Market Pulse
JPMorgan adds National Grid to 'analyst focus list'
JPMorgan Cazenove added National Grid to its ‘analyst focus list’ on Tuesday, saying the company is well positioned to benefit from value-accretive networks growth at an attractive valuation, and with questions around the balance sheet answered after a £7bn equity raise.
RBC Capital Markets hikes target price on Bunzl
Analysts at RBC Capital Markets hiked their target price on distribution group Bunzl from 2,600. 0p to 2,700. 0p on Tuesday following the company's Q2 trading update.
Capita renews contract to administer Royal Mail statutory pension
Capita announced the renewal of its contract with the Cabinet Office to administer the Royal Mail Statutory Pension Scheme (RMSPS) on Tuesday, for an additional six years from 2026.
Shoe Zone warns on profits, cites higher shipping costs and bad weather
Shoe Zone warned on profits on Tuesday as it said it was hit by rising shipping costs and bad weather.
BATM surges on cybersecurity contract
BATM surged on Tuesday after signing a strategic partnership and cooperation agreement with "a significant global technology, engineering and defence group" to deliver its advanced cybersecurity solution to commercial markets.
Devolver raises £7.9m via share placing
Video games publisher Devolver has successfully raised approximately £7. 9m via a placing of 23. 9m shares.
Checkit inks 'significant expansion' to contract with UK client
Monitoring platform operator Checkit has secured a "significant expansion" with an existing UK-based customer.
Revolut FY revenues surge, working on UK banking licence
Neobank and fintech group Revolut posted a sharp increase in annual revenues on Tuesday as it continues to work towards obtaining a UK banking licence.
Supreme delivers 'strong' FY results, EBITDA nearly doubles
Consumer products manufacturer Supreme delivered "strong" full-year trading results on Tuesday as underlying earnings nearly doubled year-on-year.
London open: Stocks fall as investors eye eurozone inflation data
London stocks fell in early trade on Tuesday as investors mulled the latest shop price inflation data and looked ahead to eurozone inflation figures later in the day.
Endeavour pours first gold at Lafigue mine
Endeavour Mining announced the first gold pour at its Lafigué mine in Côte d'Ivoire on Tuesday, achieved on budget and ahead of schedule.
Ryanair reports record passenger numbers for June
Budget airline Ryanair reported record passenger numbers for June on Tuesday, up 11% on the year.
London pre-open: Stocks seen lower as investors mull shop price data
London stocks were set to fall at the open on Tuesday following a mixed session in Asia, as investors mulled the latest shop price inflation data and looked ahead to the UK election this week.
Tuesday newspaper round-up: Inflation, Thames Water, Randox
Britain’s next government is poised to benefit from easing pressure on household finances after a slowdown in inflation in stores and a fall in fuel prices, but costs remain “too expensive” for many families. Figures from the British Retail Consortium (BRC) show that annual UK shop price inflation cooled last month to 0. 2%, down from 0. 6% in May – the slowest pace since October 2021 – as retailers cut the prices of many of their key products, including butter and coffee.