Headline News
Ocado shares surge on guidance upgrade, narrow losses
Shares in Ocado surged on Tuesday after the online grocer and technology company reported narrower interim losses and lifted full-year guidance as revenue grew across all its divisions.
Apax Global Alpha books EUR 31m return from Baltic Classifieds sell-down
Apax Global Alpha (AGA), a limited partner in the Apax IX Fund, announced on Tuesday that Apax IX has sold its remaining shares in Baltic Classifieds Group (BCG).
Bank of America reports 'strong quarter' driven by noninterest income
Bank of America announced net income of $6. 9bn for the second quarter on Tuesday, translating to earnings per share of 83 cents.
Euros see supermarket sales grow despite poor weather
Take-home sales at supermarkets rose by 2. 2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
German economic outlook deteriorates for first time in a year - ZEW
The economic outlook in Germany deteriorated in July for the first time in a year, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Trustpilot slumps after Vitruvian sells 12.5m shares in placing
Trustpilot tumbled on Tuesday after Vitruvian Partners sold 12. 5m shares in the company in a placing at 220p each.
Ofwat expands sewage probe to all wastewater companies in England and Wales
Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
B&M confident after first-quarter growth
Variety discount retailer B&M European Value Retail reported a 2. 4% increase in group revenue for its first quarter on Tuesday.
Vanquis Banking to miss FY ROTE target
Vanquis Banking Group warned on Tuesday that it does not expect to meet its FY24 guidance of low single digit return on tangible equity due to additional write-downs.