Market Report
Berenberg raises target price on Hollywood Bowl following record FY performance
Analysts at Berenberg slightly raised their target price on bowling centres operator Hollywood Bowl from 420. 0p to 440. 0p on Tuesday following the group's "solid" FY24 earnings and "upbeat" FY25 guidance.
Europe open: Shares slide ahead of Fed rate meeting
European shares opened lower on Tuesday as all eyes turned to the start of the US Federal Reserve’s two-day policy meeting, with expectations of a 25-basis point cut in rates.
GlobalData inks deal to acquire Celent
GlobalData announced on Tuesday that it has signed an agreement to acquire Celent, a research and advisory firm within Marsh McLennan's Oliver Wyman Group, as part of its ongoing merger and acquisition strategy.
Europe midday: Shares in red as traders wait for Fed; Bunzl slides
European shares were lower on Tuesday as all eyes turned to the start of the US Federal Reserve’s two-day policy meeting, with expectations of a 25-basis point cut in rates.
German business sentiment unexpectedly improves in December - ZEW
German business sentiment unexpectedly improved in December, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Tullow Oil tumbles as Kosmos walks away
Tullow Oil tumbled on Tuesday after Kosmos Energy said it does not plan to make an offer for the oil and gas exploration company.
Asia report: Most markets fall as China prepares to raise budget deficit
Asia-Pacific markets closed mixed on Tuesday as investors awaited the US Federal Reserve's interest rate decision and assessed developments in China's fiscal policy.
European Green Transition reports encouraging drilling results from Olserum
European Green Transition announced encouraging final results on Tuesday from its drilling programme at the Olserum Rare Earth Element (REE) project in Sweden.
Goodwin H1 profits surge on nuclear and naval contract wins
Engineering and manufacturing firm Goodwin said on Tuesday that interim pre-tax profits had surged as a result of the successful execution of contracts in the nuclear and naval sectors.
Enquest strikes Seligi field partnership agreement
Exploration and production firm Enquest said on Tuesday that it has been awarded an agreement to develop approximately 155. 0bn standard cubic feet of additional Seligi field gas resources, with a 50% equity share.
FRP Advisory Group in line with expectations after first half
FRP Advisory Group reported a strong first half on Tuesday, with revenue rising 32% to £77. 6m, supported by organic growth and acquisitions.
Thames Water seeks High Court approval for £3bn emergency loan
Thames Water, the UK's largest water utility, is seeking High Court approval for a £3bn emergency loan to avert a cash crisis that could see the company run out of funds by March.
UBS upgrades LSEG to ‘buy’ from ‘neutral’
UBS upgraded its stance on LSEG on Tuesday to ‘buy’ from ‘neutral’ and lifted the price target 17% to 13,500p.
Gulf Marine Services lifts profit outlook for 2025
Gulf Marine Services has revealed that 2024 profits are likely to be at the upper end of guidance and pointed to further growth in 2025 on the back of strong demand for its vessels this year.
German business sentiment deteriorates in December - Ifo
German business sentiment deteriorated in December, according to a survey released on Tuesday by the Ifo Institute.
Indivior makes board changes after move to Nasdaq
Indivior announced changes to its board of directors on Tuesday, following discussions with Oaktree Capital Management, which advises funds holding a stake in the company.
Capricorn Energy to receive $50m contingent payment from Woodside Energy
Oil and gas firm Capricorn Energy said on Tuesday that Woodside Energy will pay $50. 0m for its operating stake in the Sangomar field offshore Senegal.
Land Securities acquires majority stake in Liverpool ONE
Commercial property business Land Securities has acquired a 92% stake in Liverpool ONE from the Abu Dhabi Investment Authority and Grosvenor for a total consideration of £490. 0m.
Bunzl shares slide as it flags flat underlying revenue
Specialist international distribution and service provider Bunzl said in an update on Tuesday that it expected full-year revenue for 2024 to rise about 3% at constant exchange rates, driven by acquisitions, although underlying revenue would see a small decline.
London open: Stocks fall as investors mull jobs data
London stocks fell in early trade on Tuesday as the latest UK jobs data made it more likely the Bank of England will hold rates this week.