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Rolls Royce taps Tufan Erginbilgic for CEO
Aero-engine manufacturer Rolls-Royce has appointed former BP executive Tufan Erginbilgic to the role of chief executive officer.
Grocery inflation sees shop prices rise even further
Strictly Embargoed until 00. 01 hrs – Wednesday, 27th July 2022 Shop prices rose even higher in July, according to fresh industry data released on Wednesday, as rampant inflation caused the cost-of-living crisis to bite harder.
Europe close: Stocks fall back as natural gas futures leap
European stocks fell back on Tuesday as natural gas futures leaped higher on the back of Russia's announcement the day before of a further cut to its gas supplies to Germany, claiming maintenance issues.
London close: Stocks follow Wall Street weaker in late trading
London’s main indices followed their Wall Street counterparts into the red by the close on Tuesday, having risen earlier after well-received updates from the likes of Compass and Unilever.
Wednesday preview: US FOMC, British American Tobacco in the spotlight
All eyes on Wednesday will be on the results of the US Federal Open Market Committee's two-day meeting.
IMF lowers global GDP forecasts, says risks 'overwhelmingly' tilted to downside
The world's watchdog for financial stability lowered its projection's for global economic growth in 2022 due to tighter central bank policies, Covid-19 lockdowns and the real estate crisis in China, and the war in Ukraine.
Greencore revenues up on food-to-go demand
Food group Greencore on Tuesday reported a rise in third-quarter revenues driven by its food to go and other convenience categories.
Director dealings: Sabre chair, CEO invest after trading update
Sabre Insurance had two entries on the list of director buys on Tuesday, after both its CEO and chair invested in its shares.
Ergomed posts strong growth after Adamas acquisition
Pharmaceutical service provider Ergomed reported total first-half revenue growth of 24. 8% year-on-year in a trading update on Tuesday, to £69. 9m.
US new home sales drop sharply in June
New home sales dropped sharply and by more than expected last month alongside a downwards revision to the prior month's data.
Johnson Service Group continues post-Covid recovery
Textile service provider Johnson Service Group said in an update on Tuesday that revenue in the six months ended 30 June rose to £176. 2m, from £99. 6m a year earlier.
FTSE 250 movers: Future falls; Bridgepoint gains on results
London’s FTSE 250 was down 1% at 19,610. 28 in afternoon trade on Tuesday.
Tremor International to acquire Amobee for $239m
Video, data and connected television advertising technology company Tremor International has agreed to acquire Amobee for $239m, it announced on Tuesday, subject to adjustments.
US consumer confidence continues to point to 'recession risks', Conference Board says
US consumer confidence slipped more or less as expected amid concerns about inflation and continued to point to ongoing recession risks, the results of a closely-followed survey showed.
GP acquisition sees revenue, earnings surge at Learning Technologies
Digital learning and talent management company Learning Technologies described a “strong performance” in a half-year update on Tuesday, saying it expected revenues to rise to at least £280m, from £82. 6m a year earlier.
THG, SoftBank call off investment deal
THG was under the cosh on Tuesday after the ecommerce group said that it and SoftBank have called off a long-standing agreement for the Japanese conglomerate to buy a stake in the company for £1. 1bn.
FTSE 100 movers: Kingfisher dented by Wickes update; Unilever rallies
London’s FTSE 100 was down 0. 1% at 7,302. 08 in afternoon trade on Tuesday.
Dotdigital profits set to exceed full-year expectations
Marketing automation and customer engagement software company Dotdigital said in an update on Tuesday that revenue for the year just ended was at the top end of the range it gave at half-year, and in line with market expectations, growing 8% to £62. 8m.
Broker tips: Ryanair, Dunelm
Analysts at Deutsche Bank slightly raised their target price on low-cost carrier Ryanair from €15. 3o to €15. 50 per share on Tuesday following the group's first-quarter results.
Enlarged Craneware reports surge in full-year revenue
Healthcare technology company Craneware said in a trading update on Tuesday that group headline revenues were ahead 119% year-on-year for the financial year just ended, to $165. 5m.