Broker tips: AB Dynamics, Zoo Digital, Funding Circle
Analysts at Berenberg reduced their target price on AB Dynamics to 1,350p from 1,700p on Tuesday following the group's full-year results, citing a tougher outlook for growth and margins amid continued disruption across the global automotive sector.
4Imprint shares fall despite forecast for FY in line with expectations
4imprint shares slid on Tuesday despite the promotional products marketer saying full-year results are set to be in line with expectations, with the board reaffirming guidance for 2026 revenue to be slightly above last year's $1. 35bn and adjusted pre-tax profit of around $130m.
Canaccord Genuity lifts Zoo Digital target price as recovery gathers pace
Canaccord Genuity raised its target price on Zoo Digital to 31p from 22p on Tuesday and reiterated its 'buy' recommendation on the stock after first-half results pointed to an accelerating recovery in trading and profitability.
Amazon gets go-ahead for wider UK drone delivery service
Amazon's Prime Air drone delivery service has been granted regulatory approval to expand operations in the north-east of England, increasing the number of eligible households to 8,000 from around 600.
US open: Stocks lowers as investors digest hotter-than-expected CPI reading
Major indices were in the red early on Tuesday open as investors digested a hotter-than-expected inflation reading and assessed fresh comments from Federal Reserve governor Christopher Waller, who signalled that further monetary tightening remains on the table.
FTSE 100 movers: Marks & Spencer rallies; energy names slump
London’s FTSE 100 was up 0. 1% at 10,794. 33 in afternoon trade on Tuesday.
Shore Capital hails 'strong operational execution' at Funding Circle
Shore Capital maintained a 'buy' rating on Funding Circle on Tuesday after a "positive update" from the fintech group in which upgraded its full-year outlook.
AI boom helps fuel earnings surge at Infineon Technologies
Germany’s Infineon Technologies posted a surge in fourth-quarter earnings and forecast further growth on Tuesday, as the chipmaker cashed in on the rapid build out of data centres.
Director dealings: Zotefoams' Jack Clarke snaps up shares
Zotefoams revealed on Tuesday that non-executive director Jack Clarke had acquired 4,290 ordinary shares in the London-listed polymer foams manufacturer.
Fed's Waller backs aggressive rate hikes to tackle sticky inflation
Federal Reserve governor Christopher Waller has backed further interest rate increases to tackle stubborn US inflation, warning that the central bank may need to raise borrowing costs by as much as 50 basis points in December to maintain its credibility.
US inflation slows in October but food and energy costs continue to rise
US consumer prices rose less sharply in October, according to the Bureau of Labor Statistics, offering some relief after September's stronger-than-expected reading, although higher food and energy costs continued to put pressure on households.
Metlen to sell portfolio of four UK solar parks to Nala Renewables
Metlen Energy & Metals said on Tuesday that it has agreed to sell four solar parks in the UK with a combined capacity of around 119 MW to Nala Renewables.
Princes Group reaffirms outlook despite 'challenging' market backdrop
Princes Group reaffirmed full-year guidance on Tuesday, after the tinned tuna specialist shrugged off tough market conditions to post a jump in third-quarter earnings.
Berenberg cuts AB Dynamics price target amid challenging automotive market
Analysts at Berenberg reduced their target price on AB Dynamics to 1,350p from 1,700p on Tuesday following the group's full-year results, citing a tougher outlook for growth and margins amid continued disruption across the global automotive sector.
US NFIB small business optimism index drops to 97.8 in October
The National Federation of Independent Business' small business optimism index edged down to 97. 8 in October from 97. 9 in September, marking its lowest reading since June but coming in broadly in line with expectations.
On Holding shares slide as tariff refund distorts quarterly beat
US-listed shares in Swiss sportswear group On Holding fell sharply in pre-market trading on Tuesday despite better-than-expected third-quarter results, as a one-off US tariff refund temporarily boosted profitability and the company left its full-year sales outlook unchanged.
Filtronic secures $3m follow-on contract with US customer
AIM-listed Filtronic said on Tuesday that it has secured a $3m follow-on contract with its undisclosed US-based customer in satellite communications.
US pre-open: Futures mostly higher ahead of October CPI reading
Wall Street futures were mostly higher ahead of Tuesday's open as investors awaited a key inflation reading and assessed fresh comments from Federal Reserve governor Christopher Waller, who signalled that further monetary tightening remains on the table.
London midday: FTSE gains amid Middle East peace hopes
London stocks were still higher by midday on Tuesday amid hopes the US-Iran conflict could be nearing an end.
Europe midday: Markets surge, oil falls on Ukraine peace hopes
European shares were within reach of record territory on Tuesday led by chip stocks - which shrugged off the scandal engulfing AI darling Nvidia - and a weaker oil price as US President Donald Trump played down military escalation against Iran with officials from both sides preparing for talks in Abu Dhabi.