Market Pulse
Idox reports robust first-half performance
Information management software and geospatial data specialist Idox reported a robust half-year financial performance on Tuesday, with key metrics in line with expectations.
Broker tips: Intertek, GSK, HIkma Pharmaceuticals
Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400. 0p to 5,500. 0p on Tuesday, citing faster-than-expected margin accretion.
Henry Boot subsidiary finalises land sale
Henry Boot announced on Tuesday that its subsidiary, Hallam Land Management, has finalised the sale of a freehold site in Ambrosden, Oxfordshire, to housebuilder Mulberry Homes.
Pantheon Resources releases independent report on Ahpun field
Pantheon Resources announced the results of an independent expert report (IER) by Cawley Gillespie & Associates (CGA) for the Ahpun field on Tuesday, estimating 280 million barrels of recoverable ANS crude oil.
GB Group reports results in line with expectations
Identity and location software specialist GB Group reported a set of results that aligned with its April trading update on Tuesday.
Iomart announces robust results, appoints new chair
Cloud computing and managed services provider Iomart Group announced a robust set of financial results for the year ended 31 March on Tuesday, as well as the appointment of a new board chair.
Director dealings: Sabre Insurance non-executive director raises stake
Sabre Insurance revealed on Tuesday that non-executive director Bryan Joseph had acquired 15,209 ordinary shares in the London-listed private motor insurance underwriter.
US open: Stocks mixed as FOMC meeting begins
Wall Street stocks were mixed early on Tuesday as market participants prepared for the outcome of the Federal Reserve's two-day policy meeting.
OPEC keeps global oil demand forecasts unchanged
The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
FTSE 100 movers: Hikma boosted by Citi note; miners slump
London’s FTSE 100 was down 0. 9% at 8,152. 46 in afternoon trade on Tuesday.
Berenberg hikes target price on Intertek
Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400. 0p to 5,500. 0p on Tuesday, citing faster-than-expected margin accretion.
Senior Hamas official says UN ceasefire proposal has been accepted
A senior official from Palestinian terrorist group Hamas reportedly said the organisation had accepted the ceasefire resolution that had been approved the night before by the UN Security Council.
Covestro close to granting Adnoc in-depth due diligence - report
Covestro is reportedly close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, signalling fresh impetus for the talks between both parties after a year of negotiations.
US pre-open: Futures lower ahead of FOMC decision
Wall Street futures were in the red ahead of the bell on Tuesday as market participants prepared for the Federal Reserve's two-day policy meeting to kick off.
London midday: Stocks turn lower as investors mull jobs data
London stocks had fallen into the red by midday on Tuesday as data showed that UK wages grew faster than expected in the three months to April.
Cake Box profits jump amid new store openings
Cake Box posted a jump in full-year profit and revenue on Tuesday as the maker of fresh cream celebration cakes pointed to increased franchise store sales and new store openings.
Renew Holdings acquires electricity transmission and distribution business
Engineering services company Renew has entered into the electricity transmission and distribution market with its £26. 0m acquisition of Excalon.
Asia report: Markets mixed as investors look to Fed decision
Asia-Pacific markets presented a mixed performance on Tuesday, reflecting a cautious sentiment as traders awaited the US Federal Reserve’s decision on Wednesday.
Raspberry Pi prices IPO at 280p per share
Raspberry Pi Holdings announced the pricing of its initial public offering (IPO) on Tuesday, at 280p per share, following the confirmation of its intention to float on 22 May.
Atos shares slide as it agrees to dilutive restructure
Shares in French IT giant Atos were sliding on Tuesday morning, after it announced that its board had decided to proceed with a restructuring plan that would seriously dilute the equity of existing shareholders.