Market Pulse
Karelian Diamond Resources reveals promising analysis results
Karelian Diamond Resources revealed promising results from the electron microprobe analysis of Kimberlitic garnets extracted from till samples on Tuesday.
Cirata Q1 bookings fall, 'steady build' in pipeline
Software solutions business Cirata said on Tuesday that first-quarter bookings had fallen year-on-year but said there was "steady build" in its pipeline.
Asia report: Markets mixed ahead of US inflation print
Markets across the Asia-Pacific region finished with a mixed performance on Tuesday, as investors digested consumer confidence data from Japan.
Tern's Talking Medicines makes 'strong start' to FY24
Internet of Things investor Tern said on Tuesday that Talking Medicines, in which it currently holds a 23. 8% equity share, has made "a strong start to 2024", marked by record revenue bookings and significant advancements in its Talking Medicines Drug-GPT platform.
Loungers makes two senior management appointments
Hospitality operator Loungers announced two senior management appointments on Tuesday to facilitate its continued growth.
Barclays upgrades Halma to ‘overweight’
Barclays upgraded Halma on Tuesday to ‘overweight’ from ‘equalweight’ and lifted the price target to 2,650p from 2,425p.
S+U pre-tax profits fall in FY24, revenues grow
Motor finance business S+U said on Tuesday that pre-tax profits had contracted in the year ended 31 January, despite the group's improved revenue performance throughout the period.
Procook revenues improve in Q4
Kitchenware brand Procook said on Tuesday that revenues had improved in the fourth and final quarter of its trading year, with underlying pre-tax profits now seen "marginally ahead" of market expectations for a reading of £400,000.
Oracle Power enters exclusive option to acquire Blue Rock Valley
Oracle Power announced an exclusive option to acquire 100% ownership of the Blue Rock Valley Copper and Silver Project in the Ashburton Basin in northwest Western Australia on Tuesday.
Gresham Technologies to be bought by STG Partners in £147m deal
Gresham Technologies said on Tuesday that it has agreed to be bought by Alliance Bidco - a company owned indirectly by funds managed or advised by US private equity firm STG Partners - in a £146. 7m deal.
Imperial Brands on track to meet full-year expectations
Tobacco giant Imperial Brands said in a trading update on Tuesday that it remained on track to achieve its financial objectives while balancing share performance and implementing its strategic transformation plan.
London open: FTSE edges lower as investors eye US inflation data
London stocks edged lower in early trade on Tuesday as investors eyed the latest US inflation reading, a policy announcement from the European Central Bank and the start of earnings season across the pond later in the week.
Warpaint sees FY outlook ahead of market views
Warpaint said on Tuesday that its full-year outlook was set to be "ahead" of the market’s current expectations following strong trading in the first quarter of 2024.
London pre-open: Stocks seen muted; retail sales growth picks up
London stocks were set for a muted open on Tuesday as investors continued to eye the latest policy announcement from the European Central Bank and the start of US earnings season later in the week.
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. – Guardian.