Market Pulse
US close: Stocks higher as attention turns to FOMC meeting
Major indices delivered a positive performance on Tuesday as market participants patiently awaited the outcome of the Federal Reserve Open Markets Committee's March policy meeting.
Director dealings: Sthree CEO offloads shares
Sthree revealed on Tuesday that chief executive Timo Lehne had disposed of 31,017 ordinary shares in the FTSE 250-listed staffing business.
Ted Baker to appoint administrators
Fashion brand Ted Baker is set to call in administrators, it emerged on Tuesday.
HMRC to severely cut back phone help services
HM Revenue and Customs (HMRC) is set to drastically reduce its telephone help services for several months, it was announced Tuesday.
London close: Stocks mixed as Japan ends negative rate policy
London markets closed with a mixed performance on Tuesday, as investors weighed the implications of Japan's decision to end negative interest rates against upcoming policy announcements from the US Federal Reserve and the Bank of England later in the week.
Broker tips: Vistry, Focusrite
RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following its full-year results.
Personal Group signs deal with unnamed global airline
Personal Group announced a landmark contract signing by its pay and reward division on Tuesday, with an undisclosed global airline, for its reward consultancy arm Innecto.
FTSE 100 movers: Unilever rallies; housebuilders in the red
London’s FTSE 100 was up 0. 2% at 7,735. 84 in afternoon trade on Tuesday.
US open: Major indices mixed as Fed policy meeting begins
Wall Street trading got off to a mixed start on Tuesday as market participants patiently awaited the outcome of the Federal Reserve Open Markets Committee's March policy meeting.
Andrada Mining subsidiary inks financing deal with Bank Windhoek
Andrada Mining announced a financing deal through subsidiary Uis Tin Mining Company (UTMC) Tuesday, with Bank Windhoek.
US housing starts surge in February, building permits rise
Both building permits and housing starts surged across the US in February, according to the Census Bureau, beating forecasts.
Majestic Wine in talks to buy Vagabond Wines - report
Majestic Wine is reportedly in advanced talks to buy Vagabond Wines, the London-based chain that filed notice of its intention to appoint administrators earlier this month.
Cohort wins £16m systems contract in Australia
Cohort announced a landmark contract through its subsidiary Chess Dynamics on Tuesday, valued at £15. 7m, with BAE Systems Maritime Australia for the provision of the advanced Sea Eagle surveillance systems.
US pre-open: Futures lower ahead of FOMC meeting
US futures were in the red ahead of the bell on Tuesday as market participants patiently awaited the outcome of the Federal Reserve Open Markets Committee's March policy meeting.
London midday: Stocks dip as investors mull BoJ, await Fed and BoE
London stocks had dipped into the red by midday on Tuesday as investors mulled the end of negative rates in Japan and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.
Fintel earnings rise as it expands through acquisitions
Financial technology and support specialist Fintel reported a 5. 6% increase in adjusted EBITDA in its 2023 results on Tuesday, to £20. 5m, with a margin improvement to 31. 5%.
Team Internet acquires Shinez in $42m deal
Digital marketing specialist Team Internet Group announced the acquisition of Shinez and its subsidiaries on Tuesday to strengthen its portfolio and presence in the online marketing sector.
Mortgage Advice Bureau maintains dividend after mixed year
Mortgage Advice Bureau said in its final results on Tuesday that despite a challenging environment, it achieved a revenue increase of 3. 8% in 2023 to £239. 5m, and a notable 11. 5% rise in gross profit, reaching £70. 2m.
Boku profit before tax surges 178pc in 2023
Mobile payments specialist Boku reported a 30% jump in revenue in its 2023 results on Tuesday, to $82. 7m, up from $63. 8m in the prior year, with significant contributions from digital wallets and account-to-account (A2A) connections, which soared by 153% to $16. 9m.
Tesco loses appeal over Lidl trademark infringement
Tesco, the UK's largest retailer, faced defeat in an appeal regarding a trademark infringement case brought against it by the privately-held limited assortment discounter Lidl, it emerged on Tuesday.