Wednesday preview: Tesla results, Wetherspoons update in focus
On Wednesday, investors will eye the release of interim results from Reach and a fourth-quarter trading update from pub group JD Wetherspoon.
Europe close: Stocks rally despite higher oil price
European stock markets rallied into the afternoon session to finish with solid gains on Tuesday, as a positive start on Wall Street and a recovery in the chip sector helped investors overlook ongoing uncertainty in the Middle East.
Novo Nordisk files lawsuit against Eli Lilly for 'misleading' weight-loss drug ads
Danish pharma group Novo Nordisk has launched legal action against rival Eli Lilly & Co, accusing it of using "misleading" and "deceptive" advertising for its weight-loss drugs.
London close: Defence shares rise as equities finish higher
London stocks closed higher on Tuesday, with defence shares pacing the gains after Andy Burnham appointed former defence secretary John Healy as chancellor, surprising markets after reports had suggested Shabana Mahmood or Ed Miliband were more likely contenders.
FTSE 100 movers: M&S rallies on broker note; Compass in the red
London’s FTSE 100 was 0. 4% higher at 10,566. 73 in afternoon trade on Tuesday.
Broker tips: Volex, M&S
Analysts at Canaccord Genuity upgraded Volex to 'buy' from 'hold' on Tuesday, saying the shares now offered around 18% upside to its new 600p target price after pulling back from June highs.
FTSE 250 movers: Mitie, Ocado and Kier provide a lift
Outsourcing and energy services firm Mitie Group was the standout performer of the day on the FTSE 250 on Tuesday after agreeing to be taken over by rival OCS Group in a £3. 1bn deal.
Ocado to build large CFC for ‘fast-growing’ European national retailer
Ocado said on Tuesday that it has agreed to build a large customer fulfilment centre for a fast-growing European national retailer.
Director dealings: Supreme CEO snaps up shares
Supreme revealed on Tuesday that chief executive officer Sandeep Chadha had acquired 500,000 prdonary shares in the AIM-listed consumer goods firm.
Shares in Halliburton slide despite above-forecast earnings
Halliburton posted above-forecast quarterly numbers on Tuesday, after strong trading in international markets helped offset a weaker performance in the war-hit Middle East.
Mitie to be taken over by rival OCS Group in £3.1bn deal
Outsourcing and energy services firm Mitie said on Tuesday that it has agreed to be bought by rival OCS Group in a £3. 1bn deal.
Canaccord Genuity upgrades Volex to 'buy'
Analysts at Canaccord Genuity upgraded Volex to 'buy' from 'hold' on Tuesday, saying the shares now offered around 18% upside to its new 600p target price after pulling back from June highs.
JPMorgan lifts M&S price target, reiterates ‘overweight’
JPMorgan lifted its price target on Marks & Spencer on Tuesday to 450p from 440p as it reiterated its ‘overweight’ rating, arguing that the turnaround is gaining traction.
US open: Stocks higher as investors look past Iran tensions
Major indices were in the green early on Tuesday as investors looked past the latest developments in the Iran conflict and shifted focus back to a busy slate of corporate earnings.
3M boosts guidance following robust Q2
Shares in 3M jumped on Tuesday after the US industrial giant raised full-year earnings guidance following a strong second quarter.
Nebius shares jump as Nvidia filing reveals 9% stake
Shares in AI infrastructure group Nebius surged in pre-market trading on Tuesday after a SEC filing revealed that Nvidia holds a 9. 3% stake in the company, underlining the chipmaker's commitment to one of the fastest-growing providers of AI cloud computing services.
General Motors lifts FY26 guidance after Q2 beat
Automotive giant General Motors lifted a number of its 2026 earnings forecasts on Tuesday after posting a stronger‑than‑expected second quarter, with North American operations once again driving performance.
Europe midday: Stocks rise, but Middle East tensions limit upside
European stocks edged higher on Tuesday after two days in the red, with reports of diplomatic progress between the US and Iran helping to lift sentiment – even as oil prices continued to rise.
Metro Bank exploring £2bn merger with Aldermore - report
Metro Bank is reportedly exploring a £2bn merger with Aldermore, which is up for sale after becoming embroiled in the motor finance mis-selling scandal.
Prologis ramps up pressure on Segro as deadline looms
Prologis made a fresh tilt at takeover target Segro on Tuesday, as it appealed to shareholders ahead of a key deadline.