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Wall Street stocks closed higher on Tuesday following a sharp sell-off in the previous session, driven by some stronger than expected manufacturing data. At the close, the Dow Jones Industrial Average was up 0.55% at 30,391.60, while the S&P 500 was 0.71% firmer at 3,726.86 and the Nasdaq Composite saw …

Bonhill Group updated the market on its US Paycheck Protection Program (PPP) loan on Tuesday, having received the $1.1m loan on 29 May. The AIM-traded business information, events and data company said the loan was made to protect US jobs and, provided it used it for employee retention, payroll and …

Berenberg upped its rating on Royal Mail on Tuesday to ‘hold’ from ‘sell’ and hiked the price target to 280p from 137p as it said risks remain but are now balanced. The bank noted that despite a severe hit to mail volumes, Royal Mail has been relatively successful during the …

London’s FTSE 100 was up 0.3% at 6,590.75 in afternoon trade on Tuesday. Aveva was the top gainer after an upgrade to ‘buy’ from ‘neutral’ at UBS. Next was also sharply higher after the retailer reported a smaller-than-expected drop in sales over Christmas and said online sales made up for …

European markets slipped as the UK imposed its third national lockdown and Germany prepared to extend measures to stymie a surge of coronavirus cases. The pan-European Stoxx 600 was down 0.19% to 400.94, although London’s FTSE 100 was up 0.61% at 6,612.25. France’s CAC 40 slipped 0.44% to 5,564.60, and …

London’s FTSE 250 was up 0.5% at 20,633.81 in afternoon trade on Tuesday. Softcat surged to the top of the index after saying that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be. In an update ahead of …

Analysts at Morgan Stanley downgraded their view on several UK office stocks in response to expected increases in supply and the structural uncertainties that were still present. The direction for the office subsector was clouded by a mix of cyclical and structural factors alongside a wide range of financial and …

Carbon fibre brake disc manufacturer Surface Transforms updated the market on its trading for the year ended 31 December on Tuesday, reporting that revenue for the year rose to £2m from £1.9m. The AIM-traded firm said cash at the end of the year stood at £1.1m, up from £0.8m, and …

London stocks rose in early trade on Tuesday despite the imposition of a third national lockdown in England, as investors eyed a statement from Chancellor Rishi Sunak on a fresh business support package. At 0840 GMT, the FTSE 100 was up 0.6% at 6,609.84, faring well considering England was set …

London stocks were set to fall at the open on Friday as investors continue to eye Brexit talks. The FTSE 100 was called to open 26 points lower at 6,525. CMC Markets analyst Michael Hewson said: “Asia markets have finished the week slightly on the back foot, after the Bank …