US pre-open: Stocks to rise amid cautious optimism over debt deal
US stock futures pointed to a positive open on Tuesday amid cautious optimism that a debt default will be avoided after lawmakers agreed a tentative deal over the weekend.
Europe midday: Shares edge ahead despite caution over US debt deal
European stock markets crept above the flatline on Tuesday, as investors stayed cautious on the US debt ceiling deal struck over the weekend.
London midday: Stocks stay down amid US debt deal doubts
London stocks were still in the red by midday on Tuesday amid continued uncertainty over whether a US debt default will be averted, and as data showed that shop price inflation in the UK edged higher in May.
Rhone offers to buy 20% stake in RHI Magnesita, shares surge
RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
Hunting shares soar as FY guidance lifted on new £91m order
Shares in Hunting surged on Tuesday as the international energy services group lifted guidance for 2023 after winning a new contract worth up to £91m with Cairn Oil and Gas, Vedanta.
EZ economic sentiment falls more than expected in May
Business and consumer confidence in the Eurozone fell more than expected in May, suggesting that any economic recovery may be stalling.
Hollywood Bowl hails record H1 revenues; Canada ahead of expectations
Hollywood Bowl posted a jump in interim profits on Tuesday amid record revenue, as it said its Canadian business was performing ahead of expectations.
Berenberg lifts Hollywood Bowl price target after 'impressive' results
Berenberg lifted its price target on Hollywood Bowl on Tuesday to 370p from 360p following an "impressive" set of interim results.
Cryptos try to find direction while keeping the Fed in focus
Sentiment has been tempered in the cryptocurrency market. Bitcoin (BTC) falls 0. 4% in the last 24 hours and stands at $27,800, while Ethereum (ETH) is trading virtually flat and holding the $1,900 level.
Hochschild CEO Bustamente to step down in August
Hochschild Mining said on Tuesday that Ignacio Bustamante plans to step down as chief executive officer on 26 August to relocate to London and assume a new role at another company.
Greencore trading in line as first-half profit falls
Convenience food manufacturer Greencore reported a 20. 1% increase in group revenue in its first half on Tuesday, reaching £925. 8m.
RBC Capital downgrades Dr Martens, slashes price target
RBC Capital Markets downgraded shares of iconic bootmaker Dr Martens on Tuesday to ‘sector perform’ from ‘outperform’ and slashed the price target to 180p from 230p as it said FY24 guidance may prove too optimistic.
Asda to buy EG Group's UK & Ireland operations in £2.3bn deal
Asda Group said on Tuesday that it has agreed to buy petrol station operator EG Group’s UK and Ireland operations in a £2. 27bn deal.
Europe open: Shares slip as investors stay wary on US debt deal
European stock markets opened slightly lower Tuesday, as investors stayed cautious on the US debt ceiling deal struck over the weekend.
London open: Stocks edge down amid US debt deal uncertainty
London stocks fell in early trade on Tuesday amid continued uncertainty over whether a US debt default will be averted, and as data showed that shop price inflation edged higher in May.
Hiscox appoints Jonathan Bloomer as chair designate
Insurer Hiscox said on Tuesday that Jonathan Bloomer has been appointed as chair designate, succeeding Robert Childs, who will retire on 1 July.
Softcat performs well in April quarter, Unilever CFO announces retirement plans
London open The FTSE 100 is expected to open eight points higher on Tuesday, having closed up 0. 74% at 7,627,20 before the long weekend on Friday.
Unilever CFO Pitkethly to retire next year
Unilever announced on Tuesday that chief financial officer Graeme Pitkethly plans to retire by the end of May 2024.
Softcat sees FY earnings in line
IT infrastructure technology and services provider Softcat said it expected full-year trading to be in line with expectations after performing well in the three months to April 30.
London pre-open: Stocks seen muted amid US debt deal hopes
London stocks were set for a muted open on Tuesday as traders return to their desks after the long weekend, amid hopes of a US debt deal.