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Charles Schwab's Q2 earnings in line, but new brokerage accounts disappoint
American financial services group Charles Schwab met analysts' estimates with its second-quarter revenues and profits on Tuesday while total client assets hit an all-time high, but shares were falling sharply in pre-market trade as the number of new brokerage accounts came up short.
Intermediate Capital Group posts higher-than-expected total Q1 AuM
Intermediate Capital Group raised more funds than expected at the start of its fiscal year amid "elevated" transaction activity.
Apax Global Alpha books EUR 31m return from Baltic Classifieds sell-down
Apax Global Alpha (AGA), a limited partner in the Apax IX Fund, announced on Tuesday that Apax IX has sold its remaining shares in Baltic Classifieds Group (BCG).
Sequoia Economic Infrastructure subsidiary gets California lender licence
Sequoia Economic Infrastructure Income Fund announced on Tuesday that its wholly-owned subsidiary, Sequoia IDF Holdings, has received a finance lender licence under the Californian Financing Law.
US pre-open: Futures in the green following Dow's record-setting session
Wall Street futures were pointing to a positive open ahead of the bell on Tuesday following a record-setting session for the Dow.
Europe midday: Shares fall on weak Germany EZ data; Scor tanks on warning
European shares were lower on Tuesday as investors digested dovish remarks from US Federal Reserve chair Jerome Powell on interest rates, while shares in Scor tanked by a quarter as the French reinsurer issued a profit warning at its life & health business.
Bank of America reports 'strong quarter' driven by noninterest income
Bank of America announced net income of $6. 9bn for the second quarter on Tuesday, translating to earnings per share of 83 cents.
Petra predicts "modest" diamond market recovery next year
South Africa-focused diamond miner Petra Diamonds saw shares rise on Tuesday after it reported that carats sold increased by more than a third in the year to 30 June, as it predicted a "modest recovery" in the diamond market in 2025.
Lee Powell to take the helm at Henry Boot Construction
Henry Boot announced on Tuesday that Lee Powell, currently the chief executive officer of GMI Construction, would assume the role of managing director of Henry Boot Construction next January.
London midday: FTSE stays down as Burberry, Rio Tinto slump
London stocks were still a little weaker by midday on Tuesday as investors continued to mull political developments in the US, with Burberry and Rio Tinto in the red.
Euros see supermarket sales grow despite poor weather
Take-home sales at supermarkets rose by 2. 2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
Brickability FY profits slump in 'challenging year'
Building materials group Brickability said on Tuesday that both revenue and profits had declined in the six months ended 31 March as it continued to navigate what it called "a challenging year".
Hugo Boss downgrades expectations amid China, UK weakness
Shares in German fashion house Hugo Boss were sliding on Tuesday morning, after the company downgraded its sales and earnings projections for the year amid diminished consumer demand, particularly in China and the UK.
German economic outlook deteriorates for first time in a year - ZEW
The economic outlook in Germany deteriorated in July for the first time in a year, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Asia report: Markets make modest gains after Powell speech
Markets in the Asia-Pacific region closed mostly higher on Tuesday as investors digested comments from US Federal Reserve chair Jerome Powell.
Eurozone trade surplus unexpectedly shrinks
The Eurozone's trade surplus unexpectedly shrank in May, falling to its lowest level in four months, according to figures released on Tuesday by Eurostat.
Sosandar delivers 'robust' FY24 performance
Clothing brand Sosandar said on Tuesday that it had delivered a "robust" FY24 performance, with a continued focus on margins, profitability and cash generation.
Trustpilot slumps after Vitruvian sells 12.5m shares in placing
Trustpilot tumbled on Tuesday after Vitruvian Partners sold 12. 5m shares in the company in a placing at 220p each.
Ofwat expands sewage probe to all wastewater companies in England and Wales
Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
McBride underwhelms with full-year profit guidance, shares drop
Shares in McBride dropped on Tuesday, pulling back after an impressive surge so far this year, as the cleaning goods manufacturer underwhelmed with annual profit guidance in a pre-close trading update.