Market Pulse
FTSE 250 movers: Virgin Money flies higher, Man Group shunned
The FTSE 250 was just in the green in afternoon trading on Tuesday, amid a raft of corporate earnings releases.
FTSE 100 movers: Provident surges while BP slips up
The FTSE 100 was trading higher on Tuesday afternoon as reporting season kicked into gear.
BT's Openreach must legally separate but remain within group, says regulator
BT Group's infrastructure arm Openreach should be forced to become a legally distinct company with its own board, own staff and separate branding to give it independence from the larger group, a report from regular Ofcom confirmed on Tuesday.
OptiBiotix launches healthy food range, buys majority of partner
Obesity, high cholesterol, diabetes and skin care focused life sciences company OptiBiotix Health announced on Tuesday the successful completion of a trial launch for its Slimbiome ingredients in a range of meal replacement shakes and natural snack bars.
DuPont beats analyst estimates in second quarter
Chemical maker DuPont boosted its end-of-year forecast after beating estimates for the second quarter in results released on Tuesday.
Asia report: Nikkei down on reports of flaccid stimulus package
Markets in Asia were mainly positive by the close on Tuesday, although stocks in Japan sold off on renewed strength in the yen, and local media reported rumours that the much-anticipated stimulus package expected from the government could come across a bit flaccid.
Tesco embraces 'store in store' format with Holland & Barrett
Tesco and health food shop chain Holland & Barrett have partnered up to introduce a health and well-being 'store in store' format in several of the grocery titan's UK sites.
Big four supermarkets all lose ground to discounters post-Brexit
Tesco, Sainsbury, Asda and Morrison lost further market share to discounters as the Big Four all saw sales drop in the weeks following the Brexit vote, though as a whole the sector saw sales bounce back slightly on previous months.
Hochschild Mining surges on Numis upgrade
Hochschild Mining surged on Tuesday as Numis upgraded its stance on the stock to ‘buy’ from ‘hold’ and lifted the price target to 290p from 220p.
London midday: Stocks inch higher but risk hampers conviction
London chip stocks were mostly higher by midday on Tuesday as reporting season kicked into gear to override a .
Europe midday: Stocks waver amid earnings deluge; FOMC eyed
European stocks were mixed in a tight range on Tuesday as investors sifted through more earnings ahead of key central bank meetings.
Carillion joint ventures win Canadian and Irish contracts
Carillion celebrated two contract wins on Tuesday, with two of the FTSE 250 firm’s joint ventures in Canada and Ireland being selected for major public projects.
Virgin Money boosts profits but softens guidance ahead of BoE hike
Virgin Money grew strongly during the first half of the year, beating many analyst's expectations, but with the economic outlook more cautious the company has slightly softened its net interest margin (NIM) guidance.
Greencore disappoints as sales growth slows, little effect seen from Brexit
Convenience food manufacturer Greencore’s third quarter revenues increased by 4% driven by the company’s Food to Go business while it expects no short-term effects from Brexit.
Hansteen buys remaining AIF units for £39.5m
Investment company Hansteen Holdings has bought the further 86. 5m units in Ashtenne Industrial Fund (AIF) that it did not already own for £39. 5m and refinanced its UK and France portfolio.
Lamprell warns on 2017 revenues, announces rig delay
Lamprell warned on Tuesday that revenues in 2017 would take a hit from the challenging market environment as it said that delivery of the jackup drilling rig which had been scheduled for the second quarter has been delayed.
US pre-open: Stocks seen flat as investors eye rate announcement, earnings
US futures pointed to a broadly flat open on Wall Street as investors awaited the outcome of the Federal Reserve’s two-day policy meeting on Wednesday and looked to a slew of earnings releases.
Berenberg downgrades ARM as it lifts price target to reflect Softcat deal
Berenberg downgraded ARM Holdings to ‘hold’ from ‘buy’ as it lifted the price target to 1,700p from 1,400p on the company’s pending deal with Softbank.
AB InBev improves offer for SABMiller, 'unacceptable' say shareholders
Brewer SABMiller has received a new, final takeover offer of 4,500p from Anheuser-Busch InBev after the collapse of the pound and pressure from a group of new activist shareholders, but major shareholder Aberdeen Asset Management said that it remained "unacceptable".
Amazon receives go-ahead from UK government to test drone delivery
Amazon will begin to test its aerial drone parcel delivery system after announcing an agreement with the British government, putting to bed previous issues surrounding the use of the technology.