Market Pulse
Firering subsidiary Limeco wins new Zambia exploration licence
Firering Strategic Minerals announced on Tuesday that its subsidiary Limeco Resources has been awarded a new 392. 51-hectare exploration licence adjacent to its current site in Zambia.
Petrotal to evaluate upper Vivian formation sand
Development and production company Petrotal said on Tuesday that drilling at Well 20H on the Bretaña field has commenced, allowing for the evaluation and testing of the upper Vivian formation sand, which for the first time will be jointly completed with the main Vivian 2 sand.
Asia report: Markets mixed as consumer inflation slows in Korea
Asia-Pacific markets mostly declined on Tuesday as investors reacted to South Korea's August inflation rate, which dropped to the lowest annual level since March 2021.
SSE's Cloiche Wind Farm secures CfD allocation
SSE announced on Tuesday that its Cloiche Wind Farm has successfully secured a contract in the UK’s sixth Contracts for Difference (CfD) allocation round.
Berenberg upgrades Hikma Pharmaceuticals to ‘buy’
Berenberg upgraded Hikma Pharmaceuticals on Tuesday and lifted the price target to 2,400p from 2,100p as it said "clear progress" had been made.
Uniphar reports first-half growth across its divisions
International diversified healthcare service provider Uniphar reported a solid set of first-half financial results on Tuesday, with notable growth across all of its divisions.
Studios, ad market rebound drives first-half growth for STV
STV Group announced a robust set of first-half financial results on Tuesday, with significant growth in both revenue and profit.
Johnson Service Group H1 revenue and profits grow
Textile rental and cleaning business Johnson Service Group said on Tuesday that both revenue and profits had grown in the six months ended 30 June, leaving it confident of both its full-year performance and longer-term growth prospects.
Craneware FY profits grow, sees 'increased opportunity ahead'
Software firm Craneware posted improved full-year revenue and profit figures on Tuesday and highlighted that it had also seen "increased opportunity ahead".
Oxford Nanopore reports steady first half amid market challenges
Oxford Nanopore Technologies reported a steady first-half performance on Tuesday, despite challenging market conditions.
London open: Stocks gain after retail sales, ahead of US data
London stocks edged up in early trade on Tuesday as investors mulled the latest UK retail sales figures and looked ahead to key US data releases.
Kitwave reports robust summer trading
Kitwave Group reported positive trading in an update for the four months ended 31 August on Tuesday, indicating robust performance during its traditionally-busiest period.
Midwich confident after solid first half
Midwich Group reported a robust first-half performance amid challenging market conditions on Tuesday, with a 5. 8% increase in revenue to £646. 1m, or 7. 5% at constant currency.
Ashtead confident despite mixed first quarter
Ashtead Group reported modest first quarter revenue growth on Tuesday, amid challenging market conditions.
Ryanair hails record August traffic
Budget airline Ryanair reported record passengers numbers for August on Tuesday, up 8%.
London pre-open: Stocks seen up as investors mull retail sales
London stocks were set to edge up at the open on Tuesday following a negative close in the previous session, as investors mulled the latest retail sales figures.
DS Smith trading in line with management's expectations
Packaging firm DS Smith said on Tuesday that overall trading for the current financial year was in line with management’s expectations.
Tuesday newspaper round-up: Electric cars, Manchester, Mountain Warehouse
Campaigners have called on the chancellor to introduce a controversial pay-per-mile road charging scheme on electric cars, warning of a £5bn “black hole” in tax revenues from motoring. In a letter to Rachel Reeves, the Campaign for Better Transport (CBT) urged her to reform vehicle taxes, with fuel duty poised to dwindle in the coming decade as petrol and diesel cars are phased out. – Guardian.