Market Pulse
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.
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.
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.
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.
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.
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.
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.
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.
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".
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.