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Taylor Wimpey hails 'good start' to 2024 as market stabilises
UK housebuilder Taylor Wimpey said it has made a solid start to the year with the market continuing to stabilise, with good levels of visitors to selling sites.
Jupiter AUM rises in Q1, but sees £1.6bn in outflows
Jupiter Fund Management reported a rise in group assets under management (AUM) in the first quarter to £52. 6bn, driven by positive market movements of £2bn, but also saw net outflows of £1. 6bn during the period.
UK govt March borrowing comes in higher-than-expected
UK government borrowing was higher than expected in March, producing a budget deficit that was £6. 6bn higher than forecast, official data revealed on Tuesday.
London pre-open: Further gains expected after FTSE 100 closes at record high
UK stocks are expected to test new highs on Tuesday after surging to a new record the previous session, as a tumbling pound gave markets a big lift.
AB Foods lifts FY outlook as interim profits jump
Primark owner Associated British Foods posted a jump in interim profit and revenue on Tuesday as it lifted its full-year profit outlook.
Anglo American revises diamond outlook down, JD Sports buying US retailer Hibbett
London open The FTSE 100 is expected to open 35 points higher on Tuesday, having closed up 1. 62% on Monday at 8,023. 87.
JD Sports buys US-based Hibbett for $1.08bn
JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1. 08bn (£878m).
Tuesday newspaper round-up: P&O Ferries, TikTok, CVC
P&O Ferries seafarers have been told they will benefit from new French legislation that could double their pay, in what appears to be a significant U-turn by the controversial ferry operator. The move comes more than two years after P&O enraged the UK and French governments by sacking 786 workers and then taking advantage of a legal loophole to hire replacements on pay rates of below the minimum wage. – Guardian.