Market Report
Europe midday: Stoxx shrugs off AI meltdown to hit record high
European stocks shrugged off the tech-stock meltdown overnight and hit record intra-day highs on Tuesday after China's DeepSeek frightened the life out of investors with its announcement of a free artificial intelligence model to challenge bigger rivals.
Big Technologies maintains expectations, confident in return to growth
Remote people monitoring specialist Big Technologies confirmed in an update on Tuesday that it was on track to meet market expectations for 2024, despite a revenue dip attributed to the loss of a Colombian customer earlier in the year.
Idox reports strong set of full-year results
Specialist information management software and geospatial data company Idox announced a robust set of results for the year ended 31 October on Tuesday, with revenue increasing 20% to £87. 6m, driven primarily by its land, property and public protection (LPPP) division.
Accesso maintains revenue expectations, lifts margin outlook
Leisure, entertainment and cultural sector technology specialist Accesso Technology Group said in an update on Tuesday that it expected full-year revenue to align with its August guidance, reaching around $152m.
Asia report: Tech stocks fall amid global AI rout
Asia-Pacific markets showed a mixed performance on Tuesday as investor sentiment wavered following a sharp sell-off in US tech shares overnight.
Franchise Brands FY adjusted EBITDA seen 'very marginally below' consensus
Multi-brand franchise business Franchise Brands said on Tuesday that FY24 saw "resilient underlying demand" for its services, resulting in system sales in all key divisions, despite "challenging macroeconomic conditions" in several key markets.
RBC Capital hikes Burberry price target after Q3 update
RBC Capital Markets lifted its price target on Burberry on Tuesday to 1,300p from 1,000p as it upped estimates after the third-quarter trading update.
Capricorn Energy reports solid full-year production
Capricorn Energy reported robust production from its Egyptian assets in an update on Tuesday, as well as progress on exploration commitments, and ongoing tax and contingent payment disputes.
GPE signs three leases at Farringdon managed scheme 'SIX'
Great Portland Estates announced on Tuesday it has let over 11,300 square feet of office space at its recently-refurbished fully managed scheme at 6 St Andrew Street, EC4, known as SIX.
Foxtons outperforms market as FY profit, revenue ahead of expectations
Estate agent Foxtons said on Tuesday that revenue and adjusted operating profit for the year to the end of December 2024 were set to be ahead of market expectations after "another year of significant earnings growth".
Smiths Group hit by cyber security incident
Engineering firm Smiths Group said on Tuesday that it had been hit by a cyber security incident.
Berenberg lowers target price on Renew
Analysts at Berenberg lowered their target price on engineering services firm Renew Holdings from 1,350. 0p to 1,200. 0p on Tuesday following the company’s recent trading update.
Lords Group warns on FY24 profits despite solid Q4 performance
Building materials distributor Lords Group warned on Tuesday that adjusted underlying earnings would fall short of FY24 expectations after revenues slipped throughout the year.
Wickes delivers continued sales growth in H2
Home improvement retailer Wickes Group said on Tuesday that it had delivered continued sales and volume growth in retail during H2 despite “challenging market conditions”.
Europe open: Stoxx up despite meltdown after DeepSeek's AI claim
European stocks shrugged off the tech-stock meltdown overnight and opened higher on Tuesday after China’s DeepSeek frightened the life out of investors with its announcement of a free artificial intelligence model to challenge bigger rivals.
Computacenter delivers 'record H2 performance'
Computer services business Computacenter said on Tuesday that it had delivered a “record H2 performance” as major customer numbers also hit an all-time high.
Halfords lifts FY profit expectations, shares surge
Halfords surged on Tuesday as it lifted its full-year profit expectations, having traded well over the peak period.
Zimmermann takes up permanent role as Molten Ventures CFO
Molten Ventures confirmed the appointment of Andrew Zimmermann as its chief financial officer on Tuesday, effective immediately.
Pets at Home Q3 revenues dip amid retail weakness
Pets at Home backed its full-year guidance on Tuesday but reported a dip in third-quarter revenue as it pointed to a softer performance from its retail business.
AstraZeneca's Enhertu gets new US approval, Segro JV buys six logistics assets
London open The FTSE 100 is expected to open 20 points higher on Tuesday, having closed up 0. 02% on Monday at 8,503. 71.