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BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and “significantly weaker” fuels margins as it also started a $1. 75bn share buyback.
Kosmos Energy Q1 net production grows
US oil firm Kosmos Energy said on Tuesday that net production had grown in Q1 as it had "an active start to the year", continuing operational and financial momentum seen in 2023.
Zalando returns to growth, shares spark
Zalando reiterated its full-year outlook on Tuesday after the German online-only retailer posted an uptick in first-quarter volumes and swung back into the back.
UBS reports first profit since Credit Suisse takeover
Swiss banking giant UBS announced its first quarterly profit since its takeover of Credit Suisse on Tuesday, sending its shares northward.
Asia report: Markets mixed as Australia stands pat on interest rates
Stock markets in the Asia-Pacific region finished in a mixed state on Tuesday, influenced by hopes for a potential interest rate cut by the US Federal Reserve.
IWG maintains FY guidance, mulls US listing
Flexible workspace provider IWG maintained its full-year guidance on Tuesday as it considers a US listing amid continuing margin growth and network expansion during Q1.
UK construction sector expands at fastest pace in more than a year
The UK construction sector expanded in April at its fastest pace in more than a year, according to a survey released on Tuesday.
First-quarter income slides at Saudi Aramco
Oil giant Saudi Aramco has reiterated plans to pay out more than $120bn in dividends this year, despite a slide in first-quarter income.
London open: Stocks rally as investors mull retail sales, house prices
London stocks rallied in early trade on Tuesday following solid gains on Wall Street and in Asia, as investors mulled the latest data on house prices and retail sales.
Europe open: Shares in strong start as UBS shines on return to profit
European markets made a bright start to Tuesday amid more earnings reports with UBS shares up on strong first-quarter results.
Three firms fined, sanctioned over LCF audits
The Financial Reporting Council (FRC) imposed sanctions on three audit firms on Tuesday, following an investigation into their audits of London Capital & Finance (LCF).
Ferrexpo reports rise in volumes amid Ukraine legal case
Ferrexpo reported a notable rise in production and sales volumes for the first quarter at its Ukraine subsidiary, Ferrexpo Poltava Mining (FPM), on Tuesday.
German exports rise 0.9% in March; Factory orders fall
Germany on Tuesday reported an unexpected 0. 9% rise in exports in March compared with the previous month, according to official data.
Weak customer demand dents Macfarlane Q1 profits, sales
Macfarlane slumped on Tuesday as the packaging supplier backed its full-year expectations but said sales and profits in the first quarter were below the same period a year earlier amid weak customer demand.
House prices return to growth in April - Halifax
UK house prices returned to growth in April, with the housing market "finding its feet in an era of higher interest rates", according to data released on Tuesday by Halifax.
Apax IX Fund offloads stake in Healthium
An affiliate of the Apax IX Fund, in which Apax Global Alpha is a limited partner, has sold its controlling interest in Healthium MedTech, an India-based medical devices firm.
London pre-open: FTSE called higher after solid European, US sessions
London stocks were set to rise at the open on Tuesday as investors play catch up following positive sessions in Europe and the US on Monday.
RBA leaves rates unchanged despite slow inflation fall
Australia's central bank left interest rates unchanged on Tuesday despite a slower-than-expected fall in inflation.
BP first-quarter profits fall, Ferrexpo reports rise in Ukraine volumes
London open The FTSE 100 is expected to open 31 points higher on Tuesday, having closed up 0. 51% before the long weekend on Friday at 8,213. 49.
Tuesday newspaper round-up: House prices, employers, Wayve
Universal Music Group could become the latest company to face an embarrassing shareholder revolt this AGM season, after an influential advisory firm urged investors to reject an “excessive” €139m (£119m) payout for its chief executive, Lucian Grainge. Glass Lewis said it had “severe reservations” about supporting the Dutch-American music company’s pay decisions, which included a €92m share-based bonus for its British-born CEO that easily made up for a 51% cut in his salary, to €7.