Wednesday preview: Barratt Redrow update, Morgan Stanley results due
Wednesday will bring trading updates from housebuilder Barratt Redrow and Hunting, as well as full-year results from Cohort.
London close: FTSE ends up as US inflation print cuts odds of Fed hike
London stocks ended up on Tuesday, reversing earlier losses as softer-than-expected US inflation data reduced the odds of a rate hike, and as oil prices eased back after Donald Trump abandoned plans to impose a 20% charge on cargo shipments through the Strait of Hormuz.
Europe close: Stocks rise after soft US inflation reading
European stocks edged higher on Tuesday despite another climb in oil prices as a sharp slowdown in US inflation eased concerns that the Federal Reserve will hike interest rates at its next meeting.
BlackRock Income & Growth sees portfolio grow in volatile June
London-listed BlackRock Income & Growth Investment Trust has reiterated its constructive long-term view of the UK market in face of ongoing macro volatility, as it reported an improvement in its portfolio value over the past month.
Oil prices ease off highs as Trump abandons 20% Hormuz fee
Oil prices eased off highs on Tuesday after Donald Trump abandoned plans to impose a 20% charge on cargo shipments through the vital Strait of Hormuz.
Broker tips: Pearson, Genus
JPMorgan downgraded Pearson on Tuesday to 'neutral' from 'overweight' and cut its price target on the stock to 1,420p from 1,430p, saying its forecasts now only imply modest upside and that it sees better value elsewhere.
FTSE 250 movers: Genus gains on outlook; Oil stocks up amid Gulf tensions
FTSE 250 (MCX) 23,378. 17 -0. 08% .
Genus sees FY 'moderately ahead' of expectations, shares rise
Animal genetics company Genus on Tuesday said it expected annual earnings to be moderately above expectations after a strong second half in Asia and Latin America that more than offset weaker conditions in North America, sending shares in the firm 5% higher.
Fed chair vows to tackle stubborn inflation
The Federal Reserve’s new chair has insisted to US lawmakers that the surge in inflation seen over the last five years will become “a thing of the past”.
Director dealings: SysGroup executive chairman ups shareholding
SysGroup revealed on Tuesday that executive chairman Heejae Chae had acquired 416,639 ordinary shares in the AIM-listed IT services provider.
Profits hit record high at Goldman Sachs on bullish markets
Profits at Goldman Sachs soared in the last quarter, the Wall Street giant confirmed on Tuesday, on the back of record equity trading and a surge in investment banking fees.
Berenberg reiterates 'buy' rating on Genus
Analysts at Berenberg maintained their 'buy' rating on Genus on Tuesday as it said the animal genetics firm's latest trading update showed strong momentum across the business, prompting another upgrade to full‑year guidance and extending what the broker described as a sustained run of improvements since early 2025.
Bank of America beats forecasts as Q2 profits jump 27%
Bank of America beat analysts' estimates with a surge in second-quarter profits, aided by improved consumer confidence, strong client activity in stock trading, and the bank's investments in artificial intelligence.
FTSE 100 movers: Oil giants gush higher; Barratt Redrow retreats ahead of update
London’s FTSE 100 was up 0. 3% at 10,532. 38 in afternoon trade on Tuesday.
US open: Stocks edge higher as traders weigh CPI slowdown, bank earnings
Major indices were in the green early on Tuesday, with traders balancing rising US-Iran tensions against June inflation data and a fresh batch of bank earnings.
US inflation cools more than expected as gasoline pressures ease
The annual rate of consumer inflation in the US slowed substantially in June, according to data out on Tuesday from the Bureau of Labor Statistics, as increases in gasoline prices eased following last month's ceasefire deal between the US and Iran.
Mike Ashley’s Frasers gatecrashes Harvey Nichols auction - report
Mike Ashley’s Frasers Group has reportedly gatecrashed the auction of Harvey Nichols despite objections from a number of prestige brand-owners to a prospective sale to the Sports Direct and House of Fraser owner.
JPMorgan Chase posts record Q2 earnings
US banking giant JPMorgan Chase posted record second‑quarter earnings on Tuesday, lifted by a sharp rebound in big‑ticket IPOs and dealmaking, alongside stronger trading performance in volatile markets.
IBM preliminary Q2 earnings disappoint, shares slide
IBM shares tumbled on Tuesday after the tech firm’s preliminary second-quarter earnings fell short of expectations amid weakness in the software and infrastructure segments.
US small business optimism rises to 97.4 in June
The National Federation of Independent Business' small business optimism index rose to 97. 4 in June, its highest level in four months, up from 95. 3 in May and above expectations of 95. 8.