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US pre-open: Futures edge lower ahead of Apple event, inflation data
US stocks were set to slip on Tuesday morning, retreating after a more positive start to the week, as investors showed caution ahead of a pivotal product event for Apple and key inflation data later this week.
London midday: Stocks extend gains as AB Foods rallies on update
London stocks had extended gains by midday on Tuesday, with Primark owner AB Foods on the rise after an upbeat trading statement, as investors mulled the latest UK jobs data.
Mattioli Woods hikes total dividend after year of growth
Wealth and asset management specialist Mattioli Woods reported a 2. 7% increase in total client assets in its final results on Tuesday, reaching £15. 3bn.
Hutchmed reports progress on two oncology fronts
Hutchmed China reported significant strides in oncology research on Tuesday, completing patient enrollment for a bridging study of tazemetostat, and announcing pivotal results for the phase 3b clinical trial of savolitinib.
German investor sentiment unexpectedly improves in September - ZEW
Investor sentiment in Germany unexpectedly improved in September, according to a survey released on Tuesday.
Keywords Studios warns of Hollywood strikes after strong first half
Video game creative and technical services provider Keywords Studios reported a 19. 4% increase in first-half group revenue on Tuesday, reaching €383. 5m thanks to a combination of robust organic growth and strategic acquisitions.
IQE swings to loss in first half
IQE said on Tuesday that it swung to a loss in the first half as the recovery in the semiconductor industry is taking longer than expected.
FRP Advisory buys Sheffield-based Wilson Field Group
FRP Advisory Group announced the acquisition of Sheffield-based Wilson Field Group on Tuesday, in a deal worth £4. 8m, with a payment structure consisting of £3. 1m in cash and new shares worth £1. 7m.
Alpha Group agrees acquisition of multibank platform Cobase
Alpha Group International announced its intention to acquire 85% of Financial Transaction Services on Tuesday, which trades as the multibank connectivity platform Cobase.
Smart Metering Systems pleased with first half operations
Smart Metering Systems reported a robust performance for its first half on Tuesday, with its index-linked annual recurring revenue (ILARR) standing at £110m on 30 June 2023, making for a 13% rise from 31 December, and 18% from the same point last year.
JTC looking ahead ambitiously after strong first half
JTC reported a solid interim financial performance on Tuesday, recording 30. 6% growth in revenue to £121. 5m.
Metro Bank hits bump in quest for AIRB approval
Metro Bank updated the market on its capital planning on Tuesday, reporting that its application for the Advanced Internal Ratings-Based (AIRB) system in relation to residential mortgages had hit a bump.
Fevertree cites elevated glass costs as H1 profits drop; cuts outlook
Tonic maker Fevertree Drinks cut its full-year outlook on Tuesday as it reported a fall in first-half profits, with margins dented by "materially elevated" glass costs.
EKF Diagnostics cuts guidance after installation delays
Shares in EKF Diagnostics fell on Tuesday morning after the medical diagnostic products manufacturer warned that increasing its fermentation capacity is taking longer than planned, and will result in a slower-than-expected acceleration in revenue growth over the medium term.
Asia report: Stocks mixed after overnight US tech rally
Asia-Pacific markets turned in a varied performance on Tuesday, in the wake of a significant tech rally on Wall Street.
Cryptos fall again; FTX puts Bitcoin's $25,000 in jeopardy
There´s been a notable drop in the cryptocurrency market. Bitcoin (BTC) falls slightly after experiencing high volatility and stands at $25,800, while Ethereum (ETH) drops around 2% in the last 24 hours and trades below $1,600. Overall, the market has retreated almost 1% in market capitalization over the past day.
Melrose confident it can weather GTF engine fleet issues
Melrose Industries offered clarification on Tuesday, over a recent update from RTX on the Pratt & Whitney GTF fleet.
UK grocery inflation slows, Aldi and Lidl take more market share
Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.
London open: Stocks edge up as investors mull UK jobs data
London stocks edged up in early trade on Tuesday following a solid session on Wall Street, as investors mulled the latest UK jobs data.
Europe open: Shares make cautious start; Smurfit Kappa slumps
European shares opened cautiously higher on Tuesday as investors digested UK jobs data and were cheered by an easing of property worries in China as troubled developed Country Garden won some breathing space on bond payments.