Latest News
London open: Stocks edge down after jobs data, ahead of US inflation
London stocks edged lower in early trade on Tuesday as investors mulled UK jobs data and eyed the latest US inflation report.
Babcock backs FY expectations, reinstates dividend
Aerospace and defence firm Babcock backed its full-year expectations on Tuesday, as it reported a rise in first-half revenue and profit, and reinstated its dividend.
Vodafone maintains guidance as first-half earnings fall
Vodafone Group reported a 4. 2% increase in group service revenue in its first half on Tuesday, to €18. 62bn, or 2. 3% excluding Turkey, although overall revenue and profits fell.
Europe open: Gains limited ahead of US inflation data
European stocks edged higher on Tuesday morning, though gains were limited as nerves set in ahead of some key economic data, including a closely watched reading of US inflation.
Informa lifts full-year guidance, extends share buyback
Events organiser Informa lifted its full-year profit and revenue expectations on Tuesday as it hailed continuing strong growth across its portfolio.
Glencore buys $6.9bn stake in Teck's Elk Valley Resources
Mining and commodities giant Glencore is spending $6. 9bn to buy a 77% stake in Teck Resources' steelmaking coal business in Canada's Rocky Mountains, Elk Valley Resources (EVR).
UK wage growth eases but outstrips inflation
UK wage growth eased in the three months to September, but earnings growth outstripped inflation, while the unemployment rate was unchanged, according to figures released on Tuesday by the Office for National Statistics.
Imperial delivers flat revenues as volume declines hold back growth
Tobacco and vaping giant Imperial Brands announced that full-year revenues were flat as lower tobacco volumes were offset by strong growth in next-generation products (NGP).
London pre-open: Stocks seen down ahead of US inflation; UK jobs data in focus
London stocks were set to fall at the open on Tuesday as investors eyed the latest US inflation reading and mulled UK jobs data.
Vodafone operating profit slides, Imperial Brands revenue flat
London open The FTSE 100 is expected to open 14 points lower on Tuesday, having closed up 0. 89% on Monday at 7,425. 83.
Tuesday newspaper round-up: Avon, Google, OBR
Ministers have come under further pressure to expand the financial support for Britons struggling with the cost of living crisis, after a committee of MPs found some had “slipped through the safety net”. The cross-party work and pensions committee said that support payments designed to help people cope with soaring household bills had proved insufficient to meet the scale of the problem and offered only a “short-term reprieve” for many. – Guardian.