Market Pulse
Smiths News beats full-year market expectations
Smiths News announced a strong set of full year results on Tuedsay, surpassing market expectations.
London open: FTSE nudges up as investors eye US election
London stocks were just a smidgen higher in early trade on Tuesday, with investors erring on the side of caution as Americans headed to the polls.
Morgan Advanced Materials lowers outlook, launches £40m buyback
Morgan Advanced Materials reported a 3. 8% rise in organic sales for the first nine months of 2024 on Tuesday, driven primarily by strong demand in its performance carbon segment, which saw a 12. 6% increase.
CMA says Vodafone-Three merger could proceed with remedies
The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented significant network investments and customer safeguards.
Schroders Q3 outflows reach £2.3bn despite record AuM
Schroders reported a record high in assets under management on Tuesday, reaching £777. 4bn as of 30 September, although large third-quarter outflows took the shine off the news.
TP ICAP posts record third-quarter revenue
Interdealer broker TP ICAP reported record third-quarter revenue on Tuesday following strong performances in its Global Broking and Liquidnet businesses.
Asos FY losses widen but outlook upbeat
Online fashion retailer Asos reported a widening of its full-year losses on Tuesday as revenue slumped but insisted that things were looking up after two years implementing its transformation plan.
Weir reaffirms guidance after strong third quarter
Weir Group reaffirmed its full-year guidance after reporting a robust third-quarter performance on Tuesday, citing increased demand in both greenfield and brownfield mining projects.
China's services sector grows more than expected - Caixin
Activity in China’s services sector picked up more than expected in October, according to a survey released on Tuesday.
AB Foods FY profits jump, special dividend declared
Primark owner Associated British Foods posted a 33% jump in full-year adjusted pre-tax profit on Tuesday, with revenue growth in both the retail and food businesses, as it announced a special dividend.
London pre-open: Stocks seen lower as Americans head to the polls
London stocks were set to fall at the open on Tuesday as Americans headed to the polls.
Tuesday newspaper round-up: Oasis fans, house prices, Future
The $1m-a-day voter sweepstakes that Elon Musk’s political action committee is hosting in swing states can continue through Tuesday’s presidential election, a Pennsylvania judge ruled on Monday. The common pleas court judge Angelo Foglietta – ruling after Musk’s lawyers said the winners are not chosen by chance – did not immediately give a reason for the ruling. – Guardian.