Headline News
US wholesale inflation rises more than forecast
US producers prices rebounded more than expected in April after a downwardly revised fall the previous month, with the annual rate of inflation rising to its highest level in a year.
Klarna edges closer to $20bn float - report
Buy now pay later firm Klarna has reportedly cleared a crucial hurdle on its journey towards a stock market flotation expected to value it at as much as $20bn (£15. 9bn).
OPEC holds production forecasts, plans to use OPEC+ outlook
OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.
Lobby group CBI to cut more jobs
The Confederation of British Industry is to further reduce its workforce, it was reported on Tuesday, as it continues to recover from last year’s sexual misconduct scandal.
Home Depot Q1 revenue beats forecasts, comparable sales miss
Home Depot reported a slight dip in first-quarter comparable sales on Tuesday, although its earnings per share of $3. 63 slightly surpassed analysts' expectations of $3. 60.
Investor morale hits two-year high in Germany
German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high.
Treatt strikes upbeat tone for full year
Extracts and ingredients specialist Treatt confirmed full-year guidance on Tuesday, after interim operating profits jumped.
Delivery Hero shares surge as Uber buys Taiwan business for $950m
Shares in Delivery Hero surged by more than 20% after it agreed to sell its Foodpanda delivery business in Taiwan to ride-hailing giant Uber for $950m.
Unemployment edges higher as job market cools - ONS
Unemployment nudged higher in March, official data showed on Tuesday, in line with expectations, despite wages continuing to grow.
Currys lifts full-year profit expectations
Electricals retailer Currys lifted its full-year profit expectations on Tuesday as it hailed a return to like-for-like sales growth.
Flutter confident despite wider quarterly net loss
Flutter reported a net loss of $177m in its first quarter on Tuesday - a $66m increase year-on-year, which it attributed to non-cash charges of $356m.
Vodafone FY cash flow better than expected after strong Q4
Troubled telecoms giant Vodafone posted slightly better annual results than forecast, driven by a strong final quarter, as it continued to offload businesses and move towards its tie-up with rival operator Three.
Annual profits spark at DCC
Ireland’s DCC reported a jump in annual profits on Tuesday, on the back of strong trading in its core energy division.
Greggs holds guidance as sales make strong start
UK bakery chain Greggs maintained full year earnings forecasts as underlying sales grew 7. 4% in the first 19 weeks of this year in what it called a “challenging market”.