London open: FTSE falls as investors mull jobs data
London stocks fell in early trade on Tuesday, having avoided the AI-fuelled weakness that hit European and US markets a day earlier, as investors mulled the latest UK jobs data and elevated oil prices.
GSK acquires global rights to multiple myeloma asset from Chimagen Biosciences
Drugmaker GSK said on Tuesday that it would pay up to $750m to acquire full global rights to a trispecific T‑cell engager for multiple myeloma from privately held biotechnology company Chimagen Biosciences.
Europe open: Shares down sharply as AI, rate hike fears grow
European shares fell sharply at the open on Tuesday as more uncertainty around the artificial‑intelligence IPO pipeline and elevated oil prices spooked investors while the prospects of a Fed rate hike increased as yields surged to their highest level in almost two decades.
Harworth sets out £7.4m in cost cuts to fend off Peel
Land and property regeneration specialist Harworth on Tuesday set out £7. 4m of planned cost cuts as it resists Peel’s unsolicited takeover bid, aiming to create a simpler, lower‑cost platform focused on powered land and data centres.
Wickes on track to meet FY estimates
DIY chain Wickes said it was on track to meet expectations of a 10% jump in adjusted annual profit despite an uncertain consumer environment.
UK unemployment rate steady in August, vacancies continue to fall
The UK unemployment rate was steady in August, while vacancies continued to fall, according to data released on Tuesday by the Office for National Statistics.
GSK acquires global rights to multiple myeloma asset, Wickes on track for 10pc jump in FY profits
LONDON PRE-OPEN The FTSE 100 was expected to open 23. 2 points lower ahead of the bell on Tuesday, after wrapping up the previous session 0. 44% firmer at 10,697. 57.
London pre-open: Stocks to dip as investors mull UK jobs data
London stocks were set to fall at the open on Tuesday, having avoided the AI-fuelled weakness that hit European and US markets a day earlier, as investors mulled the latest UK jobs data.
Tuesday newspaper round-up: Red Sea islands, BoE bond selling, energy imports
Yemen’s Houthi militants have seized two strategic islands in the Red Sea, reinforcing the Iran-backed group’s ability to control a key shipping route, as concerns mount that the world is facing a new oil supply crisis. The seizure of the islands of Greater and Lesser Hanish is the latest in the militant group’s swift advance across Yemen’s Red Sea coast, after the capture of the port of Mokha and Perim island in the Bab al-Mandab strait. – Guardian.