Wednesday preview: JD Sports and Renishaw results due
Renishaw will publish full-year results on Wednesday, while Ceres Power, Judges Scientific and Kooth will release half-year numbers.
London close: Stocks fall after borrowing data; Brent creeps back above $100 a barrel
London stocks ended in the red on Tuesday, unable to hold on to earlier small gains following uninspiring borrowing figures, and as Brent crude crept back above $100 a barrel.
Europe close: Stocks hit two-week high as oil continues to fall
European stocks rose to a two-week high on Tuesday, helped by another fall in oil prices as supply concerns continued to ease in the Middle East.
DoorDash reaches $132m settlement over NYC worker pay
DoorDash has agreed a $131. 5m settlement with New York City over underpayments and late payments to delivery workers, admitting that it had “screwed up” in complying with the city’s pay rules.
Broker tips: Cranswick, Burberry, Atalaya, Ithaca Energy
Analysts at Berenberg upgraded Cranswick from 'hold' to 'buy' on Tuesday, saying a visit to the group's Suffolk poultry facility underlined its growing market leadership and the widening competitive moat around the business.
Richmond Fed's manufacturing index softens in September
Fifth District manufacturing activity softened in September, according to the Richmond Federal Reserve, with the headline composite index slipping back into negative territory.
US open: Dow retreats, S&P edges up as oil declines
Major indices were mixed early on Tuesday, with the Dow Jones heading south and the S&P 500 hitting a fresh intraday high, with oil prices continuing to ease.
Kingfisher shares spark on guidance lift after H1 earnings jump 9.9%
Shares in Kingfisher surged on Tuesday as the DIY retailer lifted annual guidance after a 9. 9% jump in half-year profits driven by a strong performance at its Screwfix unit along with gains in Poland and Spain.
Director dealings: Foreterra non-executive director snaps up shares
Forterra revealed on Tuesday that non-executive director Gavin Hill had acquired 28,944 ordinary shares in the London-listed building products manufacturer.
FTSE 100 movers: Kingfisher surges on guidance upgrade; BP, Ithaca gush lower
London’s FTSE 100 was up 0. 3% at 10,767. 49 in afternoon trade on Tuesday.
Whitbread shareholder Corvex pushes for board seat
Activist investor Corvex Management has called on Whitbread to hold a general meeting to vote on appointing Corvex partner James Gemmel to the Premier Inn owner’s board, escalating pressure on the company over its strategy and capital allocation.
On Holding to return up to $1bn to shareholders
Switzerland’s On Holding unveiled plans to return up to $1bn to investors on Tuesday, sending shares in the sportswear manufacturer sharply higher.
US pre-open: Futures trade higher following tech-led rally
Wall Street futures were in the green ahead of the opening bell on Tuesday, after the previous session's tech‑led rally driven by artificial‑intelligence names.
Alibaba ramps up AI plans, share spark
Shares in China’s Alibaba sparked on Tuesday after the tech giant outlined plans to further bolster its artificial intelligence offering.
Shore Capital starts coverage of Ithaca Energy at ‘buy’
Shore Capital initiated coverage of Ithaca Energy on Tuesday with a ‘buy’ rating and 340p price target, saying it has established itself among the largest remaining UK oil and gas producers after a decade of acquisition activity.
Europe midday: Stoxx rallies, oil falls on Iran Hormuz 'offer'
European shares rallied and oil prices fell below $100 a barrel in late morning trade on Tuesday on reports that Iran could re-open the Strait of Hormuz within a week if the US eased military pressure.
M&C Saatchi swings to interim loss, shares slide
Shares in M&C Saatchi came under pressure on Tuesday, after the advertising firm swung to an interim loss.
London midday: FTSE touch higher, Brent crude dips below $100 a barrel
London stocks were still a touch firmer by midday on Tuesday as investors shrugged off uninspiring borrowing figures, and as Brent crude fell below $100 a barrel on a report that Iran has offered to reopen the Strait of Hormuz within seven days if the US takes initial steps toward easing military pressure.
UK factory order books strengthen as output decline eases
UK manufacturing order books improved for the second consecutive month in September, while the decline in output eased sharply, according to the latest survey from the Confederation of British Industry.