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Credit Suisse integration pushes UBS into the red
UBS Group posted a quarterly loss on Tuesday, after the cost of integrating Credit Suisse pushed it into the red.
Weakness persists across most European sectors in October
General demand weakness persisted across European sectors in October, with the latest S&P Global Europe sector purchasing managers’ index (PMI) data indicating sluggish growth.
IMF lifts Chinese GDP forecasts for 2023 and 2024
The International Monetary Fund has raised its growth outlook for the Chinese economy after recent resilient economic data.
London midday: Stocks flat after China data; housebuilders rally
London stocks were steady by midday on Tuesday as investors mulled uninspiring Chinese trade figures, the latest UK house price and retail sales data and a deluge of corporate news.
XP Power raises £43.9m in placing, rejects bid approaches
XP Power surged on Tuesday after it raised £43. 9m in a placing and said it had received "a small number" of unsolicited expressions of interest which it has rejected.
Falling prices, volumes sink Saudi Aramco Q3 profits by 23%
Saudi Aramco saw third-quarter profits sink by almost a quarter due to falling oil prices and lower volumes sold, though the mostly state-owned oil company did still beat analysts’ forecasts.
Galliford Try awarded £87m of more work in Brent Cross development
UK construction group Galliford Try has won an £87m contract to expand its work at a build-to-rent development in London’s Brent Cross.
China's exports slide as imports unexpectedly jump
China saw a steeper-than-expected fall in exports last month, trade data showed on Tuesday, while imports surprised to the upside.
Reserve Bank of Australia ups interest rates
Australia’s central bank lifted interest rates to a 12-year high on Tuesday, in response to persistent inflation.
Foxtons buys lettings agency Ludlow Thompson for £10m
London estate agent Foxtons said on Tuesday that it has bought lettings agency Ludlow Thompson for £10m in cash.
Asia report: Markets tumble on mixed trade data from China
Stock markets in the Asia-Pacific region experienced a day of declines on Tuesday, reacting to a mixed bag of trade data emerging from China.
Metro Bank daily flows returning to normal after capital injection
Metro Bank said in an update on Tuesday that its daily flows had returned to more normal ranges since it secured £325m in capital in early October.
Sirius sells German industrial park, buys London portfolio
Business and industrial property specialist Sirius Real Estate continued its asset recycling programme on Tuesday as it announced the disposal of an industrial park in Maintal, in Germany’s southwest Hesse region, for €40. 1m.
Hipgnosis appoints Robert Naylor as chairman
Music rights owner Hipgnosis said on Tuesday that it has appointed Robert Naylor as chairman of the board with immediate effect, replacing Andrew Sutch.
3i Infrastructure on track after robust first half
3i Infrastructure reported a robust performance in its first-half report on Tuesday, exceeding its target return of 8% to 10% per annum.
Frasers kicks off £80m share buyback
Retail company Frasers Group announced on Tuesday that it has initiated a non-discretionary share buyback programme with Barclays Bank’s investment bank division.
Watches of Switzerland revenues tick higher; growth plans outlined
Watches of Switzerland surged on Tuesday as it reiterated full-year guidance, posted a jump in second-quarter revenue and outlined plans to more than double sales and profits by FY28.
Naked Wines downgrades FY guidance, shares tank
Naked Wines downgraded its full-year guidance on Tuesday as it cited a weaker-than-expected performance in the US, sending shares in the online wine retailer tumbling.
Hilton Foods shares rise on in-line trading update
Hilton Foods shares were rising on Tuesday after the food producer said third-quarter revenues had increased, as strong operating momentum seen in the first half continued.
IWG upbeat as quarterly revenue rises
Workspace provider IWG reported a third-quarter system revenue of £830m on Tuesday, reflecting 8% year-on-year growth in constant currency terms.