Market Pulse
S&U revenue up, profitability a challenge in first half
Motor and property finance specialist S&U reported a mixed first-half financial performance on Tuesday, after group revenue increased 9% year-on-year to £60. 4m.
China to impose anti-dumping measures on EU brandy, drink stocks slump
Shares of European drinks makers slumped on Tuesday after China said it would impose provisional anti-dumping tariffs on brandy imported from the European Union this week.
Loungers reports slight slowdown in LFL sales growth
Cosy Club owner Loungers reported a slight slowdown in like-for-like sales growth on Tuesday and a jump in revenue.
Ofwat tells water firms to improve immediately after £158m in penalties
Ofwat called on the water sector to significantly improve its performance on Tuesday, after companies fell short of key environmental and service targets, costing the industry £157. 6m in penalties this year.
Motorpoint swings back to profit in first half
Motorpoint Group reported a strong first half in an update on Tuesday, returning to profitability after posting a loss in the same period last year.
London open: Stocks drop after China disappointment; Vistry tanks on profit warning
London stocks fell sharply in early trade on Tuesday as investors were left disappointed by a lack of new stimulus measures from China, and with housebuilder Vistry in freefall after a profit warning.
Vistry shares in freefall after profit warning
Vistry shares were in freefall on Tuesday as the housebuilder warned on profits after underestimating build costs on nine schemes in its Southern Division.
PRS REIT reports strong growth in full-year revenue, profits
PRS REIT reported a strong set of full-year results on Tuesday, driven by solid asset performance and robust rental demand.
Harworth acquires new urban logistics estate in Rotherham
Harworth Group announced the completed acquisition of a newly-developed grade A urban logistics estate, ‘Catalyst’, in Rotherham, South Yorkshire on Tuesday, for £43. 7m.
London pre-open: Stocks seen down after China disappointment
London stocks were set to fall at the open on Tuesday as investors were left disappointed by a lack of new stimulus measures from China.
Tuesday newspaper round-up: Winter blackouts, Selfridges, Richemont
Ticket sales for the Oasis reunion tour helped to increase non-essential spending by British consumers to the highest level this year in September, amid a bumper month for retailers. In a sign of resilience despite a pre-budget hit to consumer confidence, industry figures show retail sales and discretionary spending on entertainment, meals out and little luxuries rose sharply last month. – Guardian.