Market Pulse
Zoopla zips to new high as interims excite
Strong half-year results from Zoopla Property Group helped the shares extend their highs, as a powerful performance from new addition uSwitch added to the continued recovery of the core property arm.
Polypipe reports strong start to the year
Polypipe reported a jump in revenue for the first four months of the year and said it was well placed to deliver on its full-year expectations.
German Ifo business confidence improves more than expected
German business confidence improved more than expected in May, according to a widely-followed survey.
London open: Stocks rise as Greece creditors agree to unlock fresh bailout funds
London stocks rose on Wednesday after the eurozone finance ministers agreed to unlock €10bn in bailout funds.
Wizz Air's full year profits soar but first quarter to be hit by early Easter
Wizz Air reported on Wednesday a 53% jump in full year underlying net profit to €224m as revenue gained.
Paysafe FY earnings and revenue to top consensus
Paysafe shares rallied on Wednesday as the FTSE 250 payments processor said full-year revenue and earnings are now expected to be ahead of market consensus.
Dixons Carphone says profits will hit top of targets after solid Q4
A trading update from Dixons Carphone revealed annual pre-tax profits are likely to reach top half of its guidance as the retailer gained market share in electricals and mobile in most of its key markets.
Monsanto rejects Bayer's bid
US agriculture giant Monsanto late on Tuesday rejected German chemical and pharmaceutical company Bayer’s $62bn all-cash offer, saying it was “incomplete and financially inadequate”.
Europe open: Stocks in the black as oil gains, Greece deal reached
European stocks advanced in early trade following a positive session on Wall Street and amid rising oil prices, as investors digested news that Greece has reached a breakthrough agreement with its international creditors.
Royal Mail gets mixed bag from Ofcom postal regulation report
Concluding its review of the regulation of Royal Mail, the postal regulator has decided not to impose any new price controls on the company’s wholesale or retail products but it kept the cap on stamp prices and proposed tightening some rules in the 'access' market.
Babcock International profits as outsourcing demand remains strong
Babcock International posted a strong set of final results, with the FTSE 100 engineering outsourcer's all-organic profits rising steadily and emitted optimistic sounds about future growth in the UK and internationally.
Intertek revenue up but resource business challenging
FTSE 100 testing, inspection and certification company Intertek Group reported a rise in revenue for the first four months of the year although its resource-related business continued to suffer from challenging markets.
London pre-open: Stocks set for firmer open; M&S in focus
London stocks were seen starting higher following positive leads in the US and Asia amid rising oil prices, as investors digest news that Greece has reached a deal with it international creditors.
Wednesday newspaper round-up: Greece, BHS, Monsanto
Greece's international creditors have bought time to secure the country's financial future after agreeing broad but inexact principles to ease its debt mountain and break an impasse between Germany and the International Monetary Fund. After almost 11 hours of talks in Brussels, eurozone finance ministers and the IMF agreed to a range of measures to restructure Greece’s debts when its €86bn bailout ends in 2018 — but put no figures on the concessions and left them subject to political decisions by eurozone countries.