*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Jefferies reiterated its ‘buy’ rating on Babcock on Tuesday and lifted the price target to 460p from 450p as it assumed coverage of the shares and took the opportunity "to revisit the case and provide an update on the Type 31 situation".
The board of the scandal-hit Confederation of British Industry has reportedly drafted in lawyers to prepare for a prospective insolvency filing ahead of a crunch vote by thousands of its members next week.
US stock futures pointed to a positive open on Tuesday amid cautious optimism that a debt default will be avoided after lawmakers agreed a tentative deal over the weekend.
London stocks were still in the red by midday on Tuesday amid continued uncertainty over whether a US debt default will be averted, and as data showed that shop price inflation in the UK edged higher in May.
RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
Asia-Pacific equity markets delivered mixed results at the close of Tuesday's trading, as investors keenly followed the unfolding negotiations in the United States over the debt ceiling.
Hochschild Mining said on Tuesday that Ignacio Bustamante plans to step down as chief executive officer on 26 August to relocate to London and assume a new role at another company.
RBC Capital Markets downgraded shares of iconic bootmaker Dr Martens on Tuesday to ‘sector perform’ from ‘outperform’ and slashed the price target to 180p from 230p as it said FY24 guidance may prove too optimistic.
London stocks fell in early trade on Tuesday amid continued uncertainty over whether a US debt default will be averted, and as data showed that shop price inflation edged higher in May.
More prospective house sellers are returning to the UK’s property market, pushing agreed home sales to their highest point of the year in May, according to Zoopla, although it warned that the rebound in activity could be knocked by rising mortgage rates. House prices have fallen by 1. 3% nationally over the past six months, the property website found, but the speed of price falls has been decreasing as buyer confidence slowly improves. – Guardian.
