Wednesday preview: Greggs update, US PCE in focus
Wednesday will bring a third-quarter trading update from Greggs and half-year results from Saga and Spire Healthcare.
Europe close: Stocks drop late on as Treasury yields rise
European stocks gave up earlier gains and finished lower Tuesday afternoon after a weak Wall Street start, as another sell-off in US government debt tempered investors' appetite for equities.
London close: FTSE gives up gains to close in the red
London stocks finished in the red on Tuesday, as miners pared back earlier gains and investors mulled Andy Burnham’s first conference speech as prime minister.
Burnham vows to drop pensions triple lock
Andy Burnham pledged to scrap the pension triple lock on Tuesday, as he confirmed plans to deliver a national care service and overhaul the electoral system.
Watchdog minded to green light Co-op's acquisition of Southern Co-op
The competition watchdog on Tuesday provisionally backed a series of remedies put forward by Co-op Group to assuage concerns about its acquisition of smaller rival Southern Co-op.
'Reckless' Southwest Water fined £8m for sewage spills
South West Water has been fined more than £7. 8m after a judge found that its conduct amounted to “reckless failures” in managing pollution risks and responding to known problems.
Broker tips: Coca-Cola HBC, Victrex
Analysts at Berenberg nudged their target price for Coca‑Cola HBC higher on Tuesday, lifting it from 5,453p to 5,483p, as they reiterated a 'buy' rating on the stock and said the forthcoming acquisition of Coca‑Cola Beverages Africa would materially strengthen the group's long‑term growth profile.
Shell to double LNG Canada capacity
Shell said on Tuesday that it has reached a final investment decision to double production capacity at the LNG facility in Kitimat, British Columbia.
Director dealings: Midwich CFO takes up stake
Midwich revealed on Tuesday that chief financial officer Adam Councell had acquired 74,586 ordinary shares in the AIM-listed technology solutions provider.
Julius Baer shares jump as Swiss regulatory probe ends
Shares in Julius Baer surged to a record high on Tuesday after Swiss financial regulator FINMA brought longstanding enforcement proceedings against the private bank to a close.
US consumer confidence weakens in September
US consumer confidence weakened in September, according to the Conference Board, with both assessments of current conditions and expectations for the months ahead deteriorating.
US open: Stocks mixed as rising yields keep pressure on markets
Wall Street trading got off to a mixed start on Tuesday following another weak session driven by rising Treasury yields.
US job openings hold steady in August
US job openings were little changed in August, according to the latest JOLTS report from the Bureau of Labor Statistics, holding at 7. 1m, with hires and separations also broadly steady.
FTSE 100 movers: Energy shares dip; miners rally as copper prices rise
London’s FTSE 100 was down 0. 1% at 10,671. 77 in afternoon trade on Tuesday.
Profits tumble at Shein, shares slide
Shares in fast fashion giant Shein tumbled on Tuesday, after debut earnings disappointed.
Canaccord Genuity hikes Victrex price target following CMD
Canaccord Genuity lifted its target price for Victrex on Tuesday, raising it from 725p to 1,050p, as it said last week's capital markets day had set out a clearer, more disciplined strategy for the polymer specialist.
US home prices rise 1.9pc in July as regional divide widens
US home price growth picked up in July, with the S&P Cotality Case‑Shiller national home price index rising 1. 9% year‑on‑year, up from 1. 6% in June, although values continued to fall in real terms for a 14th straight month as inflation ran at 3. 4%.
Legrand lifts 2030 targets, shares surge
Shares of Legrand surged on Tuesday after the French specialist in electrical and digital building infrastructure lifted its 2030 targets, driven by AI data centre demand.
Berenberg raises target price on Coca‑Cola HBC ahead of African acquisition
Analysts at Berenberg nudged their target price for Coca‑Cola HBC higher on Tuesday, lifting it from 5,453p to 5,483p, as they reiterated a 'buy' rating on the stock and said the forthcoming acquisition of Coca‑Cola Beverages Africa would materially strengthen the group's long‑term growth profile.