Wednesday preview: More US bank earnings due
Wednesday will bring more US bank earnings, with quarterly results from Bank of America and Morgan Stanley due, while BlackRock is also slated to report.
Europe close: Stocks end lower as tech names fall
European shares failed to hold on to gains on Tuesday, ending the session a touch lower, with tech stocks under pressure after a selloff in Asia amid persistent concerns over the actual strength of the artificial intelligence sector.
London close: FTSE reverses earlier gains; US bank earnings in focus
London stocks erased earlier gains to end a touch lower on Tuesday as investors mulled a slew of US bank earnings.
Broker tips: Serco, Mears, Victorian Plumbing
Berenberg said Serco and Mears should be the next beneficiaries of renewed interest in the UK outsourcing sector, lifting its target prices on both stocks after the Mitie takeover highlighted what it sees as a clear valuation opportunity.
LSEG confirms talks on potential $3.5bn Octus acquisition, shares fall
London Stock Exchange Group has confirmed it is in talks with private equity outfit Permira over a potential $3. 5bn acquisition of credit intelligence and data provider Octus.
Director dealings: Mortgage Advice Bureau chairman snaps up shares
Mortgage Advice Bureau revealed on Tuesday that non-executive chairman Michael Jones had acquired 5,833 ordinary shares in the AIM-listed property finance platform operator.
US existing home sales inch higher in September
US existing‑home sales ticked higher in September, according to the National Association of Realtors, rising 1. 5% on the month but falling 2. 2% year‑on‑year to an annualised 3. 99m units.
Entain rallies as JV BetMGM hails ‘strong’ Q3
Entain rallied on Tuesday after BetMGM - its joint venture with MGM Resorts - hailed a "strong" third-quarter performance and reaffirmed its guidance for the full year.
Melrose's GKN Aerospace reaches $125m settlement for Garden Grove incident
Melrose Industries shot higher on Tuesday as it said its GKN Aerospace unit had reached a $125m settlement with authorities in California over a chemical incident at its Garden Grove facility in May, and that it continues to expect a phased return to full capacity at the site in the fourth quarter.
US open: Stocks muted at the bell as bank earnings flood in
Major indices were little changed at the open on Tuesday as third-quarter bank earnings began to roll in.
FTSE 100 movers: Melrose surges; LSEG slumps on potential acquisition
London’s FTSE 100 was 0. 1% higher at 10,666. 40 in afternoon trade on Tuesday.
Goldman Sachs equities trading drives bumper Q2
Shares in Goldman Sachs rose on Tuesday after the US investment bank reported its second-highest quarterly revenue on record, fuelled by a 72% surge in equities trading income.
Canaccord Genuity nudges up target price on Victorian Plumbing
Analysts at Canaccord Genuity lifted their target price on Victorian Plumbing to 135p from 132p on Tuesday and reiterated their 'buy' stance on the back of a stronger‑than‑expected trading update.
JPMorgan shares subdued as third-quarter earnings miss forecasts
JPMorgan Chase on Tuesday reported third-quarter earnings and revenue below Wall Street expectations, despite higher profits driven by growth in lending and investment banking.
Berenberg hikes target prices on Serco and Mears
Berenberg said Serco and Mears should be the next beneficiaries of renewed interest in the UK outsourcing sector, lifting its target prices on both stocks after the Mitie takeover highlighted what it sees as a clear valuation opportunity.
LVMH shares fall as China woes hit fashion and leather goods sales
Shares in French luxury goods giant LVMH fell on Tuesday after the company reported a decline in third-quarter sales at its flagship fashion and leather goods division, as weaker demand in China weighed on performance.
Wells Fargo earnings beat expectations despite weaker‑than‑forecast revenue
US lender Wells Fargo posted higher third‑quarter profits on Tuesday, as loan growth and firmer interest income continued to support performance, but revenues disappointed.
US pre-open: Futures mixed as Q3 earnings season kicks off
Wall Street futures were pointing to a mixed open ahead of the bell on Tuesday as market participants strapped in for the begining of third-quarter earnings season.
Oxford Instruments sees FY in line with views as interim revenue rises
Oxford Instruments said on Tuesday that full-year results were set to be in line with market expectations as it reported a rise in interim revenue amid strong demand across both divisions.