Full List Of Stories
Hugo Boss reaffirms 2024 guidance, Asia challenges linger
Hugo Boss reaffirmed its full-year guidance for 2024 after reporting modest revenue growth in the third quarter, with a 1% increase year-to-date, although challenges in the luxury market meant it was unlikely to meet its 2025 targets.
Nintendo lowers forecasts amid diminishing Switch sales
Nintendo lowered its profit and sales forecasts for the year ending next March on Tuesday, reflecting diminishing demand for its seven-year-old Switch console.
London close: Stocks turn negative as Americans head to the polls
London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Vestas Wind Systems shares tumble on Q3 profit miss
Shares in Vestas Wind Systems were tumbling on Tuesday, after it reported third-quarter revenue of €5. 2bn, up 18. 9% increase year-on-year, with a core operating profit of €235m, far short of the expected €352m.
Boeing workers agree pay deal, end strike
Boeing’s workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contributions.
Asia report: Markets mixed as investors eye US election
Asia-Pacific markets closed in a mixed state on Tuesday as investors cautiously navigated global uncertainties surrounding the US presidential election and a potential interest rate decision by the Federal Reserve later in the week.
Balfour Beatty secures Texas highway upgrade contract
Balfour Beatty announced on Tuesday that it has secured a $746m (£575m) contract from the Texas Department of Transportation to rebuild a section of Interstate 35 through Austin.
IWG revenue growth underpinned by managed and franchised segment
International Workplace Group reported a 2% year-on-year revenue increase on a constant currency basis for the third quarter on Tuesday, alongside robust expansion in its managed and franchised segment, which achieved a 19% revenue rise.
TI Fluid Systems revenue falls in third quarter
TI Fluid Systems reported a 2. 9% decline in revenue at constant currency for the first nine months of the year on Tuesday, citing reduced market volumes and economic headwinds in the third quarter, which alone saw a revenue drop of 5. 9%.
RBA holds rates as inflationary pressures persist
The Reserve Bank of Australia (RBA) held its cash rate steady at 4. 35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battle persistently high inflation.
Smiths News beats full-year market expectations
Smiths News announced a strong set of full year results on Tuedsay, surpassing market expectations.
Morgan Advanced Materials lowers outlook, launches £40m buyback
Morgan Advanced Materials reported a 3. 8% rise in organic sales for the first nine months of 2024 on Tuesday, driven primarily by strong demand in its performance carbon segment, which saw a 12. 6% increase.
CMA says Vodafone-Three merger could proceed with remedies
The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented significant network investments and customer safeguards.
Schroders Q3 outflows reach £2.3bn despite record AuM
Schroders reported a record high in assets under management on Tuesday, reaching £777. 4bn as of 30 September, although large third-quarter outflows took the shine off the news.
Weir reaffirms guidance after strong third quarter
Weir Group reaffirmed its full-year guidance after reporting a robust third-quarter performance on Tuesday, citing increased demand in both greenfield and brownfield mining projects.
Weir reports rise in equipment orders, Schroders AuM hits record high
London open The FTSE 100 is expected to open 12 points lower on Tuesday, having closed up 0. 09% on Monday at 8,184. 24.