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Market Pulse
22 Oct
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Berenberg hikes target price on SSE

Analysts at Berenberg hiked their target price on utilities giant SSE from 2,100. 0p to 2,300. 0p on Tuesday, stating the group's quasi-regulated business mix had served it well through the energy market turmoil of recent years.

22 Oct
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Asia report: Most markets follow Wall Street lower

Asia-Pacific markets fell on Tuesday, following a dip in major US indexes during a mixed session on Wall Street.

22 Oct
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Brickability H1 trading in line with management expectations

Construction products group Brickability said on Tuesday that its H1 financial performance was in line with internal expectations.

22 Oct
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Shoe Zone trims full-year profit expectations, shares slide

Shoe Zone slumped on Tuesday as the budget shoe retailer downgraded its full-year profit expectations, reporting a drop in sales and pinning the blame partly on the weather.

22 Oct
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Alphawave IP flags another strong quarter

Alphawave IP reported a robust third-quarter performance on Tuesday, marking the fourth consecutive quarter with bookings exceeding $100m.

22 Oct
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Gear4music makes 'good progress' on growth strategy in H1

Music equipment retailer Gear4music said on Tuesday that it has made "good progress" in executing its growth strategy, with its full-year outlook tracking in line with consensus market expectations.

22 Oct
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Revel Collective confident despite wider full-year losses

Bar and gastropub operator the Revel Collective reported total sales of £149. 5m in its preliminary full-year results on Tuesday, down from £152. 6m in 2023.

22 Oct
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Sosandar H1 losses improve despite revenue drop

Clothing retailer Sosandar said on Tuesday that losses had improved in the six months ended 30 September, despite a fall in H1 revenues.

22 Oct
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Mulberry rejects £111m takeover proposal from Frasers

Mulberry rejected a second takeover proposal from Mike Ashley’s Frasers Group on Tuesday, saying it was "untenable".

22 Oct
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Wickes reiterates FY profit guidance following strong Q3 retail performance

Home improvement retailer Wickes said on Tuesday that its full-year profit outlook remains unchanged following stronger sales and volume growth in its retail unit.

22 Oct
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Halfords sales dip as consumers cautious ahead of Budget

Halfords reported a small dip in sales on Tuesday as it said consumers remained cautious ahead of the Budget.

22 Oct
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Mind Gym flags mixed first half, appoints new finance chief

Human capital and business improvement specialist Mind Gym reported a mixed first-half performance on Tuesday, in line with expectations as it continued its strategic transformation.

22 Oct
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Virgin Wines earnings surge on steady full-year revenue

Virgin Wines UK reported steady full-year revenue in its annual report on Tuesday, at £59m, unchanged from the prior year, while adjusted EBITDA surged 59% to £2. 8m, driven by improved margins and operational efficiencies.

22 Oct
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Morgan Sindall FY profits seen 'significantly ahead' of expectations

Construction firm Morgan Sindall said on Tuesday that full-year profits would now be "significantly ahead" of previous expectations.

22 Oct
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London open: FTSE edges down as borrowing jumps ahead of Budget

London stocks edged lower on Tuesday as investors mulled the latest UK borrowing figures.

22 Oct
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Hunting cuts full-year guidance as oil prices fall

Shares in Hunting were sliding on Tuesday morning, after the company announced it was trimming its full-year guidance amid falling oil prices.

22 Oct
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LPA Group appoints new chief executive

Electronic and electromechanical components and systems specialist LPA Group announced the appointment of Philo Daniel-Tran as its new chief executive officer on Tuesday.

22 Oct
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HSBC appoints new CFO, announces restructure

HSBC announced the appointment of its new chief financial officer on Tuesday, as well as a number of key structural changes aimed at enhancing strategic execution and leadership.

22 Oct
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Government spending third highest on record for September

The government borrowing figure for last month was the third-highest September figure since monthly records began in January 1993, according to data released on Tuesday by the Office for National Statistics.

22 Oct
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InterContinental Hotels Q3 RevPAR rises 1.5%

InterContinental Hotels Group reported a jump in third-quarter room revenue on Tuesday, as good business demand and strength in the US and EMEAA helped to offset a weaker performance in China.