Rasberry Pi surges after Jensen Huang comments, as Hedgeye goes long
Raspberry Pi shot higher on Tuesday after Hedgeye Risk Asset Management recommended buying shares of the maker of high-performance, low-cost single-board computers (SBCs), and boosted by comments from Nvidia boss Jensen Huang.
Wednesday preview: Prudential results, Fed rate announcement due
Wednesday sees the release of full-year results from Prudential, half-year results from Softcat and a trading update from Moonpig, while the Bank of Canada and the US Federal Reserve will make their latest policy announcements.
Europe close: Stocks rally despite rising crude prices
European shares advanced on Tuesday as energy markets remained volatile, with oil prices climbing back above the $100 mark after Iran struck oil and gas infrastructure for the first time since the United States and Israel began their war on Tehran.
London close: Stocks rise despite oil price rally as banks gain
London's FTSE 100 pushed higher for the second day on Tuesday, along with European and US markets, despite another rise in oil prices, with gains in the heavyweight banking sector providing a lift.
Impax Environmental Markets launches exit tender after clash with Saba
Impax Environmental Markets launched an exit tender offer on Tuesday, that would allow eligible shareholders to sell up to 100% of their holdings for cash, after a previous continuation tender failed because activist investor Saba Capital declined to participate.
Six Flags should be put up for sale, says activist investor
Investment management firm and activist investor Jana Partners has called for American theme park operator Six Flags Entertainment to be put up for sale, according to a Reuters report on Tuesday.
Broker tips: Zotefoams, The Property Franchise Group
Analysts at Canaccord Genuity raised their target price on foams manufacturer Zotefoams from 640p to 675p on Tuesday following the group's in-line 2025 numbers.
FTSE 250 movers: Raspberry Pi, Trustpilot surge; Close Bros slides
FTSE 250 (MCX) 22,297. 72 1. 25% .
Director dealings: Ocado's Rausing snaps up another £3.6m in shares
Ocado revealed on Tuesday that non-executive director Jorn Rausing had acquired 1. 78m ordinary shares in the FTSE 250-listed grocery software technology business.
FTSE 100 movers: Banks, BT Group in the black
London’s FTSE 100 was 1% higher at 10,418. 46 in afternoon trade on Tuesday.
Trump plans to delay China visit by 'a month'
US President Donald Trump said he planned to delay a key diplomatic visit to China by about a month because of the Iran war, with both Washington and Beijing denying it was due to the US leader's demand for other countries to provide military escorts for Gulf oil shipments.
Mastercard expands into digital assets space with BVNK acquisition
Payments giant Mastercard has announced the $1. 8bn acquisition of stablecoin infrastructure firm BVNK, which the firm says will enable it to address new use cases with stablecoins, tokenised deposits and tokenised assets.
Berenberg raises target price on Property Franchise Group
Over at Berenberg, analysts hiked their target price on The Property Franchise Group from 645p to 680p on Tuesday, citing "continuing progress from organic initiatives".
US open: Stocks higher as oil climbs, geopolitical tensions remain in focus
Major indices were in the green early on Tuesday, even as oil prices resumed their upward march.
US pending home sales rise in February, beating forecasts
US pending home sales rose 1. 8% month-on-month in February, according to the National Association of Realtors, but were down 0. 8% on a year-on-year basis.
Nebius to raise $3.75bn through convertible loan offering
Nebius Group shares tumbled on Tuesday after the Netherlands-based artificial intelligence cloud company said it plans to raise $3. 75bn via a convertible loan offering.
Amazon introduces one-hour deliveries in "hundreds" of US locations
Ecommerce giant Amazon has announced that it is introducing a new one-hour delivery option, seven days a week across "hundreds" of cities and towns across America.
IEA says it has 'a lot of stock' left after emergency oil release
The International Energy Agency said it would consider releasing more oil reserves in an attempt to stabilise prices and warned that markets would take time to rebound from the shock caused to supplies caused by the US-Israeli war on Iran.
Ofcom to oversee final phase of full-fibre rollout
The telecoms regulator is to extend oversight of BT Group's Openreach broadband network for another five years, it was confirmed on Tuesday, as it continues to back the rollout of full-fibre across the UK.
LG Energy Solution signs $4.3bn contract to supply Tesla with batteries
LG Energy Solution confirmed on Tuesday that it has signed a $4. 3bn contract to supply Tesla with energy storage system batteries.