Market Pulse
Boku swings to operating loss despite 24pc revenue jump
Boku reported a 24% increase in first-half revenue on Tuesday, reaching $47. 3m, driven by higher transaction volumes across its local payment methods.
Asia report: Markets jump as PBoC announces series of easing measures
Stock markets in the Asia-Pacific region were led by a surge in mainland China on Tuesday, marking their best day in over four years.
RS Group ups cash conversion target as it outlines strategy
RS Group said on Tuesday that it had identified around 150 basis points of additional cost efficiencies, which would contribute to achieving its medium-term target of mid-teen operating profit margins.
German business sentiment deteriorates more than expected - Ifo
German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the Ifo Institute.
Berenberg lowers target price on Essentra following unscheduled trading update
Analysts at Berenberg lowered their target price on essential components manufacturer Essentra from 255. 0p to 200. 0p on Tuesday, citing a weak market backdrop.
Revenue rises but earnings fall as HSS Hire removes guidance
HSS Hire Group reported first-half revenue growth of 3. 2% on Tuesday, to £170. 8m, although its earnings fell, and the board withdrew its guidance amid an operational restructure.
NewRiver agrees £147m takeover of Capital & Regional
NewRiver REIT announced a recommended cash and share offer to acquire Capital & Regional on Tuesday, in a deal valued at £147m.
Galliford Try secures SEALR contract with Buckinghamshire Council
Construction company Galliford Try has secured an £88. 9m contract to complete the South East Aylesbury Link Road project on behalf of Buckinghamshire Council.
Zigup maintains forecasts as new vehicle supply improves
Commercial vehicle rental provider Zigup reported significant improvements in new vehicle supply in an update on Tuesday, bolstering its fleet replacement plans amid robust demand for light commercial vehicles (LCVs).
GSK meningococcal vaccine receives EMA recommendation
Pharmaceutical and biotechnology company GSK said on Tuesday that the European Medicine Agency has recommended meningococcal vaccine for use against certain bacteria groups.
Card Factory posts drop in interim profit, shares slide
Card Factory tumbled on Tuesday as it posted a decline in first-half profit, partly due to increases in the national living wage.
3i Group sees 'good overall performance' YTD
Venture capital firm 3i Group said on Tuesday that it had seen a "good overall performance" across both its private equity and infrastructure portfolios so far this year despite trading against a "weak economic backdrop".
SThree maintains expectations amid tough market conditions
STEM recruitment specialist SThree reported an 8% year-on-year decrease in net fees in a third-quarter update on Tuesday, primarily driven by an 8% decline in contract-related revenues, which now constituted 84% of total net fees.
Tui reaffirms full-year earnings guidance
Travel firm TUI reaffirmed its full-year earnings guidance on Tuesday, hailing a "promising" start to Winter 2024/25 as consumers continue to prioritise spending on leisure experiences.
London open: FTSE gains on China stimulus measures
London stocks rose in early trade on Tuesday, with sentiment boosted after China unveiled new stimulus measures.
AG Barr backs FY expectations as interim profits, revenue grow
Irn-Bru maker AG Barr backed its full-year expectations on Tuesday as it posted a rise in interim profit and revenue and lifted its dividend.
London pre-open: Stocks seen higher after China stimulus
London stocks were set to rise at the open on Tuesday, taking their cue from solid sessions in the US and Asia, after China unveiled new stimulus measures.
Tuesday newspaper round-up: Post Office, FCA, pensions watchdog
The Biden administration has proposed new rules that would in effect prohibit Chinese-made vehicles from US roads after a months-long investigation into software and digital connections that could be used to spy on Americans or sabotage the vehicles. The proposed rules come as Chinese automakers become more powerful in global markets, exporting a flood of high-tech vehicles and posing new challenges to western manufacturers, with governments fearing that installed sensors, cameras and software could be used for espionage or other data collection purposes.