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AB Dynamics reports solid first-half growth
Transport testing, simulation and measurement specialist AB Dynamics reported an 8% increase in first-half revenue on Tuesday, to £52. 3m.
RWS Holdings flags fall in first-half revenue
Language, content and intellectual property technology firm RWS Holdings reported a 2% decline in organic constant currency revenue in a first-half trading update on Tuesday, showing an improving trend compared to the prior year.
London open: Retail stocks continue to lift FTSE 100 to new heights
UK stocks rose to another record high on Tuesday morning, rising for the fifth straight day, helped by a falling pound and another strong performance from retail stocks.
Shoppers clamber for deals as grocery inflation slows further
UK households collectively saved £1. 3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
UK govt's tax cut plans hit as March borrowing comes in higher-than-expected
UK government borrowing overshot forecasts in March, producing a budget deficit that was £6. 6bn higher than expected, official data revealed on Tuesday, damaging plans for a pre-election tax cut by Finance Minister Jeremy Hunt.
German private sector returns to growth, April composite PMI shows
Germany's private sector beat expectations and showed a surprise return to growth in April, according to flash estimates from a widely-read survey on Tuesday.
Alphawave IP meets reduced guidance with 2023 results
Connectivity solutions group Alphawave IP has said that trading has got off to a good start in 2024 as it delivered full-year results in line with recently reduced guidance following a profit warning last week.
Citi remains ‘overweight’ UK banks; HSBC and Barclays ‘top picks’
Citi said on Tuesday that it remains ‘overweight’ UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.
Europe open: Shares power ahead as UK's FTSE 100 hits record
European shares opened higher on Tuesday, with Britain's FTSE 100 index hitting a record high.
Videndum revenue, earnings fall in challenging year for entertainment
Content creation hardware and software company Videndum reported a challenging 2023 on Tuesday, impacted by writer and actor strikes in the US and a difficult macroeconomic environment, and destocking.
Molten Ventures describes resilient full-year performance
Technology-focussed venture capital firm Molten Ventures reported a resilient portfolio performance in a full-year trading update on Tuesday, with the gross portfolio value (GPV) expected to reach £1. 377bn.
Copper production rises but diamond output falls at Anglo American
Anglo American reported relatively flat group production in the first quarter on Tuesday as rising copper production was offset by sliding diamond output.
THG hails ‘standout’ Beauty performance as Q1 revenues rise
THG posted a jump in first-quarter revenue on Tuesday as it hailed a "standout" performance in the beauty business.
Taylor Wimpey hails 'good start' to 2024 as market stabilises
UK housebuilder Taylor Wimpey said it has made a solid start to the year with the market continuing to stabilise, with good levels of visitors to selling sites.
London pre-open: Further gains expected after FTSE 100 closes at record high
UK stocks are expected to test new highs on Tuesday after surging to a new record the previous session, as a tumbling pound gave markets a big lift.
Anglo American revises diamond outlook down, JD Sports buying US retailer Hibbett
London open The FTSE 100 is expected to open 35 points higher on Tuesday, having closed up 1. 62% on Monday at 8,023. 87.
JD Sports buys US-based Hibbett for $1.08bn
JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1. 08bn (£878m).
Tuesday newspaper round-up: P&O Ferries, TikTok, CVC
P&O Ferries seafarers have been told they will benefit from new French legislation that could double their pay, in what appears to be a significant U-turn by the controversial ferry operator. The move comes more than two years after P&O enraged the UK and French governments by sacking 786 workers and then taking advantage of a legal loophole to hire replacements on pay rates of below the minimum wage. – Guardian.