeover approach from Esyasoft
AIM-listed smart metering specialist CyanConnode confirmed on Tuesday that it has received an indicative non-binding takeover approach from Esyasoft that values the group at £35m, or 9. 75p a share.
Shearwater division secures £9m contract renewal, expansion
Shearwater Group said on Tuesday that one of its operating companies had secured a long-term contract renewal and expansion worth around £9m with a global financial organisation, supporting delivery of the group’s expectations for the year ahead.
Profits jump as Nintendo flags bumper Switch 2 sales
Nintendo posted a jump in quarterly profits on Tuesday, as it reiterated sales guidance for its newly-launched Switch 2 console.