Market Pulse
London close: Stocks manage a positive finish
London stocks closed on a high note on Tuesday, buoyed by strong performances from key sectors and a notable rise in Whitbread shares following positive first-quarter results.
Blackbird upbeat on prospects despite media slowdown
Cloud video editing technology developer Blackbird said in an update on Tuesday that over the last year, it had seen significant investment and transformation, notably with the launch of the Elevate. io multiplayer editor.
FTSE 100 movers: Whitbread rallies; Ashtead slumps after results
London’s FTSE 100 was up 0. 6% at 8,192. 18 in afternoon trade on Tuesday.
Hargreaves willing to recommend new takeover offer from CVC consortium
Hargreaves Lansdown said on Tuesday that it would be willing to recommend a firm takeover approach at 1,140p a share from a consortium led by CVC Capital Partners and has therefore requested an extension to the ‘put up or shup up’ deadline.
Hargreaves Lansdown to seek bid extension - report
Hargreaves Lansdown is reportedly set to extend talks with a consortium of private investors who have proposed buying the company in a deal worth about £5bn.
French equities now ‘most unloved’ in Europe - BofA survey
France has turned into investors’ most unloved European equity market after President Macron called a snap election, having been the most preferred last month, according to the latest European Fund Manager Survey from Bank of America.
Cordel inks deal with Middle East customer
Transport technology and artificial intelligence (AI) specialist Cordel Group announced a significant new customer contract in the Middle East on Tuesday.
Boston Scientific to buy Silk Road Medical in $1.26bn deal
Medical device company Silk Road Medical surged in pre-market trade on Tuesday after saying it had agreed to be bought by Boston Scientific in a $1. 26bn deal.
Advanced Energy abandons pursuit of XP Power
Denver-based Advanced Energy Industries said on Tuesday that it does not plan to make a takeover offer for XP Power as it has not been able to access the due diligence necessary.
London midday: Stocks maintain gains as Whitbread rallies
London stocks were still in the black by midday on Tuesday, with Whitbread surging ahead after well-received first-quarter results.
Clean Power Hydrogen gets CE-marking for electrolyser stacks
Green hydrogen technology and manufacturing company Clean Power Hydrogen announced on Tuesday that it has been awarded CE-marking for its membrane-free electrolyser (MFE) stacks.
German business sentiment improves less than expected - ZEW
German business sentiment improved less than expected in June, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
RWS emission goals given the SBTi seal of approval
Technology-based language, content and intellectual property specialist RWS Holdings announced the approval of its near-term science-based emissions reduction target by the Science Based Targets initiative (SBTi) on Tuesday.
Carrefour shares plunge on reports of fine over franchise management
Shares of French supermarket giant Carrefour fell sharply on Tuesday, following reports from French media indicating that the economic and finance ministry had recommended a substantial fine against the company for its franchise network management.
Venice appeals court finds in favour of Quantum Blockchain subsidiary
Quantum Blockchain Technologies announced on Tuesday that the Court of Appeal of Venice issued a judgement on 10 June regarding the appeals in the lawsuit filed by its subsidiary, Clear Leisure 2017 (CL17), against the former directors and statutory auditors of Sipiem in Liquidazione (Sipiem).
Services prices push euro area CPI higher in May
The cost of living in the single currency bloc rose a tad last month as the cost of services picked up.
Residential Secure Income reports robust first half
Residential Secure Income (ReSI) reported a robust first-half performance on Tuesday, achieving like-for-like rental growth of 6. 5% and maintaining a rent collection rate of 99%.
Asia report: Most markets rise as RBA holds rates
Asia-Pacific markets experienced a significant rebound on Tuesday, mirroring Wall Street's positive momentum from the previous night.
Wet weather sees slowdown in grocery sales
Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1. 0% over the four weeks to 9 June.
Science Group trading in line with expectations
Science Group announced a positive trading update on Tuesday, ahead of its annual general meeting.