Market Pulse
Tavistock planning to offload two subsidiaries in £38m deal
Tavistock Investments announced the proposed sale of two of its subsidiary businesses, Tavistock Partners Limited (TPL) and Tavistock Estate Planning Services Limited (TEPS), to the Saltus Partnership Holdings on Tuesday, for up to £37. 75m.
UK manufacturing growth slows, business confidence falls
Growth in the UK manufacturing sector slowed in September, while business confidence deteriorated amid concerns about the upcoming Budget and geopolitical tensions.
Empyrean addressing China challenges after mixed year
Oil and gas explorer Empyrean Energy reported progress across its projects in China, Indonesia and the US in its final results on Tuesday, while also addressing challenges that had emerged in its operations.
Asia report: Markets mixed on quiet day for regional trading
Asia-Pacific markets were mixed on Tuesday, with trading impacted by public holidays in a number of key markets, as well as the cautious tone set by US Federal Reserve chair Jerome Powell overnight.
Character Group performs well in FY24 despite 'external challenging conditions'
Toy company Character Group said on Tuesday that whilst the market has continued to experience "external challenging conditions", it continued to "perform well" throughout the year ended 31 August.
Renew ends year ahead of expectations
Infrastructure engineering services group Renew Holdings flagged a stronger-than-expected financial performance for the year ended 30 September in an update on Tuesday.
Iomart acquires Atech Support holding company, H1 profits fall
IT and cloud computing business Iomart has agreed to acquire Atech Support holding company Kookaburra Topco for £57. 0m in what it called a "powerful combination" of secure cloud offerings that marks the "next phase" in the group's evolution.
Revenue falls but profits rise for James Halstead
Commercial flooring specialist James Halstead reported a 9. 4% decline in full-year revenue on Tuesday, to £274. 9m, down from £303. 6m in 2023, due to challenging market conditions.
Roadside Real Estate disposes of Barkby Pubs subsidiary
Roadside retail real estate business Roadside Real Estate said on Tuesday that it has disposed of its Barkby Pub Co subsidiary as it continues to refocus the business.
London open: Stocks nudge up ahead of manufacturing reading
London stocks were just a touch higher in early trade on Tuesday as investors mulled news of Israel’s invasion of Southern Lebanon, and eyed the latest reading on the UK manufacturing sector.
The Works to focus on profitability after fall in full-year earnings
Value bookseller and stationer The Works reported total full-year revenue growth of 0. 9% on Tuesday, to £282. 6m, despite challenging economic conditions.
Peel Hunt reports solid first half but warns of political uncertainties
Peel Hunt reported a strong first-half financial performance on Tuesday, with group revenue rising 25% year-on-year to £53. 3m, up from £42. 7m a year earlier.
Endeavour Mining taps Sonia Scarselli as new VP of exploration
Endeavour Mining announced the appointment of Sonia Scarselli as its executive vice-president of exploration on Tuesday, effective from December.
London pre-open: Stocks seen higher after Monday's losses
London stocks were set to gain on Tuesday following heavy losses in the previous session, as investors digested a speech by Federal Reserve chair Jerome Powell and looked ahead to the latest UK manufacturing reading.
Tuesday newspaper round-up: Tips, eBay, business confidence
Unions fear some restaurants and other businesses may slip through the net of new legislation over the fair distribution of tips and service charges that comes into force in Great Britain on Tuesday. The government said the long-planned changes would mean workers would be in line for about £200m that may otherwise have been retained by employers. Under the new rules 100% of tips – by cash or card – and any service charge levied on customers must be passed on to staff working in restaurants, cafes, hotels, hairdressers or taxi firms.