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Berenberg raises target price on HSBC following Q2 earnings
Analysts at Berenberg raised their target price on lender HSBC from 560. 0p to 625. 0p on Tuesday, stating the group's recent second-quarter earnings saw the company deliver "a clean enough sweep".
Europe midday: US-China tensions dampen sentiment
European shares were down on Tuesday as fears of an economic slowdown and rising geopolitical tensions between the US and China dampened sentiment.
US pre-open: Futures point to losses amid US-China tensions
Wall Street futures were in the red prior to the open on Tuesday amid heightened tensions between the US and China ahead of House Speaker Nancy Pelosi's expected visit to Taiwan.
Jadestone Energy to buy back up to $25m of shares
Asia-Pacific-focussed oil and gas company Jadestone Energy launched a share buyback programme of up to $25m on Tuesday, as part of its strategy to return up to $100m to shareholders over 12 months.
Gamma Communications flags strong first half
Communications-as-a-service provider Gamma Communications said in an update on Tuesday that it performed “well” through its first half, with “”strong year-on-year adjusted EBITDA growth.
Asia report: Stocks mostly weaker on Taiwan tensions, RBA hikes rates
Stock markets were mostly lower at the close in Asia on Tuesday, with Hong Kong leading the losses as geopolitical tensions tightened over the looming visit of US House Speaker Nancy Pelosi to Taiwan.
London midday: Stocks edge lower amid China-US tensions; BP in the black
London stocks were a little lower by midday on Tuesday amid tensions between the US and China, but BP was a bright spot after well-received second-quarter results.
Purplebricks shares slump as agency swings to loss after marketing failures
Shares in UK online real estate agency Purplebricks slumped on Tuesday after the company revealed a full-year loss as it struggled to execute a new operating model and also had to set aside cash to cover problems at its lettings division.
Genel Energy profits grow amid oil price surge
Genel Energy posted a rise in first-half profits and revenue on Tuesday as oil prices surged.
Revolution Beauty warns of 'small' H1 loss, delays FY reporting date
Cosmetics group Revolution Beauty has delayed the publication of its full-year results, stating additional time was required to complete its audit, and warned that it now expects to deliver "low single digit revenue growth" and a "small" adjusted underlying loss for the first half of its current trading year.
Rotork reports 'strong momentum' as revenue, earnings decline
Industrial flow control specialist Rotork reported a 14% improvement in adjusted order intake year-on-year for its first half on Tuesday, to £340. 1m, although its revenue and earnings narrowed.
Man Group confident as assets under management shrink
Man Group reported assets under management of $142. 3bn at the end of its first half on Tuesday, down from $148. 6bn at the end of December.
Capco total equity stable as it awaits Shaftesbury merger clearance
Capital & Counties reported total equity of £1. 8bn at the end of its first half on Tuesday, remaining stable compared to the end of 2021, as it awaited regulatory approval of its proposed merger with Shaftesbury.
BA suspends short haul sales from Heathrow
British Airways been forced to suspend ticket sales on short-haul flights from Heathrow until August 8 in response to the London airport’s decision to cap capacity amid continuing disruption and cancellations.
AG Barr LFL revenues rise in H1
Drinks maker AG Barr said on Tuesday that interim revenues were expected to be approximately £157. 0m, representing 19% like-for-like growth in revenues and a 16% rise on a reported revenue basis.
House prices grow at slowest monthly pace in a year - Nationwide
UK house prices rose in July at the slowest monthly rate in a year as rising inflation and interest rates take their toll, according to the latest survey from Nationwide.
S4 Capital taps Colin Day and Chris Martin for board
Digital advertising group S4 Capital appointed Colin Day to the role of chairman of its audit and risk committee and also named MightyHive co-founder Chris Martin as its new chief operating officer.
IP Group portfolio company completes series A funding round
Intellectual property investor IP Group said on Tuesday that portfolio company Hysata had completed an oversubscribed series A funding round to develop a pilot manufacturing facility.
Coats hails strong first half, looks to 'more normalised' trading
Industrial thread maker Coats reported group sales growth of 19% on a constant exchange rate basis in its first half on Tuesday, or 14% on a reported basis, to reach $801m in revenue.
Virgin Money UK delivers 'strong profitability' in Q3
Clydesdale Bank parent company Virgin Money UK said on Tuesday that it had delivered "strong profitability" in its third quarter, leaving the group with a "robust" balance sheet as it commenced its inaugural buyback.