Market Pulse
Worldpay H1 profit and revenue grow
Payments processor Worldpay – which floated on the London Stock Exchange last year – reported a rise in first-half underlying earnings and pre-tax profit amid strength in all its businesses, as it declared a maiden interim dividend of 0. 65p per share.
Boohoo surges as it lifts FY sales guidance
Shares in Boohoo. com surged on Tuesday as the online clothing retailer said results for the current year are likely to be ahead of expectations after a strong performance in the first five months of the year and an encouraging start to August.
Aquatic Foods appoints Po Ling Low as finance director
AIM-listed Aquatic Foods Group had appointed Ms Po Ling Low as finance director.
Asia report: Most markets higher as Chinese inflation slows
Markets in Asia finished higher on Tuesday, with fresh data showing slower inflation in China and the Reserve Bank of India standing pat on monetary policy.
IP Group's half year pre-tax losses narrows
Technology venture capital company IP Group’s half year pre-tax losses narrowed and while it remained cautious about the short-term impact of the Brexit vote, it was confident about the long-term prospects.
Standard Life operating profit jumps 18% in first half
Standard Life posted an 18% increase in operating profit before tax for the first half thanks to diversification, as its assets under management grew.
Old Mutual to sell Italy business to Ergo Italia for €278m
Investment bank Old Mutual is to sell its Old Mutual Wealth Italy subsidiary to insurance company Ergo Italia, which is owned by private equity firm Cinven, for €278m.
Tritax Big Box buys Kellog's Manchester distribution facility for £23.5m
Real estate investment trust Tritax Big Box bought a distribution facility in Manchester’s Trafford Park, which is currently let to food manufacturer Kellogg's, for £23. 5m.
Motif Bio's US listing plans delayed
Motif Bio said on Tuesday that it is delaying its planned listing on the Nasdaq in the US “as a result of market conditions”.
UK industrial production data remains mixed, ONS confirms
UK industrial production remained stable on a month-to-month basis in the run-up to the Brexit vote, according to official data, though this lagging official data has been followed by gloomy findings from several surveys of the sector.
Synthomer profit rises amid improvement in Europe and North America
Specialty chemicals company Synthomer reported an increase in first-half profit thanks to ongoing improvements in Europe and North America.
Regus H1 profit up 7% but warns of softening revenue growth
FTSE 250 workspace provider Regus reported a jump in first-half profit and revenue on Tuesday but warned of “softening revenue growth” in some of its markets.
Amec Foster Wheeler beats first-half forecasts, review due in autumn
Amec Foster Wheeler's higher sales and lower earnings in the first half were better than the market expected, while the engineer also impressed with cost cutting and its continued expansion into renewable energy.
Aggreko swallows up US-based DRYCO
Aggreko announced on Tuesday that it has entered into an agreement to acquire substantially all of the assets associated with, and used in connection with DRYCO - a specialist in moisture control, drying, heating, and cooling applications within the shipping, manufacturing, food processing, construction, and industrial painting industries.
SIG's first half results boosted by acquisitions and weak pound
SIG reported on Tuesday a 20% increase in first half underlying profit before tax as group sales were boosted by acquisitions and foreign exchange benefits.
Europe open: Stocks edge higher as investors sift through earnings
European stocks were a little firmer in early trade as investors sifted through more earnings releases.
Banks made to share 'open banking' data, cap overdraft fees, and more
High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the UK competition regulator published the final results of its banking investigation.
London open: Stocks edge higher ahead of data releases
London stocks edged cautiously higher in early trade as investors awaited a slew of key data releases.
Spirax-Sarco takes over closed Brazilian firm Hiter
Steam and peristaltic pumping engineering company Spirax-Sarco Engineering announced on Tuesday that on 1 July it acquired the assets of the process control valve manufacturer, Hiter Indústria e Comércio de Controles Termo-Hidráulicos, based in Sorocaba, Brazil.
UK retail sales rebound in July, BRC says
UK retail sales bounced back in July after a tough few months, with the strongest growth in total takings since January.