Market Pulse
Polar Capital Technology reports on 'frustrating' year
Investment trust Polar Capital Technology published a set of lacklustre preliminary results on Tuesday, with its chairman describing the 12 months to the end of April as “frustrating”.
Connect Group sales slow but forecasts remain despite Brexit
Connect Group has said its forecasts remain unaffected by the Brexit decision after the rate of revenue growth halved in the 44 weeks of its financial year so far.
St Modwen takes more cautions approach due to Brexit
St Modwen Properties increased its interim dividend 2% but said it would be likely to take a more cautious approach to strategy after the Brexit decision cast a veil of uncertainty over the UK property market.
Amec Foster Wheeler starts work on new US project
Amec Foster Wheeler has started work on an engineering, procurement and construction contract for Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) for a treatment project in Trimble County, Kentucky.
Marshalls revenue rises, well placed to deliver growth initiatives
FTSE 250 landscape products group Marshalls reported a rise in revenue for the six months ended 30 June and said it was well placed to deliver the growth initiatives set out in the 2020 strategy.
Ryanair traffic up 11% in June
Budget airline Ryanair reported an 11% increase in traffic in June to 10. 6m customers.
Wizz Air passenger numbers fly higher in June
Eastern Europe’s largest low-cost airline, Wizz Air, reported further growth in passenger numbers for June on Tuesday.
London pre-open: Stocks seen flat; services data eyed
Stocks in London were expected to open little changed on Tuesday ahead of services data and the Bank of England’s financial stability report, as worries about Brexit continued to weigh on investors' minds.
Balfour Beatty wins GBP170m Heathrow baggage contract
Balfour Beatty has won a £170m contract to upgrade baggage screening and handling systems for Heathrow Airport.
Tuesday newspaper round-up: Brexit talks, NHS, Southern Rail, Menzies
Britain is turning to the private sector to prepare for Brexit, seeking to second consultants to boost a civil service with almost no experience of complex trade negotiations. Sir Jeremy Heywood, the country’s top civil servant, has held talks with companies including accountants EY and KPMG, and the consultants McKinsey, as he prepares for a negotiation with Brussels described by outgoing prime minister David Cameron as “the most important task the British civil service has undertaken in decades”.