Headline News
Elliott takes $5bn stake in Honeywell, urges split into two businesses
Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
DCC to focus on energy sector, shares surge
DCC surged on Tuesday as it announced plans to simplify its operations and focus on the energy sector, reported a rise interim profit and lifted its dividend.
Brookfield wins Tritax battle but will split portfolio with Segro
Canadian asset manager Brookfield has won the battle for warehouse owner Tritax EuroBox after Segro said it would not up its offer, but the rival bidders did strike a deal to split their target's portfolio in a €470m deal.
German economic sentiment deteriorates in November - ZEW
German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Shell wins appeal against Dutch ruling to cut emissions
Oil producer Shell has won its appeal in a Dutch court against a 2021 ruling to slash its global carbon emissions.
Bayer cuts earnings outlook, shares tumble
Bayer shares tumbled on Tuesday as it cut its full-year earnings guidance.
BAE holds guidance, sees growth from global tensions
UK arms maker BAE Systems held annual guidance adding that its order book reflected demand from governments for weaponry amid increasing global tensions.
Renewi reports 'tangible progress' in first half
Renewi reported a solid first-half performance on Tuesday, with revenue from continuing operations up 4% to €874. 5m, driven by strong pricing in its commercial waste division and significant growth in specialities.
4Imprint confident after US election cycle 'distraction'
4imprint Group reported a robust performance for the 10 months through October in an update on Tuesday, achieving revenue growth and maintaining profitability in a challenging North American market.
Vodafone reiterates guidance after first-half revenue growth
Vodafone Group reported a 1. 6% rise in total revenue to €18. 3bn for the first half of its financial year on Tuesday, with service revenue growing 1. 7% to €15. 1bn.
Oxford Instruments confident despite some market softness
Oxford Instruments reported first-half revenue growth and strategic progress on Tuesday, recording a 10. 4% increase in revenue at constant currency to £225. 8m, supported by strong performance in North America and Asia outside of China.
FCA fines Metro Bank £16.7m for anti-money laundering failings
The Financial Conduct Authority said on Tuesday that it has fined Metro Bank £16. 7m for failing to have the right controls in place to combat money laundering.
Convatec raises guidance after robust sales growth
Wound care specialist Convatec raised its guidance for the 2024 financial year on Tuesday, following robust sales growth across its divisions.
Bank of Georgia confident after strong third quarter, election fallout
Bank of Georgia Group reported a strong third-quarter financial performance on Tuesday, with consolidated profit for the period rising by 42. 5% year-on-year to GEL 509. 3m (£145. 29m), reflecting a return on average equity of 32. 1%.
Fresnillo partner flags problems at Silverstream mineral source
Fresnillo announced on Tuesday that Industrias Peñoles, its partner in a long-standing silver production agreement, had notified it of operational issues affecting the Sabinas mine, fully owned by Peñoles.
AstraZeneca upgrades full-year guidance amid strong momentum
AstraZeneca upgraded its full-year revenue and earnings per share guidance on Tuesday, citing strong growth across key therapy areas and robust financial results for the first nine months of the year.
UK unemployment rate ticks up, wage growth slows
UK unemployment ticked higher in the three months to September, while wage growth slowed, according to figures released on Tuesday by the Office for National Statistics.