Market Pulse
Asia report: Most markets rise after mixed day on Wall Street
Stock markets in the Asia-Pacific region experienced mostly positive performance on Tuesday, with Japan's Topix reaching its highest level in three weeks.
Europe open: Aerospace stocks drop as Airbus cuts forecasts
European stocks were mostly lower on Tuesday with heavy falls in Frankfurt and Paris outweighing a more subdued performance elsewhere with heavyweights Airbus and Merck leading the decline.
London open: Stocks nudge up; Ocado and Melrose under the cosh
London stocks nudged higher in early trade on Tuesday following a mixed close on Wall Street, as investors eyed the release of a key US inflation reading and UK GDP data later in the week.
Wynnstay reports weaker first half amid challenging market
Wynnstay Group reported a set of interim results impacted by challenging trading conditions on Tuesday, as anticipated.
IG Design swings back to full-year reported profitability
IG Design Group reported a successful second year in its three-year turnaround plan on Tuesday, with significant improvements in operational efficiency and business simplification.
Funding Circle to sell US business to iBusiness Funding for £33m
Funding Circle said on Tuesday that it has agreed to sell its US business to Miami-based iBusiness Funding (IBF) for £33m.
AstraZeneca posts mixed results from recent Imfinzi trials
AstraZeneca announced contrasting results from two phase three trials involving its immunotherapy drug ‘Imfinzi’, or durvalumab, on Tuesday.
Gear4music revenue falls, profit rises as expected
Online musical instrument and equipment retailer Gear4music reported final results in line with market forecasts on Tuesday, with revenue down 5% year-on-year to £144. 4m, reflecting a strategic focus on enhancing gross margins and reducing costs to prioritise profitability over revenue growth.
London pre-open: Stocks to edge up after mixed US session
London stocks were set to nudge up at the open on Tuesday following a mixed close on Wall Street.
Tuesday newspaper round-up: Energy suppliers, Boeing, Thames Water
EDF, Utilita and British Gas have been named as the worst energy suppliers for customer service, as research shows industry standards have slipped sharply. Citizens Advice said customer service ratings across the industry were among the lowest ever between January and March and average ratings had fallen by 10. 5% compared with the same period in 2021. – Guardian.
US close: Nasdaq falls on mixed day for stocks
Wall Street experienced a mixed close on Monday as traders navigated the final week of the second quarter.