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Informa boosted by Investec upgrade
Informa got a boost on Tuesday after Investec upgraded the stock to ‘buy’ from ‘hold’ as it integrated the accretive Penton acquisition and £715m rights issue.
Ladbrokes revenue grows for fourth successive quarter
FTSE 250 betting and gambling company Ladbrokes reported growth for a fourth successive quarter for revenue as it remains confident of delivering full year results in line with expectations.
Asos beats forecasts but investment plans lead to profit taking
In a strong finish to the year, online fashion retailer Asos reported a bigger full year profit than the market expected and announced it would accelerate its growth investment plans.
Netflix shares rise on back of promising earnings report
Despite growing fears over a slowdown in subscriber growth, Netflix posted impressive quarterly results on Monday evening aided by the company vastly surpassing its international subscriber addition expectations.
Hays Q1 net fee income rises but UK hit by Brexit vote
FTSE 250 recruiter Hays reported growth in net fee income for the first quarter as a strong performance in Asia Pacific and Continental Europe & Rest of world offset declines in the UK and Ireland market.
Marshall Motor reiterates FY outlook
Marshall Motor Holdings said on Tuesday that other than speculation surrounding the impact of Brexit and the automotive sector in particular, it knows no reason for the recent movement in the share price.
William Hill walks away from Amaya merger talks
William Hill has embarrassingly beaten a retreat from £4. 5bn merger talks initiated with Canadian online poker giant Amaya, following objections from its major shareholders.
Bellway FY profit and revenue grow amid solid demand
FTSE 250 housebuilder Bellway reported a rise in full-year profit as it lifted its dividend and said demand has remained solid despite the Brexit vote.
Evraz's third quarter production rises due to repairs at Russian mine
Steel, iron and coal explorer Evraz’s third quarter production increased following repairs at a blast furnace at its Russian mine but output of tubular products fell in North America.
Europe open: Stocks gain on positive Asian cues; Remy Cointreau rallies
European stocks rose in early trade, taking their cue from a positive session in Asia as investors sifted through corporate releases.
Ryanair downgrades FY profit forecast on sterling weakness
Budget airline Ryanair cut its forecasts for full-year 2017 on Tuesday, pointing to the weakening of the pound following Britain’s vote to leave the European Union.
London open: Stocks rise ahead of inflation data; Burberry bucks trend
Stocks in London rose in early trade, rebounding from the previous day’s losses as investors sifted through earnings ahead of some key inflation data.
Tesco resumes market share growth, Kantar and Nielsen find
Tesco grew its market share in the last three months for the first time in five years, according to one batch of data released on Tuesday, while a rival survey found the best year-on-year sales figures for over three years.
Vodafone partners with Iran's HiWeb to improve infrastructure
Vodafone has partnered with Iran’s HiWeb to provide telecoms infrastructure and internet of things services.
L&G appoints Sir John Kingman chairman
Legal & General has appointed mathematician Sir John Kingman, best known for his queuing theory, as chairman effective from 24 October.
Smiths Group establishes €2.5bn note programme
Smiths Group announced on Tuesday that it has established a €2. 5bn euro medium term note programme with its ten relationship banks as dealers.
FDA accepts review of AstraZeneca drug for hyperkalaemia
The US Food and Drug Administration has accepted a complete re-submission of a new drug application for sodium zirconium cyclosilicate (ZS-9), a potential new medicine for the treatment of hyperkalaemia by AstraZeneca’s subsidiary ZS Pharma.
London pre-open: Stocks set for rebound as attention turns to inflation data
Stocks in London were set for a firmer open on Tuesday in a rebound from the previous session’s losses, as investors turn their attention to UK inflation data.
Tuesday newspaper round-up: Bonds, Shell, bookmaker levy, farm boost
Investors dumped UK government bonds yesterday in one of the heaviest sell-offs since the Brexit vote as international demand for sterling assets declined rapidly. Overseas investors are becoming increasingly worried that inflation and a move by the Conservative government towards a “hard” Brexit will lead to a downgrade in the UK’s creditworthiness. The pound’s fall has also reduced expectations that the Bank of England will cut interest rates further this year.