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London open: Stocks fall as investors mull jobs data; Centamin surges
London stocks fell in early trade on Tuesday as investors mulled the latest UK jobs data.
Hill & Smith buys US structural steel components maker Whitlow for $30.2m
Hill & Smith said on Tuesday that it has bought Whitlow, a designer and manufacturer of structural steel and substation components for the US electrical infrastructure market, for $30. 2m (£23m).
Tillbrook to step down as Alpha Group CEO, chair Kahn to take over
Alpha Group International announced on Tuesday that Morgan Tillbrook would step down as chief executive officer and director on 31 December, with Clive Kahn, the company’s chairman since 2016, to succeed him as CEO from 1 January 2025.
Praxis withdraws from potential Capital & Regional takeover
Praxis Group announced on Tuesday that it would not proceed with its potential offer to acquire Capital & Regional.
German inflation dips below 2% for first time since 2021, final estimates confirm
German inflation was confirmed at 1. 9% in August, its lowest level in three and a half years, according to final estimates from Destatis on Tuesday.
Wickes interim profits drop but trends improving
Wickes posted a drop in interim profit on Tuesday as revenues fell, but backed its profit expectations for the year as it said trends were improving.
UK pay growth cools, unemployment rate falls to six-month low
UK pay growth cooled in the three months to July, while the unemployment rate fell to a six-month low, according to figures released on Tuesday by the Office for National Statistics.
Schroders finance chief to take over CEO role
Schroders announced the appointment of Richard Oldfield as its new group chief executive on Tuesday, effective from 8 November, pending regulatory approval.
London pre-open: Stocks seen lower as investors mull jobs data
London stocks were set to fall at the open on Tuesday following strong gains at the start of the week, as investors mulled the latest UK jobs data.
China's trade surplus widens as exports jump, imports slow
China's trade surplus rose last month as exports surged to their highest in almost two years, while imports barely changed, raising concerns over ongoing weak domestic demand.
Abrdn announces new chief executive, as does Schroders
London open The FTSE 100 is expected to open 39 points lower on Tuesday, having closed up 1. 09% on Monday at 8,270. 84.
Tuesday newspaper round-up: Water bills, iPhones, council tax, Audi factory
Rachel Reeves is being urged by a left-of-centre thinktank to announce changes to capital gains tax, inheritance tax and national insurance in next month’s budget that would raise more than £20bn a year for the Treasury. With the chancellor looking for ways to plug a £22bn hole that she has identified in the public finances, the Resolution Foundation said it was a time-honoured tradition that taxes were raised in the first budget after an election. – Guardian.
Abrdn appoints former CFO as new boss
Abrdn has appointed its former finance head Jason Windsor as its new official chief executive, after he emerged as the "unanimous choice" to lead the investment company following the exit of Stephen Bird in May.