Headline News
Asia Dragon shares surge on Ashoka merger proposal
Shares in the Abrdn-run Asia Dragon Trust spiked on Tuesday after the £35m Ashoka Whiteoak Emerging Markets made a merger approach for its much larger rival.
First-quarter losses surge at Spirit AeroSystems
Losses at Spirit AeroSystems Holdings soared in the first quarter, the Boeing supplier confirmed on Tuesday, as production slowed and inventory built up.
Disney's streaming arm posts maiden profit
The Walt Disney Company’s entertainment streaming arm swung to profit in the last quarter, the US giant confirmed on Tuesday, the first time since the 2019 launch of Disney+.
BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and “significantly weaker” fuels margins as it also started a $1. 75bn share buyback.
Eurozone retail sales push higher
Eurozone retail sales pushed higher in March, official data showed on Tuesday, beating expectations.
Octopus Energy valuation tops £7bn - report
Octopus Energy has been valued at more than £7bn, it was reported on Tuesday, after two investors upped their stakes in the UK supplier.
Eurozone construction sector struggles as new orders fall
The eurozone construction sector remains in decline at the start of the second quarter of the year after a sharp fall in new orders, with Germany, Italy and France the major contributors, a survey published on Tuesday revealed.
Zalando returns to growth, shares spark
Zalando reiterated its full-year outlook on Tuesday after the German online-only retailer posted an uptick in first-quarter volumes and swung back into the back.
UBS reports first profit since Credit Suisse takeover
Swiss banking giant UBS announced its first quarterly profit since its takeover of Credit Suisse on Tuesday, sending its shares northward.
UK construction sector expands at fastest pace in more than a year
The UK construction sector expanded in April at its fastest pace in more than a year, according to a survey released on Tuesday.
First-quarter income slides at Saudi Aramco
Oil giant Saudi Aramco has reiterated plans to pay out more than $120bn in dividends this year, despite a slide in first-quarter income.
Ferrexpo reports rise in volumes amid Ukraine legal case
Ferrexpo reported a notable rise in production and sales volumes for the first quarter at its Ukraine subsidiary, Ferrexpo Poltava Mining (FPM), on Tuesday.
House prices return to growth in April - Halifax
UK house prices returned to growth in April, with the housing market "finding its feet in an era of higher interest rates", according to data released on Tuesday by Halifax.
RBA leaves rates unchanged despite slow inflation fall
Australia's central bank left interest rates unchanged on Tuesday despite a slower-than-expected fall in inflation.
UK April retail sales hit by wet weather, early Easter - BRC
UK total retail sales fell 4% year on year in the April as wet spring weather deterred shoppers, despite businesses offering hefty discounts in an attempt to entice customers into stores, according to a survey published on Tuesday.