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Wednesday preview: US CPI, Burberry in the spotlight
Wednesday will bring with it the week's key risk event - barring surprises - in the form of the latest US consumer price report.
Sector movers. Shares buoyed by speculation around June Bank Rate cut
Interest rate sensitive areas of the market fared best on Tuesday as softer jobs data and comments from the Bank of England's chief economist led some economists to reiterate their forecasts for a June rate cut.
US wholesale inflation rises more than forecast
US producers prices rebounded more than expected in April after a downwardly revised fall the precious month, with the annual rate of inflation rising to its highest level in a year.
Europe close: Stocks edge higher as investors digest macro data
After a flat start, European stocks pulled into positive territory by the close on Tuesday, pushing the Stoxx 600 index to another record close, as markets rallied for the eighth day straight.
Broker tips: Greggs, Inchcape, Unilever
Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".
London close: Stocks manage gains as unemployment rises
London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.
Director dealings: Carr's Group director makes share purchase
Carr's Group revealed on Tuesday that senior independent director Gillian Watson had acquired 37,254 shares in the London-listed agriculture and engineering company.
Klarna edges closer to $20bn float - report
Buy now pay later firm Klarna has reportedly cleared a crucial hurdle on its journey towards a stock market flotation expected to value it at as much as $20bn (£15. 9bn).
FTSE 100 movers: Ocado surges; Anglo American in the red
London’s FTSE 100 was up 0. 2% at 8,428. 30 in afternoon trade on Tuesday.
US open: Stocks higher as investors thumb over PPI data
Wall Street stocks were higher early on Tuesday as market participants digested key inflation data.
Mears Group wins £125m contract in North Lanarkshire
UK housing services providers Mears Group has won a contract with North Lanarkshire Council worth £125m, the company announced on Tuesday.
OPEC holds production forecasts, plans to use OPEC+ outlook
OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.
IQGeo to be taken private by KKR in £316m deal, shares surge
Shares of IQGeo Group surged on Tuesday as it agreed to be taken over by private equity firm KKR in a £316m deal.
Barclays lifts Unilever target price after strong Q1
Barclays has lifted its target price for Unilever following the consumer-goods group's well-received first-quarter results last month, saying the current quarter could beat expectations.
US pre-open: Futures cautiously higher ahead of PPI reading
Wall Street futures were slightly higher ahead of the bell on Tuesday as market participants awaited key inflation data.
Foxconn Q1 profits jump 72% as AI server demand soars
Taiwanese electronics giant and iPhone assembler Foxconn on Tuesday reported a huge surge in first-quarter profits as it delivered a confident outlook for the current quarter due to strong demand for its AI servers.
Serica Energy taps Chris Cox as its new CEO
Independent upstream oil and gas firm Serica Energy announced the appointment of Chris Cox as its new chief executive officer on Tuesday, effective 1 July.
Hutchmed China launches two cancer treatment trials
Hutchmed China announced the start of two significant clinical trials on Tuesday, aimed at addressing critical unmet needs in cancer treatment.
Revenue rises, profits set to shrink for Gateley
Professional services group Gateley said in an update on Tuesday that it expected robust revenue growth of 5. 7% for the financial year just ended, surpassing £172m, compared to £162. 7m in the prior year.