Market Pulse
Midwich reports highest-ever gross profit margin
Audio-visual specialist distributor Midwich Group reported a revenue increase of 7. 1% in its full-year results on Tuesday, to £1. 29bn, up from £1. 2bn in 2022.
German business sentiment improves in March - ZEW
German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Revenue, earning rise substantially for Yu Group
Corporate gas and electricity provider Yu Group reported a 65% increase in revenue in its final results on Tuesday, to £460m in 2023, up from £278. 6m in the prior year.
Atalaya earnings rise on back of lower operating costs
Atalaya Mining reported a solid increase in copper production in its results for 2023 on Tuesday, reaching 51. 7 thousand tonnes at cash costs of $2. 79 per pound and an all-in sustaining cost of $3. 09 per pound.
MP Evans earnings fall in tougher market environment
Sustainable palm oil producer MP Evans described a challenging market environment in its final results for 2023 on Tuesday, primarily due to a lower crude palm oil (CPO) price environment compared to the exceptionally high prices seen in 2022.
Puretech Health proposes $100m capital return
Biotherapeutics company PureTech Health has proposed a capital return of $100. 0m to its shareholders by way of a tender offer.
RBC Capital upgrades Vistry to ‘sector perform’
RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following full-year results.
Berenberg slashes target price on Focusrite following profit warning
Analysts at Berenberg slashed their target price on audio products manufacturer Focusrite from 700. 0p to 410. 0p on Tuesday following the group's profit warning a day earlier.
Asia report: Markets mixed as BoJ hikes rates, abandons YCC
Asia-Pacific markets finished with a mixed performance on Tuesday, as investors reacted to a policy shift from the Bank of Japan, which raised interest rates for the first time in 17 years.
Celebrus Technologies trades in line with FY expectations
Data solutions firm Celebrus Technologies said on Tuesday that its full-year results were seen in line with market expectations, with both revenue and profits improving year-on-year.
Ten Lifestyle hits record H1 adjusted EBITDA profitability
Travel and lifestyle concierge business Ten Lifestyle Group said on Tuesday that it had reached record adjusted underlying earnings profitability in the first half of its trading year, with active membership continuing to grow throughout the period.
Pfizer sells bigger-than-expected stake in Haleon
Haleon said on Tuesday that Pfizer has sold a larger-than-expected stake in the consumer healthcare group, taking its interest down to 22. 6% from 32%.
Essentra delivers 'resilient' FY 24 performance, CFO to stand down
Essential components manufacturer Essentra said it had delivered a "resilient" performance in 2023, with the group progressing towards its medium-term targets.
Trustpilot swings to full-year profit
Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.
SThree net fees fall amid global slowdown
Specialist science, technology, engineering and mathematics (STEM) recruiter SThree reported a 6% year-on-year decrease in net fees for the first quarter on Tuesday, attributed to a highly successful prior year and continued challenging market conditions.
London open: FTSE nudges up as BoJ hikes rates
London stocks nudged higher in early trade on Tuesday as investors mulled the first rate hike by the Bank of Japan in 17 years and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.
Crest Nicholson to fork out up to £15m on more build defects
Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
Unilever announces plans to separate ice cream business
Unilever unveiled its latest move to expedite its growth action plan (GAP) on Tuesday, through the separation of its ice cream business and the introduction of a significant productivity programme.
DFS warns on profits after demand weakens 'significantly'
DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.
London pre-open: Stocks seen down as BoJ ends negative interest rates
London stocks were set to fall at the open on Tuesday as investors mulled policy announcements from the Bank of Japan and Reserve Bank of Australia, and looked ahead to a key UK inflation reading this week.