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Uniphar ends first half in line with expectations
Healthcare services company Uniphar said in an update on Tuesday that it performed in line with its expectations in the first half, at both a gross profit and EBITDA level, while delivering normalised free cash flow conversion in line with medium-term guidance.
US open: Stocks lower amid earnings onslaught
Wall Street stocks were in the red early on Tuesday as market participants thumbed over a hefty slab of corporate earnings at the bell.
McDonald's posts earnings beat despite Russia exit impact
McDonald’s beat estimates with its second-quarter earnings on Tuesday, boosted by increased prices and a focus on value items, though its net sales fell short thanks to Russia’s ongoing invasion of Ukraine.
Annual US house price growth dips in May, FHFA says
The cost of a house in the US rose a tad less quickly than expected in May.
Deutsche Bank slightly raises target price on Ryanair
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.
Watchdog orders Monzo to comply with banking rules
The Competition and Markets Authority has ordered digital bank Monzo to review the way it informs departing customers of their historic financial transactions.
Coca-Cola lifts full-year revenue guidance
Coca-Cola lifted its full-year revenue guidance on Tuesday as it posted a rise in second-quarter revenues.
3M cuts FY guidance, plans to spin off healthcare business
Industrial giant 3M posted second-quarter earnings and revenue that beat expectations on the Street on Tuesday but cut full-year sales growth and adjusted earnings forecasts and revealed it was looking to spin off its healthcare business.
Supply chain issues dent Q2 profits at General Motors
General Motors reported a decline in second-quarter profits on Tuesday as the car maker was hit by supply chain disruptions, particularly in June.
EU agrees gas rationing plans, but with exemptions
European Union members agreed to reduce their gas consumption on Tuesday in the face of increased gas rationing by Russia, albeit in a more watered-down fashion than that first proposed.
US pre-open: Futures in the red ahead of more Q2 earnings
Wall Street futures were in the red ahead of the bell on Tuesday as market participants readied themselves for another busy day on the earnings front.
Europe midday: Shares struggle for direction ahead of big US earnings
European stocks were struggling to move the needle on Tuesday with a fall in UBS shares tempering sentiment and offsetting a rise in commodity stocks.
London midday: FTSE stays up as Compass, Unilever gain
London stocks were still in the black by midday on Tuesday, bucking the broader trend as well-received updates from the likes of Compass and Unilever helped to underpin the mood.
Europe open: Shares flat as UBS disappoints
European stocks were flat at the open on Tuesday with a fall in UBS shares tempering sentiment and offsetting a rise in commodity stocks.
Retail sales continue to fall in July - CBI
Retail sales continued to fall in the year to July, albeit it at a more modest pace, as the cost-of-living crisis continues to take its toll, according to a survey released on Tuesday by the Confederation of British Industry.
Daily Mirror publisher Reach posts drop in H1 profits amid cost pressures
Reach tumbled on Tuesday after the newspaper and magazine publisher posted a drop in first-half profits and revenues amid cost pressures and warned that digital growth would remain "subdued".
Asia report: Most markets rise as Korean GDP tops forecasts
Most stock indices were in positive territory at the end of Tuesday in Asia, as South Korea’s latest economic growth data beat expectations.
UBS falls short in 'uncertain' second quarter
UBS reported a disappointing second quarter on Tuesday, with a souring economic outlook hurting its wealth management and investment banking and resulting in earnings coming in short of expectations.
Berenberg lowers target price on Dunelm, says group's 'resilience' underappreciated
Analysts at Berenberg lowered their target price on retailer Dunelm from 1,200. 0p to 1,130. 0p on Tuesday but said the group's "resilience" remained underappreciated.
Fed jitters keep Bitcoin price weak but $20.000 holds ahead of key rates decision
Bitcoin prices are going to be very jittery this week as the US Federal Reserve (Fed) will announce its monetary policy decision. The digital currency par excellence is trading on the edge of $22,000, far from its high of last week above $24,000, while Ethereum is holding around $1,500. Total capitalization gives up $1 million after Monday's bearish close at one-week lows.