Market Pulse
More than 1,000 Ford workers to go on strike on Wednesday
More than 1,000 Ford workers will go on strike on Wednesday in a long-running dispute over pay and contract changes.
Sylvania Platinum starts new financial year strongly
Sylvania Platinum reported a strong first quarter on Tuesday, with a 12% quarter-on-quarter increase in platinum group metals (PGM) production from its Sylvania Dump Operations (SDO).
McDonald's tops Q3 forecasts, but international sales narrow
McDonald's reported third-quarter 2024 earnings that surpassed Wall Street expectations on Tuesday, driven by effective US sales strategies, but weighed down by international challenges.
Adidas upbeat after solid third quarter
Adidas reported robust third-quarter earnings on Tuesday, with 10% currency-neutral revenue growth driven by the underlying brand, which rose 14%.
London midday: FTSE touch higher as BP slumps, HSBC rallies
London stocks were just in the black by midday on Tuesday as investors mulled results from BP and HSBC and looked ahead to key US tech earnings and the Budget.
IG Design profits set to improve in H2
Stationery product manufacturing company IG Design said on Tuesday that profits were anticipated to improve in H2.
HSBC's third-quarter profits beat expectations
HSBC announced another $3bn share buyback on Tuesday as it posted better-than-expected third-quarter profits, underpinned by solid performances from the wealth and investment banking units.
Touchstar warns on FY24 profits
Computing solutions and managed services supplier Touchstar warned on Tuesday that its FY24 trading performance was expected to be below expectations.
Foxtons buys two commuter town estate agents for £12.6m
Foxtons said on Tuesday that it has bought two commuter town estate agents - Haslams and Imagine - for £12. 6m.
Mycelx Technologies secures second Middle East REGEN installation project
Clean water and air company Mycelx Technologies has been awarded a project that represents its second REGEN installation at a Middle East producer to treat water produced during enhanced oil recovery production.
Van Elle acquires Scottish piling and drilling business
Engineering contractor Van Elle has acquired Scottish piling and drilling business Albion Drilling for a total consideration of up to £3. 5m.
Weaker sales of key drugs leads to mixed quarter for Novartis
Novartis reported a mixed third quarter on Tuesday, as the pharmaceutical giant lifted its profit outlook for the year but faced disappointing sales in key areas.
Asia report: Most markets follow Wall Street higher
Asia-Pacific markets mostly rose on Tuesday, mirroring Wall Street’s gains as investor optimism about upcoming major tech earnings helped lift sentiment across the region.
Elementis delivers 'improved performance' in Q3
Speciality chemicals business Elementis said on Tuesday that it had delivered an "improved performance" in Q3, with revenue up 2% year-on-year.
RWS returns to growth, currencies still a headwind
RWS Holdings reported a return to growth in the second half of the financial year just ended on Tuesday, supported by a strong performance in its AI-led solutions.
IQE chief executive Americo Lemos steps down
AIM-listed semiconductor firm IQE said on Tuesday that chief executive Americo Lemos has left the company with immediate effect.
Great Portland Estates acquires Fitzrovia property
Property development and investment firm Great Portland Estates has acquired 19/23 Wells Street in Fitzrovia from British Land for £19. 0m.
Serica Energy lowers guidance amid production interruption
Serica Energy reported an interruption in production via the Triton FPSO on Tuesday, following a potential dry gas seal failure identified in the ‘A’ gas compressor on 26 October.
Ultimate Products optimistic after 'resilient' year
Ultimate Products reported a ‘resilient’ financial performance for the year ended 31 July on Tuesday, in line with market expectations despite challenging conditions.
Vertu acquires Burrows Motor Company in £12.5m deal
Vertu Motors announced the acquisition of Burrows Motor Company on Tuesday, expanding its dealership network by nine outlets.