Market Pulse
Lords Group confident despite revenue dip
Lords Group reported a slight dip in revenue amidst challenging market conditions in its unaudited interim results on Tuesday.
Revenue falls, underlying profit improves for James Fisher
James Fisher reported a period of both financial challenges and progress in its turnaround strategy in its half-year results on Tuesday.
IQE sees FY results at lower end of market views, shares slump
IQE slumped on Tuesday as it said its full-year performance was set to be at the lower end of analyst forecasts, as some markets remain in recovery in the second half of the year.
CMA to open first phase of probe into Carlsberg's acquisition of Britvic
The Competition and Markets Authority said on Tuesday that it was opening the first phase of an investigation into Danish brewer Carlsberg’s £3. 3n acquisition of Britvic.
Asia report: Stocks mixed as investors sift through China trade data
Asia-Pacific markets experienced a mixed performance on Tuesday as investors reacted to fresh data from China and the positive momentum from Wall Street's rebound.
UK grocery inflation dips to 1.7% - Kantar
UK grocery inflation fell in the four weeks to 1 September, according to data released by Kantar on Tuesday.
Apple loses decade-long Irish tax battle
Tech giant Apple has lost a decade-long battle with the European Union regarding a €13. 0bn tax bill in Ireland.
Oxford Nanopore files US subpoena application
Nanopore sequencing products company Oxford Nanopore Technologies has filed an application in the US District Court for the Northern District of California for leave to serve subpoenas in support of a lawsuit it intends to file in the courts of England and Wales.
Essentra taps Rowan Baker for CFO
Essential components manufacturer Essentra has appointed Rowan Baker to the role of chief financial officer, with effect from 5 November.
Centamin to be taken over by AngloGold Ashanti in £1.9bn deal
Gold miner Centamin - which operates the Sukari gold mine in Egypt - said on Tuesday that it had agreed to be taken over by AngloGold Ashanti in a £1. 9bn deal.
AJ Bell chief operating officer to step down
Investment platform operator AJ Bell revealed on Tuesday that chief operating officer Roger Stott will step down from the board at the end of 2024.
London open: Stocks fall as investors mull jobs data; Centamin surges
London stocks fell in early trade on Tuesday as investors mulled the latest UK jobs data.
Hill & Smith buys US structural steel components maker Whitlow for $30.2m
Hill & Smith said on Tuesday that it has bought Whitlow, a designer and manufacturer of structural steel and substation components for the US electrical infrastructure market, for $30. 2m (£23m).
Tillbrook to step down as Alpha Group CEO, chair Kahn to take over
Alpha Group International announced on Tuesday that Morgan Tillbrook would step down as chief executive officer and director on 31 December, with Clive Kahn, the company’s chairman since 2016, to succeed him as CEO from 1 January 2025.
Praxis withdraws from potential Capital & Regional takeover
Praxis Group announced on Tuesday that it would not proceed with its potential offer to acquire Capital & Regional.
Wickes interim profits drop but trends improving
Wickes posted a drop in interim profit on Tuesday as revenues fell, but backed its profit expectations for the year as it said trends were improving.
UK pay growth cools, unemployment rate falls to six-month low
UK pay growth cooled in the three months to July, while the unemployment rate fell to a six-month low, according to figures released on Tuesday by the Office for National Statistics.
Schroders finance chief to take over CEO role
Schroders announced the appointment of Richard Oldfield as its new group chief executive on Tuesday, effective from 8 November, pending regulatory approval.
London pre-open: Stocks seen lower as investors mull jobs data
London stocks were set to fall at the open on Tuesday following strong gains at the start of the week, as investors mulled the latest UK jobs data.
Tuesday newspaper round-up: Water bills, iPhones, council tax, Audi factory
Rachel Reeves is being urged by a left-of-centre thinktank to announce changes to capital gains tax, inheritance tax and national insurance in next month’s budget that would raise more than £20bn a year for the Treasury. With the chancellor looking for ways to plug a £22bn hole that she has identified in the public finances, the Resolution Foundation said it was a time-honoured tradition that taxes were raised in the first budget after an election. – Guardian.