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Bunzl shares jump on upgraded outlook, share buyback launch
Bunzl shares were surging on Tuesday morning after it upgraded its full-year guidance and launched a share buyback programme, even after first-half revenue slipped 3. 3% to £5. 71bn.
German consumer sentiment to deteriorate in September - GfK
German consumer sentiment is expected to deteriorate sharply in September, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM).
BHP beats forecasts as underlying profits rise
Mining titan BHP reported a bigger-than-expected increase in full-year underlying profits, helped by record volumes of iron ore and higher copper output, but warned of an "uneven" recovery in China.
Bunzl revenue falls while profits improve, Ocado starts ops at Australia centres
London open The FTSE 100 is expected to open up 44 points on Tuesday, having closed down 0. 48% at 8,327. 78 ahead of the long weekend on Friday.
London pre-open: Stocks seen up after long weekend
London stocks were set to rise at the open on Tuesday as traders returned to their desks after the Bank Holiday weekend.
Ocado launches two new Coles fulfilment centres in Australia
Online grocer and food logistics group Ocado has announced that operations have finally started at two customer fulfilment centres in Australia a year later than planned, as part of its partnership with retail chain Coles.
Tuesday newspaper round-up: Barclays, Mike Lynch, IBM
Ministers have been urged to intervene to prevent businesses struggling with gas and electricity costs from going bust, as bills are forecast to be 70% higher next year than before the energy crisis. A typical small business such as a pub, restaurant or independent retailer is paying more than £5,000 extra a year on bills than before the energy crisis that began in 2021, research by the forecaster Cornwall Insight shared with the Guardian shows. – Guardian.
Shop prices fall for the first time since late 2021
Shop prices in the UK in August experienced deflation for the first time since October 2021, according to fresh data released on Tuesday, with a decrease of 0. 3%.
US close: Dow sets new record but markets finish mixed
US stocks finished in mixed fashion on Monday, but that didn't stop the Dow Jones Industrial Average setting a new all-time closing high as sentiment continues to be lifted by expectations of an imminent cut to interest rates.