Market Pulse
German first-quarter GDP confirmed at 0.7%
German gross domestic product grew at 0. 7% in the first quarter compared with 0. 3% in the final quarter of last year, Destatis said on Tuesday, confirming its flash estimate earlier this month.
First-quarter profits surge at BGEO
First-quarter profits at Georgia-focused banking group BGEO were up by an impressive amount, it reported on Tuesday, growing 39. 6% year-on-year to GEL 87m (£25. 5m).
AA confirms talks about potential Irish sale
AA Plc confirmed it was examining various options for its Irish business, which could include a disposal.
Old Mutual says it has received approaches for stake in OMAM
Old Mutual confirmed on Tuesday that it has received approaches from third parties to acquire its 66% stake in OM Asset Management (OMAM), and that it is continuing to assess its options with regard to the preferred route to effect the managed separation announced in March.
Severn Trent posts promising start to AMP6
Water utility Severn Trent issued what it described as promising annual results on Tuesday, with group turnover down 0. 8% year-on-year to £1. 79bn as a result of a regulated price decrease.
London pre-open: Stocks seen touch weaker on downbeat US and Asian cues
London stocks were expected to open a touch lower on Tuesday following downbeat US and Asian sessions, and amid weaker oil prices.
Tuesday newspaper round-up: US libor case, UK fracking decision, CNH
A US appeals court has reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the antitrust portion of private litigation against Barclays, Bank of America, Deutsche Bank, HSBC, Royal Bank of Scotland and others on the ground that the investors failed to allege harm to competition, according to the US circuit court of appeals in Manhattan.