Jan 21
London close: Stocks slip amid coronavirus concerns

London stocks retreated on Tuesday, but finished the session well off their lows, dragged lower by worries about the spread of coronavirus in China and a stronger pound, as solid UK jobs data weakened the case for a rate cut by the Bank of England.

Jan 21
London Stock Exchange, markets, traders, trading, City, shares
Director dealings: Hardide co-founder lowers stake

Hardide revealed on Tuesday that co-founder Yuri Zhuk had sold 208,775 ordinary shares in the AIM-listed coatings manufacturer.

Jan 21
Wednesday preview: Davos, Burberry Group in focus

The focus around the world on Wednesday will continue to be on the World Economic Forum in Davos.

Jan 21
Fever-Tree, Fevertree, drinks, tonic
Broker tips: Spire Healthcare, Fevertree

Jefferies downgraded its stance on shares of private healthcare provider Spire Healthcare to ‘underperform’ on Tuesday, as it said the rally since 3 October, when it upgraded to ‘hold’, gives an "unfavourable risk/reward" to the stock.

Jan 21
mike coupe sainsburys
Sainsbury to axe 'hundreds' more management jobs - Sky

Sainsbury's will let go "hundreds" more managers as it continues to try and integrate Argos, which it purchased in 2016, into its own stores.

Jan 21
wall street
US open: Dow retreats from record highs as coronavirus outbreak weighs on global equities

Wall Street trading began with some losses on Tuesday as traders returned from the Martin Luther King Jr Day holiday to concerns over a new strain of pneumonia in China.

Jan 21
Dixons Carphone, electrical retail
FTSE 250 movers: Dixons Carphone gains on update; Kaz Minerals drops

London’s FTSE 250 was down 0. 6% at 21,716. 42 in afternoon trade on Tuesday.

Jan 21
FTSE 100 movers: Evraz slumps; EasyJet flies higher on guidance upgrade

London’s FTSE 100 was down 0. 6% at 7,602. 20 in afternoon trade on Tuesday amid growing concerns about the coronavirus spread in China.

Jan 21
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Integumen's Labskin inks deal with Innocare Group

Integumen announced on Tuesday that its subsidiary Labskin has signed a memorandum of understanding with Innocare Group.

Jan 21
fever-tree, beverage, drinks, tonic water, fizzy, pop,
JPMorgan downgrades Fevertree after profit warning

JPMorgan Cazenove downgraded its stance on shares of posh tonics maker Fevertree to ‘neutral’ from ‘overweight’ on Tuesday and slashed the price target to 1,500p from 2,400p following the company’s second profit warning in two months.

Jan 21
ep aston martin
Cambria buys Aston Martin and Rolls-Royce dealerships in Edinburgh

Franchised motor retailer Cambria Automobiles announced the acquisition of one Aston Martin franchise and one Rolls-Royce Motor Cars franchise in Edinburgh on Tuesday, from the administrator of Leven Cars Group.

Jan 21
ep youtube
Entertainment AI makes solid progress throughout 2019

Technology and media platform developer Entertainment AI said on Tuesday that both its motoring-focused Youtube channel and its Tagasauris artificial intelligence subsidiary had made some solid progress during 2019.

Jan 21
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Uber offloads Indian food delivery business

Uber has struck a deal to sell its Indian food delivery service to local food app Zomato.

Jan 21
Europe midday: Stocks weighed down by Asian virus fears, growth concerns

Stocks on the Continent were trading lower on Tuesday, with the selling seen during the Asian session amid a host of concerns continuing to weigh on investor sentiment in European trading hours.

Jan 21
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Hardide raises £2.5m in 'substantially oversubscribed' placing

Advanced surface coating technology company Hardide has conditionally raised £2. 5m before expenses by way of a placing, it announced on Tuesday.

Jan 21
cash money sterling pound
Pennant buys out Aussie-based ADG

Training and support provider Pennant International Group has exchanged contracts to acquire Australia-based Absolute Data Group (ADG), it announced on Tuesday.

Jan 21
Morgan Stanley, Morgan, Stanley, bancos, estados Unidos
Citi downgrades 'fairly valued' Morgan Stanley

Citi has downgraded its rating on Morgan Stanley, arguing that the bank is already fairly valued.

Jan 21
Finance, graph
Elecosoft 2019 results seen in line with market views

Construction software specialist Elecosoft said on Tuesday that results for the year to the end of December are expected to be ahead of the prior year and in line with market expectations despite "difficult" trading conditions.

Jan 21
Boeing approves Velocity Composites to supply 737 MAX programme

Advanced aerospace composite supplier Velocity Composites has received approval from Boeing to supply structural composite material kits for its single aisle narrowbody jet platform, it announced on Tuesday.

Jan 21
Dixons Carphone, electrical retail
Dixons Carphone reports mixed performance over festive period

Dixons Carphone reported a rise in electricals revenue over the festive period but a drop in mobile sales on Tuesday as it said it was on course to deliver on its full-year expectations.