Market Pulse
Boeing workers agree pay deal, end strike
Boeing’s workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contributions.
Sosandar signs licensing agreement with Next for homeware range
AIM-listed fashion brand Sosandar said on Tuesday that it has signed a licensing agreement with Next for a homeware range.
NatWest strikes £11bn deal to offload pension payments to Rothesay
NatWest Group has struck what is thought to be the UK's biggest-ever deal to outsource pension payments to a specialist insurance company.
Whitbread kicks off search for chair Crozier’s successor - report
Premier Inn owner Whitbread has reportedly kicked off the search for a successor to chairman Adam Crozier and is working with Russell Reynolds Associates.
RBC Capital adds 'speculative risk' qualifier to Close Brothers rating
RBC Capital Markets cut its price target on shares of Close Brothers on Tuesday to 425p from 435p and added a "speculative risk" qualifier to its rating as it assessed the impact of premium finance.
UK water companies rally as Citi, JPM optimistic on outlook
UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat’s Final Determinations next month.
London midday: FTSE higher but gains muted ahead of US election
London stocks had pushed a little higher by midday on Tuesday, but gains were unspectacular as investors erred on the side of caution as Americans headed to the polls.
Asia report: Markets mixed as investors eye US election
Asia-Pacific markets closed in a mixed state on Tuesday as investors cautiously navigated global uncertainties surrounding the US presidential election and a potential interest rate decision by the Federal Reserve later in the week.
Hilton Food hails strength across all geographies, says Q3 in line
Hilton Food said on Tuesday that it traded in line with management expectations in the third quarter, as it hailed a continued strong performance across all three geographical operating regions.
Balfour Beatty secures Texas highway upgrade contract
Balfour Beatty announced on Tuesday that it has secured a $746m (£575m) contract from the Texas Department of Transportation to rebuild a section of Interstate 35 through Austin.
IWG revenue growth underpinned by managed and franchised segment
International Workplace Group reported a 2% year-on-year revenue increase on a constant currency basis for the third quarter on Tuesday, alongside robust expansion in its managed and franchised segment, which achieved a 19% revenue rise.
TI Fluid Systems revenue falls in third quarter
TI Fluid Systems reported a 2. 9% decline in revenue at constant currency for the first nine months of the year on Tuesday, citing reduced market volumes and economic headwinds in the third quarter, which alone saw a revenue drop of 5. 9%.
RBA holds rates as inflationary pressures persist
The Reserve Bank of Australia (RBA) held its cash rate steady at 4. 35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battle persistently high inflation.
Smiths News beats full-year market expectations
Smiths News announced a strong set of full year results on Tuedsay, surpassing market expectations.
London open: FTSE nudges up as investors eye US election
London stocks were just a smidgen higher in early trade on Tuesday, with investors erring on the side of caution as Americans headed to the polls.
Morgan Advanced Materials lowers outlook, launches £40m buyback
Morgan Advanced Materials reported a 3. 8% rise in organic sales for the first nine months of 2024 on Tuesday, driven primarily by strong demand in its performance carbon segment, which saw a 12. 6% increase.
CMA says Vodafone-Three merger could proceed with remedies
The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented significant network investments and customer safeguards.
Schroders Q3 outflows reach £2.3bn despite record AuM
Schroders reported a record high in assets under management on Tuesday, reaching £777. 4bn as of 30 September, although large third-quarter outflows took the shine off the news.
TP ICAP posts record third-quarter revenue
Interdealer broker TP ICAP reported record third-quarter revenue on Tuesday following strong performances in its Global Broking and Liquidnet businesses.
Asos FY losses widen but outlook upbeat
Online fashion retailer Asos reported a widening of its full-year losses on Tuesday as revenue slumped but insisted that things were looking up after two years implementing its transformation plan.