Market Pulse
IBM revenues better than expected thanks to focus on cloud systems
International Business Machines' quarterly revenue was better than analysts had expected as the company's focus towards services like their cloud-based systems seems to have reaped dividends.
Versarien hit by Oil&Gas malaise, cash levels fall
Versarien’s full-year profits took a hit from the on-going malaise in the Oil&Gas sector, although management sounded an optimistic note on the potential of its products, including graphene.
Brexit could push UK into recession next year, says European Commission
In its first assessment for the euro area and the European Union since the UK referendum, the European Commission cut its growth forecasts for the UK, saying it could slip into recession next year.
Angle initiates 200 patient European ovarian cancer study
Medical technology company Angle’s European ovarian cancer study has been formally initiated with a first patient recruited.
International contracts drive first half at StatPro
Portfolio analysis and asset pricing service provider StatPro Group posted a trading update for the six months to 30 June on Tuesday, reporting a 26% increase in group annualised recurring revenue to £36. 2m.
Yahoo's core business down to final five bidders - CNBC
The sale of Yahoo's core business has come down to a final round of five bidders, CNBC reported citing sources.
Belgian business confidence improves in June
Business confidence in Belgium turned up in June, as manufacturers turned in a more favourable assessment of the present situation as regards company order books as well as stocks.
US open: Stocks waver as investors sift through corporate earnings
US stocks wavered on Tuesday as investors weighed corporate earnings from the likes to Goldman Sachs, Netflix and Yahoo.
Reality-check ahead for FTSE 100 investors, HSBC says
Britain’s top-flight index was set to reverse recent gains to end the year lower by 7%, delivering a ‘reality-check’ for investors, strategists at HSBC said.
Volvo beats second quarter earnings expectations
Volvo released better than expected second quarter earnings on Tuesday, despite shrinking US demand for commercial vehicles.
Johnson & Johnson lifts full-year guidance
Johnson & Johnson lifted its earnings guidance for full-year 2016 as it reported a drop in second-quarter net earnings but a rise in sales.
KSK Power Ventur revenue surges, loss narrows
Power project company KSK Power Ventur announced its final results for the year to 31 March on Tuesday, posting a 76% increase in gross revenue to $674. 5m.
Federal Reserve more confident of rate hike before year-end, Fed watcher says
The US central bank might raise interest rates again in coming months if the economic data Stateside 'held up', a widely-followed Fed watcher said.
IMF slashes UK forecasts as Brexit 'throws spanner' in global growth
Global growth in 2016 and 2017 is forecast to be slower than expected due to Britain’s decision to leave the European Union, with the International Monetary Fund also slashing its estimates for UK growth.
Treatt receives 'disappointing' result in Earthoil legal battle
Flavour, fragrance and cosmetic ingredients business Treatt revealed what it called a “disappointing” result of an ongoing legal battle on Tuesday, over its purchase of subsidiary Earthoil.
US housing starts and permits for June beat forecasts
Housing activity Stateside picked up in June, even as a lead indicator for the sector pointed to further short-term gains.
MyLocal administrators transfer 26 stores to convenience rivals, more to follow
Administrators of the collapsed MyLocal convenience chain have agreed the sale of 26 shops and said they were close to completing 16 more.
Investors turn bearish on EU equities, BofA-ML survey shows
Investors' bullishness towards equities from the European Union finally buckled under the weight of Brexit, the results of Bank of America-Merrill Lynch’s European fund manager survey for July revealed.
Goldman Sachs 2Q profit, revenue beat expectations
Investment banking giant Goldman Sachs released better-than-expected second-quarter numbers on Tuesday.
Tuesday broker round-up
Micro Focus: Barclays reiterates overweight with a target price of 2150p.