Source: Sharecast
STOCKS TO WATCH
Construction firm Bellway said on Tuesday that trading has been "robust" through the spring selling season, with its forward order book increasing by 7.7% year-on-year and comprising 5,759 homes as of 1 June. Overall average selling prices were now anticipated to be around £315,000, up from £307,909 on 31 July.
Mike Ashley's Frasers Group said any bid for troubled cosmetics retailer Revolution Beauty would be all cash. "There can be no certainty that an offer will be made for Revolution Beauty nor as to the terms on which any offer might be made," the Sports Direct owner said on Tuesday, a day after it emerged the group was conducting due diligence on a potential purchase, sending shares in its target surging 10%.
NEWSPAPER ROUND-UP
The biggest nuclear programme in a generation will "get Britain off the fossil fuel rollercoaster", the energy secretary, Ed Miliband, has said, announcing £14.2bn to build a new nuclear power station and a drive to build small modular reactors. The multibillion-pound investment at Sizewell C on the Suffolk coast, which has been long expected, will create 10,000 jobs and power the equivalent of 6.0m homes. - Guardian
Lenders to Thames Water have said they will provide £5bn in funding to the struggling utility, in an emergency turnaround plan that has quickly raised concerns from the water regulator, Ofwat, over potentially inadequate losses for debt holders. The group of existing senior creditors to Thames Water, a band of more than 100 financial institutions, said their plan would inject £3.0bn of equity and another £2.25bn of debt. – Guardian
A green technology project pioneered by Ed Miliband faces collapse without an additional £4.0bn in funding, industry chiefs have warned. Olivia Powis, the chief executive of the Carbon Capture and Storage Association, said the fledgling technology must receive support from Rachel Reeves, the Chancellor, at her spending review on Wednesday despite having been recently awarded almost £22.0bn in public subsidies. – Telegraph
BBC bosses are holding talks about how to win over Reform-voting viewers amid fears their views are under-represented by the broadcaster. Senior executives including director-general Tim Davie and chairman Samir Shah have discussed plans to overhaul the BBC’s news and drama output to tackle “low-trust issues” among Reform voters. - Telegraph
Lex Greensill has told the High Court that there was a "code of silence" around a disputed transaction at the heart of a $440.0m legal battle. Credit Suisse is suing the Japanese technology investment group Softbank over losses linked to Greensill's finance firm, which collapsed in 2021 amid a financial and lobbying scandal. – The Times
US CLOSE
Major indices closed mostly higher on Monday as market participants awaited further details from US-China trade talks in London.
At the close, the Dow Jones Industrial Average was broadly flat at 42,761.76, while the S&P 500 advanced 0.09% to 6,005.88 and the Nasdaq Composite saw out the session 0.31% firmer at 19,591.24.
Reporting by Iain Gilbert at Sharecast.com