Market Pulse
Asia report: Markets rise after Wall Street tech rally
Asia-Pacific markets posted gains on Tuesday as investors evaluated comments from Chinese policymakers at an investment summit in Hong Kong.
Revolution Beauty swings to loss as revenue slides
Revolution Beauty said on Tuesday that it swung to a loss in the first half as revenue slumped but also hailed good progress with its cost savings programme.
Mulberry to 'streamline operations' as losses widen
Luxury handbag maker Mulberry said on Tuesday that it was taking steps to "streamline operations" as it reported a 19% drop in first-half revenue and a widening of its losses, pointing to a "difficult" trading environment.
Avon Technologies reports solid set of preliminary results
Avon Technologies reported a robust set of preliminary results on Tuesday, with received orders surging 40. 9% year-on-year to $364. 4m, driving a record closing order book of $225. 2m, up 65. 8%, and providing strong visibility into the 2025 financial year and beyond.
Victoria offloads Turkish subsidiary Graniser in £31m deal
Flooring specialist Victoria announced the sale of its Turkish ceramic tile subsidiary Graniser on Tuesday, for total consideration of €36. 8m (£30. 9m).
Genuit YTD revenues down amid 'subdued' conditions
Plastic piping manufacturer Genuit said on Tuesday that it has delivered a "resilient performance" year-to-date, despite operating in "subdued market conditions".
Nestle takes wraps off CHF 2.5bn cost-cutting plan
Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive Laurent Freixe charted a turnaround strategy for the world’s largest food company.
GSK's linerixibat meets primary endpoint
Drugmaker GSK said on Tuesday that its linerixibat candidate had shown "positive" Phase III results in cholestatic pruritus in primary biliary cholangitis.
Diploma revenue, profits rise amid 'tougher environment'
Controls, seals, and life sciences distributor Diploma reported a 14% rise in revenue in its preliminary results on Tuesday, to £1. 36bn, as adjusted operating profit increased 20% to £285m.
London open: Imperial Brands leads gains after results
London stocks rose in early trade on Tuesday, with Imperial Brands leading the gains after well-received results.
Petershill Partners reports solid third-quarter performance
Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.
Thyssenkrupp writes down EUR 1bn from steel business
Thyssenkrupp announced a €1bn writedown on its steel division on Tuesday, as the company navigated a costly transition to low-carbon production.
Vesuvius confident despite weaker market conditions
Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels on a constant currency basis, maintaining a return on sales margin of around 10. 2%.
Bodycote sees FY operating profit in line despite 'challenging' end markets
Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets".
London pre-open: Stocks seen up on positive US, Asian cues
London stocks were set to gain at the open on Tuesday following a positive session in Asia and a mostly higher close on Wall Street.
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank’s founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff – many of whom were in the office only one or two days a week, or on an ad-hoc basis – to travel to work for a minimum of 10 days each month.