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Bunzl lifts operating margin outlook as H1 profits rise
Distribution and services group Bunzl lifted its full-year margin outlook on Tuesday as it posted a jump in first-half profit and revenue, with product cost inflation and volume growth more than offsetting an expected decline in Covid-related sales.
Europe midday: Stocks extend early gains
Stocks were holding higher on the last session of the month, more than recouping the previous day's losses, despite the release of two worse-than-expected economic data points.
US pre-open: Stocks to rise ahead of consumer confidence, home price data
US stocks looked set for a positive open on Tuesday following losses in the previous session, as investors looked ahead to the latest readings on consumer confidence and home prices.
London midday: Stocks up but off highs as sterling hit by Powell comments
London stocks were off earlier highs but still in the black by midday on Tuesday, underpinned by a weaker pound, as traders returned to their desks after the bank holiday.
ShoreCap stays at 'buy' on Bunzl, says prospects look assured
Analysts at ShoreCap stood by their 'buy' recommendation on shares of Bunzl, pointing out the company's revised guidance for margins.
Households continue to draw on savings in July, but recession still on its way
Consumers in the UK continued to save less and borrow more last month in a bid to maintain their lifestyles, but absent "massive" government support, that might not be the case for much longer.
Director dealings: Conduit CEO adds 25,000 shares to his holding
Reinsurance specialist Conduit Holdings was in focus on Tuesday, after its chief executive officer bought 25,000 shares across five transactions.
Asia report: Markets mixed after big losses on Monday
Stocks closed in a mixed state in Asia on Tuesday, following some serious losses on Monday after US Fed chair Jerome Powell sounded a hawkish tone at the Jackson Hole symposium last week.
Morgan Stanley orders laywer to supervise traders - report
Morgan Stanley has reportedly ordered an internal lawyer to shadow the unit entangled in a federal investigation into block trading, underscoring the gravity of the probe.
Asda planning £450m swoop for Co-op’s petrol forecourt business
Asda is reportedly preparing a £450m swoop on the Co-op Group’s petrol forecourt business.
Braemar Shipping posts 'strong' FY result, guides higher for FY 2023
Braemar Shipping turned in a "strong" full-year performance, analysts in the City said, and guided towards an outturn for the current financial year "well ahead" of its board's previous expectations.
UK economy to enter recession in Q4, says Goldman Sachs
The UK economy will slip into recession at the end of this year amid surging inflation, according to Goldman Sachs.
Europe open: Stocks bounce back at month's end
Stocks have started the last session of the month on the front foot, more than recouping the previous day's losses.
Joules insists 'positive' talks with Next continue
Joules said on Tuesday that it remains in "positive" discussions with Next about adopting its Total Platform services to support its long-term growth plans and a potential equity investment.
Trading in Revolution Beauty shares to be suspended as it fails to complete audit
AIM-listed Revolution Beauty has confirmed that its shares will be suspended from trading with effect from Thursday after it failed to complete its audit for the year to 28 February.
London open: FTSE gains as sterling slumps after hawkish Powell speech
London stocks rose in early trade on Tuesday, helped along by a weaker pound, as traders returned to their desks after the bank holiday.
BAE Systems in 'final phase' of talks over multi-billion-pound deal - report
Defence firm BAE Systems is reportedly in the 'final phase' of talks over a multi-billion-pound deal for five new submarine-hunting ships.
Dechra Pharmaceuticals buys California-based Med-Pharmex for $260m
Dechra Pharmaceuticals said on Tuesday that it has bought California-based veterinary pharmaceutical manufacturer Med-Pharmex for $260m (£221. 5m).
Energy Capital Partners granted extension of PUSU deadline for Biffa bid
Energy Capital Partners has been granted an extension to the deadline for tabling a firm offer for integrated waste management Biffa.
London pre-open: Stocks seen lower after weak US, European sessions
London stocks were set to fall at the open on Tuesday following losses a day earlier in the US and Europe, as traders returned to their desks after the bank holiday.