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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.
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.
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 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.
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.
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.
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.
More prospective house sellers are returning to the UK’s property market, pushing agreed home sales to their highest point of the year in May, according to Zoopla, although it warned that the rebound in activity could be knocked by rising mortgage rates. House prices have fallen by 1. 3% nationally over the past six months, the property website found, but the speed of price falls has been decreasing as buyer confidence slowly improves. – Guardian.
Business optimism across the UK service sector held up in May, a closely-watched industry survey showed on Tuesday, despite ongoing pressure on both costs and profits.
