Market Pulse
Hugo Boss downgrades expectations amid China, UK weakness
Shares in German fashion house Hugo Boss were sliding on Tuesday morning, after the company downgraded its sales and earnings projections for the year amid diminished consumer demand, particularly in China and the UK.
German economic outlook deteriorates for first time in a year - ZEW
The economic outlook in Germany deteriorated in July for the first time in a year, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Asia report: Markets make modest gains after Powell speech
Markets in the Asia-Pacific region closed mostly higher on Tuesday as investors digested comments from US Federal Reserve chair Jerome Powell.
Sosandar delivers 'robust' FY24 performance
Clothing brand Sosandar said on Tuesday that it had delivered a "robust" FY24 performance, with a continued focus on margins, profitability and cash generation.
Trustpilot slumps after Vitruvian sells 12.5m shares in placing
Trustpilot tumbled on Tuesday after Vitruvian Partners sold 12. 5m shares in the company in a placing at 220p each.
Ofwat expands sewage probe to all wastewater companies in England and Wales
Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
Bloomsbury delivers 'strong' YTD performance
Publishing house Bloomsbury said on Tuesday that it had delivered a "strong performance" over the first four months of its trading year, in line with recently upgraded expectations.
IntegraFin delivers 'robust' net inflows in Q3
Investment platform operator Integrafin said on Tuesday that it had delivered "robust net inflows and organic growth" in the three months ended 30 June.
London open: Stocks fall as Burberry, Rio Tinto lead the decline
London stocks fell in early trade on Tuesday as investors continued to mull political developments in the US, with Burberry and Rio Tinto on the back foot.
Experian Q1 revenues grow, COO steps down
Credit reporting company Experian shares traded lower on Tuesday after the announcement of its chief operating officer's departure offset news that revenues had grown in the three months ended 30 June.
B&M confident after first-quarter growth
Variety discount retailer B&M European Value Retail reported a 2. 4% increase in group revenue for its first quarter on Tuesday.
Vanquis Banking to miss FY ROTE target
Vanquis Banking Group warned on Tuesday that it does not expect to meet its FY24 guidance of low single digit return on tangible equity due to additional write-downs.
London pre-open: Stocks set for more losses
London stocks were set for more losses on Tuesday despite a positive close on Wall Street.
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as “a sizable amount” to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. – Guardian.