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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.
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.
BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
BP reported a 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.
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.
UK April retail sales hit by wet weather, early Easter - BRC
UK total retail sales fell 4% year on year in the April as wet spring weather deterred shoppers, despite businesses offering hefty discounts in an attempt to entice customers into stores, according to a survey published on Tuesday.