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Europe midday: Markets subdued after sell-off as data comes in mixed
European stocks were swinging between gains and losses on Tuesday morning as investor sentiment remains dampened by Monday's sell-off due to economic concerns in the US and the unwinding of yen carry trades.
Petra Diamonds postpones first tender of new financial year
Petra Diamonds announced the postponement of its first tender for the 2025 financial year on Tuesday, originally scheduled for August and September.
London midday: FTSE pares opening gains; UK construction data in focus
London stocks had pared gains by midday on Tuesday as the relief rally lost steam following a heavy selloff a day earlier which saw global markets plunge.
Monte dei Paschi upgrades profit outlook and payout ratio
Shares in Monte dei Paschi rose strongly on Tuesday after the Italian bank upgraded its payout ratio following a strong second quarter, and signalled it was close to selling its French arm MP Banque.
XP Power interim profits more than halve in 'challenging' trading environment
Critical power control solutions developer XP Power said on Tuesday that both revenue and profits had declined in the six months ended 30 June as a result of a "challenging" trading environment.
Asia report: Japan rebound leads regional gains
Markets across the Asia-Pacific region showed mixed performances on Tuesday, with Japan leading the charge after a historic rebound in its stock market.
Berenberg cuts target price on YouGov following FY24 update
Analysts at Berenberg slashed their target price on market research and analytics firm YouGov from 1,200. 0p to 810. 0p on Tuesday morning following the group's FY24 trading update.
Eurozone construction downturn worsens further in July due to housing
An already deep downturn in euro area construction intensified slightly more last month, the results of a survey revealed.
IWG reports record first-half revenue
International Workplace Group reported record first-half financial results on Tuesday, driven by a strategic network expansion across its brands including Regus and Spaces.
Saudi Aramco to return $124bn to shareholders in FY24
State-owned petroleum and natural gas company Saudi Aramco will return more than $120. 0bn to shareholders in FY24 following a "market-leading performance" during H1.
JPMorgan hikes price target on Rolls-Royce
Rolls-Royce rallied on Tuesday as JPMorgan Cazenove hiked its price target on the stock to 535p from 475p "after another set of strong results".
Renewi reports 3pc rise in quarterly revenue, earnings
Waste-to-product specialist Renewi reported a 3% year-on-year increase in revenue to €434. 4m for its first quarter on Tuesday, driven by higher core volumes and input prices across its commercial waste and specialities divisions.
Euro area retail sales dip a tad more than expected in June
Retail sales inside the single currency bloc slipped by a tad more than expected in June.
Europe open: Stocks rebound from six-month low, Monte dei Paschi jumps
European stock markets rose slightly on Tuesday morning after a global sell-off the previous session saw the Stoxx 600 drop to a six-month low due to economic concerns in the US and the unwinding of yen carry trades.
Rotork delivers 'strong' H1 performance, reiterates FY guidance
Industrial flow control equipment manufacturer Rotork said on Tuesday that it had delivered a "strong H1 performance" as it reiterated its FY24 guidance.
Ceres Power inks licensing deal with Japan's Denso
Ceres Power licensed Denso Corp. to manufacture its solid oxide electrolyser cells for making green hydrogen fuel.
UK construction sector grows at fastest pace since May 2022
Activity in the UK construction sector grew in July at the fastest pace in 26 months, according to a survey released on Tuesday.
YouGov nudges up guidance, acquires AI firm Yabble
Shares in research and data analytics firm YouGov surged on Tuesday after the company upgraded its full-year guidance and announced the acquisition of research-focused AI firm Yabble.
Keller sees full year 'materially ahead' of market views
Keller surged on Tuesday as it said its full-year performance was set to be "materially ahead" of current market expectations after a strong first half.
Pawnbroker Ramsdens lifts FY profit expectations
Pawnbroker Ramsdens lifted its full-year pre-tax profit expectations on Tuesday as it said good trading momentum had continued into the second half.