Market Pulse
Crest Nicholson full-year profit drops amid Brexit uncertainty
Housebuilder Crest Nicholson posted a drop in full-year profit on Tuesday amid Brexit uncertainty, as it said it expects a "difficult" first half of 2019, but also highlighted strong forward sales and a moderation in costs.
Ryanair's Spanish cabin crew vote in favour of union recognition
Ryanair confirmed on Tuesday that its directly-employed cabin crew in Spain had voted in favour of a recognition agreement with Sindicato Independiente de Tripulantes de Cabina de Pasajeros de Líneas Aéreas (SITCPLA) and Unión Sindical Obrera (USO).
Intermediate Capital posts 5% jump in Q3 AuM
Intermediate Capital Group posted a 5% rise in assets under management for the third quarter on Tuesday amid steady demand.
Shield Therapeutics upbeat on results of latest Feraccru study
Commercial stage pharmaceutical company Shield Therapeutics announced positive results from the open-label extension phase of the AEGIS-CKD pivotal study of ‘Feraccru’ on Tuesday.
Luceco revenue dims after tough year of trading
LED lighting and portable power products specialist Luceco updated the market on its trading for the year ended 31 December on Tuesday, reporting “good progress” in the second half of the year despite what it described as “challenging” UK market conditions.
Hargreaves Lansdown pulls in horns amid uncertainty
Hargreaves Lansdown said it "watchful" and had begun "moderating" its rate of investment in the business amid challenging markets, as first-half results came in below expectations.
Hg Capital invests in Transporeon, refinances A-Plan investment
Hg Capital Trust has invested in cloud-based logistics platforms Transporeon Group, it announced on Tuesday, with private equity giant TPG Capital exiting its shareholding in Transporeon as part of the transaction, with the terms not disclosed.
Hikma launches generic Mitomycin injection in US
Hikma Pharmaceuticals announced on Tuesday that its Hikma Pharmaceuticals USA division, formerly known as West-Ward Pharmaceuticals, has launched Mitomycin for Injection, USP’ at dosages of 20mg and 40mg.
UK and Ireland boom for Domino's as international ops struggle
Domino’s Pizza Group updated the market on its fourth quarter trading on Tuesday, reporting a 5. 5% uplift in group system sales to £339. 5m year-on-year, or a 5. 8% improvement on an organic basis.
Diamond sales at Anglo's De Beers drop in first cycle of 2019
Anglo American said on Tuesday that the value of rough diamond sales at its De Beers unit fell in the first sales cycle of 2019.
PZ Cussons says FY profits to drop amid Nigeria woes
Shares in Imperial Leather maker PZ Cussons tanked on Tuesday after the company said it expects adjusted pre-tax profit for the year to decline as good performances in Europe and Asia were offset by "extremely challenging" conditions in Nigeria.
Brady earnings soar despite falling revenues
Risk management software provider Brady expects full-year revenues and EBITDA be "broadly in line" with consensus market expectations.
Horizon Discovery turns EBITDA positive following Dharmacon acquisition
Gene editing and modulation business Horizon Discovery expects to have turned EBITDA positive in its recently wrapped up trading year as a result of significantly improved revenues.
London open: Stocks rise ahead of Brexit vote; Royal Mail fails to deliver
London stocks rose at the open on Tuesday, recovering from losses in the previous session as investors eyed the second parliamentary vote on Theresa May’s Brexit ‘Plan B’ and continued to keep an eye on US-China trade relations.
London pre-open: Stocks seen up ahead of Brexit vote
London stocks were set to rise at the open on Tuesday following losses in the previous session, as investors eyed the second parliamentary vote on Theresa May’s Brexit ‘Plan B’ and continued to keep an eye on US-China trade relations.
Tuesday newspaper round-up: Oddbins, Brexit, Patisserie Valerie, Google
The owner of Oddbins has warned staff of job losses in the near future as the off-licence business said it had appointed advisers to look at options for the future after an “extremely tough” Christmas. In an email to staff at European Food Brokers group, which also includes Wine Cellar Trading and Whittalls Wine Merchants, directors said they had concluded that its retail businesses “cannot continue in their current form” and may have to be sold. – Guardian.
US close: Markets in the red as Caterpillar, chipmakers sink
US stocks finished well into the red on Monday, as investors eyed this week's trade talks between the US and China and a slew of earnings releases - including a major earnings miss by one of the Dow's major blue chip outfits and one of Wall Street's tech darlings.