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IMF lifts global growth forecasts; Sees softer landing for major economies
The global economy is heading for a softer landing than first feared after the International Monetary Fund on Tuesday upgraded its growth forecast for the year.
FTSE 250 movers: Tyman rises on profit uplift; Bridgepoint slides
Windows and doors components maker Tyman on Tuesday said it expected full-year adjusted operating profit at top end of market expectations despite a fall in interim profits driven by a “significant” reduction in volumes.
Tyman sees FY results at top end despite profit fall
Windows and doors components maker Tyman on Tuesday said it expected full-year adjusted operating profit at top end of market expectations despite a fall in interim profits driven by a “significant” reduction in volumes.
Unilever H1 profits up 3.3%, sees price growth moderating
Consumer goods giant Unilever delivered a 3. 3% rise in interim earnings driven by higher prices and said it expected underlying price growth to moderate through the year.
3M lifts annual guidance despite quarterly loss
US industrial conglomerate 3M lifted annual profit guidance as higher prices and cost-cutting measures provided a boost.
General Motors lifts guidance after strong Q2
US vehicle maker General Motors said it was raising annual guidance for a second time this year after a sharp rise in second quarter earnings.
Virgin Media O2 to axe 2,000 jobs
Virgin Media O2 is to slash up to 2,000 jobs by the end of the year, the telecoms giant said on Tuesday.
Europe midday: Shares stay red as German survey dampens sentiment
European shares slipped into negative territory by midday on Tuesday as investors eyed a US Federal Reserve decision on rates later in the week and digested the latest deluge in corporate earnings, while a German survey showed further deterioration in business sentiment.
Europe open: Shares in subdued mood ahead of Fed decision; Idorsia slumps
European shares opened in subdued mood on Tuesday as investors eyed a US Federal Reserve decision on rates later in the week and digested the latest deluge in corporate earnings.
Reach profits fall as Facebook relegates news content
UK newspaper publisher Reach reported a 23. 5% fall in half-year operating profit as it was hit by Facebook’s decision to relegate news content.