3) ITV chairman under pressure from shareholders Sir Peter Bazalgette is facing an investor rebellion over his role in an obscure investment trust amid allegations that he and other directors presided over a corporate governance fiasco.
4) Wall Street raider threatens to blow up online fashion world Activist investor Dan Loeb has raised expectations of an upheaval in the online high-end fashion world, after it emerged he took a stake in Richemont, owner of loss-making retailer Yoox Net-a – Wear (YNAP).
5) ‘Cheap’ UK stocks offer historic buying opportunity, JP Morgan says UK stocks are at bargain prices following a series of significant underperformance according to the investment bank.
What happened during the night
AAsian stocks followed Wall Street higher in early trading on Tuesday, as the passage of a U.S. infrastructure bill boosted sentiment as oil prices rose on the outlook for energy demand in a growing global economy.
At the start of the Asian trading day, the MSCI’s largest Asia-Pacific stock index outside of Japan was up 0.3 percent.
The Japanese Nikkei stock index rose 0.06 pc while Australian stocks fell 0.12 pc.
China’s blue-chip CSI300 index was 0.33% higher at the start of trading. Hong Kong’s Hang Seng index opened 0.65 pc.
On Monday, Wall Street’s benchmark S&P 500 and the Nasdaq extended their streak of all-time closing highs to eight consecutive sessions, while the Dow blue chip hit its second consecutive closing record.
Business : Associated British foods (annual results); 3i Infrastructure, DCC, Land titles, Oxford Instruments (temporary); Direct Line, Persimmon, Watches of Switzerland, Grafton Group (commercial updates)
Economy: BRC Retail Sales (UK); economic sentiment (EU); producer price index (WE)