Market Pulse
Solid State wins $5.1m contract with US customer
Value-added electronics group Solid State has secured a $5. 1m order for an internet-of-things technology solution with a US customer supplied by Solsta, its components division.
Norcros subsidiary Triton Showers gets sustainable development award
Norcros announced on Tuesday that its electric shower specialist subsidiary Triton Showers has received the King's Award for Enterprise in the Sustainable Development category.
UK new car registrations rise for 21st month in a row
UK new car sales rose for the 21st month in a row in April, according to the Society of Motor Manufacturers and Traders, driven by increased demand for fleet vehicles.
Kosmos Energy Q1 net production grows
US oil firm Kosmos Energy said on Tuesday that net production had grown in Q1 as it had "an active start to the year", continuing operational and financial momentum seen in 2023.
UBS reports first profit since Credit Suisse takeover
Swiss banking giant UBS announced its first quarterly profit since its takeover of Credit Suisse on Tuesday, sending its shares northward.
Asia report: Markets mixed as Australia stands pat on interest rates
Stock markets in the Asia-Pacific region finished in a mixed state on Tuesday, influenced by hopes for a potential interest rate cut by the US Federal Reserve.
IWG maintains FY guidance, mulls US listing
Flexible workspace provider IWG maintained its full-year guidance on Tuesday as it considers a US listing amid continuing margin growth and network expansion during Q1.
UK construction sector expands at fastest pace in more than a year
The UK construction sector expanded in April at its fastest pace in more than a year, according to a survey released on Tuesday.
Zotefoams inks five-year deal with Chinese firm Shincell
Cellular materials specialist Zotefoams announced a strategic alliance agreement with Suzhou Shincell New Materials of Suzhou, China on Tuesday.
London open: Stocks rally as investors mull retail sales, house prices
London stocks rallied in early trade on Tuesday following solid gains on Wall Street and in Asia, as investors mulled the latest data on house prices and retail sales.
Three firms fined, sanctioned over LCF audits
The Financial Reporting Council (FRC) imposed sanctions on three audit firms on Tuesday, following an investigation into their audits of London Capital & Finance (LCF).
Ferrexpo reports rise in volumes amid Ukraine legal case
Ferrexpo reported a notable rise in production and sales volumes for the first quarter at its Ukraine subsidiary, Ferrexpo Poltava Mining (FPM), on Tuesday.
Weak customer demand dents Macfarlane Q1 profits, sales
Macfarlane slumped on Tuesday as the packaging supplier backed its full-year expectations but said sales and profits in the first quarter were below the same period a year earlier amid weak customer demand.
House prices return to growth in April - Halifax
UK house prices returned to growth in April, with the housing market "finding its feet in an era of higher interest rates", according to data released on Tuesday by Halifax.
London pre-open: FTSE called higher after solid European, US sessions
London stocks were set to rise at the open on Tuesday as investors play catch up following positive sessions in Europe and the US on Monday.
Tuesday newspaper round-up: House prices, employers, Wayve
Universal Music Group could become the latest company to face an embarrassing shareholder revolt this AGM season, after an influential advisory firm urged investors to reject an “excessive” €139m (£119m) payout for its chief executive, Lucian Grainge. Glass Lewis said it had “severe reservations” about supporting the Dutch-American music company’s pay decisions, which included a €92m share-based bonus for its British-born CEO that easily made up for a 51% cut in his salary, to €7.