Market Pulse
PureCircle shares down as sales and earnings rise
Producer and marketer of high purity stevia ingredients PureCircle provided the market with its results statement for the year to 30 June on Tuesday, with sales up 9% to $138. 6m, and gross margins improving to 57% from 40. 3% in the year to 30 June 2015.
Credit Suisse starts Weir, Rotork at 'outperform'
Credit Suisse initiated coverage of Rotork and Weir at ‘outperform’ as it took a look at the pan-European capital goods sector.
US pre-open: Stocks seen slightly higher as investors eye Fed, BoJ
US futures pointed to a slightly firmer open on Wall Street as investors looked ahead to rate announcements from the Bank of Japan and the Federal Reserve.
Asia report: Markets mixed in light pre-Fed trading
Markets in Asia ended mixed on Tuesday, with volumes light as traders kept their wallets shut ahead of monetary policy decisions due on Wednesday from the US Federal Reserve and the Bank of Japan.
EVR Holdings raises £3.4m on AIM to fund US expansion
Virtual reality content creator EVR Holdings raised £3. 4m on through a placing of over 200m shares on AIM, in order to fund further expansion in the US.
Billington hits record orders in first half
Billington Holdings, a UK based structural steel and construction safety solutions specialist, has achieved the largest number of orders since the firm’s origins.
Almost 5,500 UK financial firms' EU passports at risk from 'hard Brexit'
Showing the potential impact of losing access to the European single market as part of a 'hard Brexit', the City regulator revealed on Tuesday that close to 5,500 UK based firms hold at least one 'passport' to do business in the European Union.
Swallowfield's revenue rises due to new product launches
Beauty and cosmetic products manufacturer Swallowfield’s full year revenue increased due to new product launches and said it was well placed to deal with any economic uncertainty following Brexit.
Macquarie starts coverage of ASOS at 'outperform'
Macquarie initiated coverage of online fashion retailer ASOS at ‘outperform’ with a 5,700p price target.
German producer prices slip more than expected in August
German producer prices fell more than expected in August, according to data from Destatis.
Travis Perkins promotes Tony Buffin, poaches Alan Williams from Greencore
Travis Perkins has promoted its chief financial officer Tony Buffin to the role of chief operating officer, with Alan Williams joining the group to replace him with effect from 3 January 2017.
Regus CEO places 37m shares
Mark Dixon, the founder and chief executive officer of flexible workspace provider Regus is selling 37m shares, equivalent to a 4% stake in the company, in an accelerated bookbuild.
City of London Investment Trust shares up on annual results
City of London Investment Trust posted its annual report for the year to 30 June on Tuesday, with net asset value total return performance of 3. 1%, less than half the 6. 1% rate seen in 2015, and share price performance of 0. 4%, down from 7. 2%.
Europe open: Stocks waver ahead of central bank meetings
European stocks wavered in early trade as oil prices fell back, with investors looking ahead to rate announcements from the Bank of Japan and the Federal Reserve on Wednesday.
IG Group Q1 revenue drops in UK & Ireland amid subdued markets
FTSE 250 spreadbetting firm IG Group said it performed well in the three months to the end of August in what was a challenging quarter, although revenue in the UK & Ireland weakened as markets became increasingly subdued after Brexit and revenue per client declined.
London open: Stocks little changed as investors eye central bank meetings
Stocks in London were little changed in early trade following a pretty subdued session on Wall Street, as investors look to rate announcements by the Bank of Japan and the Federal Reserve on Wednesday.
Pennon Group in line to meet expectations for 2017
Water utility and waste management company Pennon Group said it was in line to meet expectations for the 2017 financial year as its portfolio of energy recovery facilities remains on track.
GVC's strong first half boosts confidence for full year
Fresh from being added to the FTSE 250 on Monday, online gaming and gambling group GVC Holdings said it was confident of achieving a result at the upper end of market expectations for 2016 after a strong first half result.
Ultra Electronics announces rebrand for Ultra Payments
Ultra Electronics announced the launch of a new brand for Ultra Payments on Tuesday - CORVID PayGate.
Sports Direct to carry out independent review of working practices
Sports Direct International has agreed to undertake an independent review of its working practices and corporate governance.