Market Pulse
Electric Word swings to profit as it slims down operation
Specialist information business Electric Word posted its audited results for the year to 30 November on Tuesday, with group profit for the year of £9. 2m- swinging from a £2. 3m loss - including a £10. 7m profit from discontinued operations.
Sylvania Platinum earnings triple in first half
Sylvania Platinum posted its interim financial results for the six months to 31 December on Tuesday, with group EBITDA has increasing to $9. 22m from $3. 61m in the first half of the prior year.
London midday: Lower than expected CPI props up stocks
Stocks had recovered from early losses come midday on Tuesday, propped up by lower-than-expected UK CPI data and ahead of a key speech from US central bank chair Janet Yellen scheduled for later in the day.
LiDCO posts extensive trading update
Cardiovascular monitoring company LiDCO Group provided a trading update for the full year to 31 January on Tuesday, with product revenues in the period expected to be up 14% to £6. 76m, with total revenues - including third party products - expected to be up by 8% to £8. 21m.
TUI first quarter losses narrow
TUI’s first quarter loss narrowed as revenue grew as the Anglo-German travel firm said it expected to grow underlying earnings 10% for the full year.
Article 50 unlikely to be triggered at EU summit on 9 March
Britain is unlikely to trigger the two year Brexit negotiating process at the next European Union summit on 9 March, Brexit Secretary David Davis said on Tuesday.
Anglo American chairman John Parker to step down
Anglo American’s chairman, John Parker, plans to step down from the role in 2017 after eight years.
Veltyco finishes year on a high
Online gaming, lottery and financial trading marketing company Veltyco Group provided a trading update for the year to 31 December on Tuesday.
Major car firms urge Trump to reverse Obama fuel regulations
Several of the world's largest car-makers have written a letter to US President Donald Trump, urging him to reevaluate legislation introduced by the Obama administration which will restrict fuel usage by 2025.
SDL appoints Jim Saunders as chief product officer
Language translation technology services company SDL announced on Tuesday that Jim Saunders had been appointed as chief product officer.
Europe midday: Stocks waver on lower than expected eurozone GDP data
European stocks wavered on Tuesday after data showed that the eurozone economy grew less than expected in the final quarter of 2016, while investors were also eyeing US Federal Reserve chair Janet Yellen’s testimony before Congress.
Asia report: Most markets lower ahead of Yellen hearing
Most markets in Asia finished lower on Tuesday, with investors keeping their wallets firmly shut ahead of Federal Reserve chair Janet Yellen’s two-day testimony in front of the US Congress.
RBC Capital thinks Virgin Money consensus is 'too bearish'
RBC Capital Markets has given the previously unrated Virgin Money an 'outperform' along with a 415p price target, as it thinks that consensus estimates are too bearish on the bank's margins, growth and cost of risk.
RWS to buy US life science language provider for $82.5m
Intellectual property support provider RWS Holdings is to buy Luz, a San Francisco-based life sciences language service provider, for $82. 5m, in order to increase its presence in the US.
US preopen: Stocks seen muted as investors await Yellen testimony
US futures pointed to a muted open on Wall Street as investors awaited a speech by Federal Reserve Chair Janet Yellen.
Tuesday broker round-up
Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p.
UK defence spending falls short of NATO minimum, thinktank says
Defence spending in the UK has fallen below the 2% of GDP required by the North Atlantic Treaty Organisation (NATO), according to new research from a thinktank.
German investor sentiment deteriorates more than expected
German investor sentiment deteriorated more than expected in February, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Eurozone industrial production drops more than expected in December
Eurozone industrial production fell more than expected in December, according to the latest data from Eurostat.
Eurozone economy grows less than expected in Q4
The Eurozone economy grew less than initially estimated in the fourth quarter, according to the latest data from Eurostat.