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Topps Tiles swings to interim loss in challenging markets
Topps Tiles said on Tuesday that it swung to an interim pre-tax loss as revenue fell in challenging trading conditions.
Regulator probes lack of competition to Visa, Mastercard
The Payment Systems Regulator (PSR) said in an interim report on Tuesday that Mastercard and Visa, the UK’s two dominant payment card schemes, did not face effective competition in the supply of scheme and processing services to acquirers.
US pre-open: Futures little changed following Nasdaq's record close
Wall Street futures were little changed ahead of the bell following the tech-heavy Nasdaq Composite record close in the previous session.
Cazoo reportedly lining up administrators
Cazoo, the online car retailer once valued at over £5bn, looked set to enter administration on Tuesday, according to Sky News.
Europe midday: Heavy falls in Paris and Milan weigh on markets
Europe's Stoxx 600 index declined on Tuesday as heavy falls in Paris and Milan weighed heavily on markets on a relatively quiet day for traders.
IMF upgrades UK growth forecast, warns against tax cuts
The International Monetary Fund (IMF) revised its growth forecast for the UK economy on Tuesday, projecting a “soft landing” with a faster-than-expected recovery following last year's mild recession.
London midday: Stocks stay down as investors eye more Fed speeches
London stocks were still in the red by midday on Tuesday as investors mulled the latest comments from US Federal Reserve officials and looked ahead to more speeches later in the day.
Eurozone construction output inches higher
Construction output in the eurozone rose marginally in March while the previous month's increase was revised significantly lower, according to figures released on Tuesday by Eurostat.
TheWorks FY revenues grow slightly in FY24
Art and craft supplies retailer TheWorks said on Tuesday that revenues had modestly improved in the 53 weeks ended 5 May despite experiencing a slight decline in like-for-like sales.
Shoe Zone cuts full-year profit outlook, shares slide
Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
Capita YTD adjusted revenues fall
Professional services company Capita said on Tuesday that adjusted revenues had fallen in the four months ended 31 April as a result of local public service losses and reduced contract activity in defence and education.
German producer prices fall more than expected
Germany wholesale price deflation accelerated more than expected in April, according to figures released by Destatis, the Federal Statistical Office, on Tuesday.
Greencore shares surge on bright outlook, share buyback
Greencore Group's share price surged on Tuesday morning after the convenience food manufacturer reported a huge jump in first-half profits and launched a share buyback programme as it guided to full-year earnings ahead of market forecasts.
Asia report: Hong Kong leads region-wide losses
Asia-Pacific markets saw broad declines on Tuesday, led by significant losses in Hong Kong amid sharp falls in basic materials and industrial stocks.
Bellway finance director to stand down
Housebuilder Bellway said on Tuesday that group finance director Keith Adey will step down from the role.
Entain to offload Crystalbet after strategic review
Gambling giant Entain announced the end of a strategic review by its capital allocation committee (CapCo) on Tuesday, which assessed its portfolio to optimise shareholder value and leverage operational progress, confirming that it would now look to offload its Georgian brand Crystalbet.
Judges Scientific reports subdued start to year
Scientific instrument specialist Judges Scientific reported a subdued start to the year in an update on Tuesday, but said it was optimistic that it would still meet full-year consensus expectations.
Pennon reports revenue growth amid Brixham water crisis
Embattled water utility Pennon Group reported strong financial and operational results for the 2024 financial year on Tuesday, but worked to reassure shareholders and customers amid a contamination crisis in its supply area.
UK grocery price inflation eases to lowest since October 2021 - Kantar
UK grocery price inflation fell for the fifteenth month in a row in the four weeks to 12 May, to 2. 4%, its lowest level since October 2021, according to data released on Tuesday by Kantar.
Assura reports rent growth, enters £250m joint venture
Specialist healthcare property investor and developer Assura reported a rise in full-year net rental income on Tuesday, along with a strategic £250m joint venture with the Universities Superannuation Scheme (USS).