Market Report
Footasylum warns over FY earnings, margin after heavy discounting
Streetwear and sportswear retailer Footasylum warned on Tuesday that earnings would be towards the lower end of analysts’ forecasts, while gross margin will be lower than current market expectations following heavy discounting over Christmas.
Weaker trading environments see SIG revenues fall
Specialist building materials supplier SIG updated the market on its trading for the year ended 31 December on Tuesday, reporting that despite “challenging” market conditions and lower trading revenues in the second half of the year, particularly in December, its transformation continued to progress at pace.
Takeda takes control of Shire
Takeda Pharmaceutical has taken full control of Shire after the legal particulars of its cash and share offer were completed.
Morrisons sees stronger-than-expected Christmas sales, Greene King cheers festive numbers
London open The FTSE 100 is expected to open nine points higher on Tuesday, having closed down 0. 39% at 6,810. 88 on Monday.
London pre-open: Stocks to rise on positive US and Asian cues
London stocks looked set to gain at the open on Tuesday following positive US and Asian sessions, amid signs of improving trade relations between the US and China.
Tuesday newspaper round-up: Housing, Barclays, Samsung, China-US talks
England must launch the biggest council and social house building drive in its history to rescue millions of people from a future in dangerous, overcrowded or unsuitable homes, a cross-party commission has told the government. More than 3m new social homes are needed in the next 20 years, more than were built in the two decades after the end of the second world war, according to a year-long housing commission launched in the wake of the Grenfell Tower disaster. Its commissioners include the former Conservative party chair, Sayeeda Warsi, the former Labour leader Ed Miliband and the former Conservative Treasury minister and Goldman Sachs chief economist Lord Jim O’Neill.