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Sector movers: Rising government bond yields drag on precious metals miners
Precious metals miners' shares paced losses on Tuesday, as investors girded themselves for the result of the U. S. central bank's two-day policy meeting.
Europe close: Carmakers drive markets lower as earnings disappoint
European stock markets finished with heavy losses on Tuesday, with the exception of the UK's FTSE 100, with positive eurozone GDP data failing to lift the mood following some disappointing corporate results from some the region's heavy hitters.
Wednesday preview: Federal Reserve, Haleon in focus
Investors' focus in the middle of the week will be on the U. S. central bank.
Asian markets drive Q1 revenue growth at Carlsberg
Danish brewing giant Carlsberg on Tuesday announced a DKK1. 0bn (£110m) share buyback after a solid start to 2024 with strong growth in Asia and Central and Eastern Europe.
Broker tips: Marlowe, Fevertree
Analysts at Berenberg slightly lowered their target price on software and services firm Marlowe from 720. 0p to 710. 0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
London close: Stocks follow Wall Street into the red
London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as investors monitored the start of the Federal Reserve's two-day policy meeting.
OptiBiotix Health inks manufacturing deal with KAG Industries
Life sciences company OptiBiotix Health announced on Tuesday that its its Indian subsidiary, OptiBiotix Health India (OHI), has entered into a manufacturing agreement with KAG Industries for the supply of ‘Slimbiome’ products tailored for the Indian market.
Poolbeg agrees 12-month option over potential Behcet's treatment
Poolbeg Pharma announced an exclusive 12-month option agreement with Silk Road Therapeutics on Tuesday, to potentially acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX).
Eli Lilly hikes sales guidance by $2bn, shares jump
Shares in Eli Lilly jumped on Wall Street on Tuesday after the American pharma giant beat quarterly profit forecasts and hiked its full-year sales guidance by $2bn, helped by surging demand for its weight-loss drug Zepbound.
Faron Pharmaceuticals extends funding agreement with IPF
Faron Pharmaceuticals announced on Tuesday that it has extended its agreement with lender IPF to ensure continued financial support as it progressed towards securing longer-term funding.
Director dealings: Tracsis non-executive director makes share purchase
Tracsis revealed on Tuesday that non-executive director Ross Paterson acquired 4,814 ordinary shares in the AIM-listed software technology firm.
Telegraph and Spectator put up for sale again
The Telegraph and The Spectator are to be put up for sale again after Abu Dhabi-backed suitor RedBird IMI walked away, it was confirmed on Tuesday.
FTSE 100 movers: HSBC gains; Prudential in the red
London’s FTSE 100 was up 0. 3% at 8,172. 34 in afternoon trade on Tuesday.
United Oil signs new consultancy deal with Iman Hill
Jamaica and UK-focussed energy company United Oil & Gas announced a new consultancy arrangement with its non-executive director Iman Hill on Tuesday, to support the advancement of its Jamaican project.
Kodal amends agreement with Suay Chin International
Kodal Minerals announced an amendment to its agreement with Suay Chin International on Tuesday, terminating the right of first refusal over 80% of the spodumene product from the Bougouni Lithium Project in Southern Mali.
Berenberg slightly lowers target price on Marlowe
Analysts at Berenberg slightly lowered their target price on business-critical services and software firm Marlowe from 720. 0p to 710. 0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
US consumer confidence drops to 21-month low
Consumer confidence in the United States unexpectedly weakened in April, according to data released on Tuesday by The Conference Board, as the public turned more pessimistic about future business conditions and the labour market.
US open: Stocks trade lower as traders look ahead to outcome of FOMC meeting
Wall Street stocks registered early losses on Tuesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting and digested more mega-cap earnings.
FTSE 250 movers: Telecom Plus, Rotork in favour; Oil stocks slip
FTSE 250 (MCX) 20,034. 34 -0. 25% .
US house prices near record highs as growth picks up
Urban house-price growth in the US accelerated to its highest level in 16 months in February, according to data out on Tuesday from S&P CoreLogic Case-Shiller, with prices at or near all-time highs.