Market Pulse
LondonMetric sells recently-acquired Tesco warehouse in Bolton
LondonMetric Property announced the disposal of a Tesco logistics warehouse in Bolton for £24. 4m on Tuesday, reflecting a net initial yield of 5. 35%.
Public deficit offers no extra room for Chancellor's Budget
UK public sector net borrowing increased more than expected last month, primarily driven by a surge in interest payments on index-linked gilts due to the rise in inflation.
London open: Stocks edge lower amid slew of corporate news; public deficit eyed
London stocks edged lower in early trade on Tuesday as investors sifted through a raft of corporate releases and looked ahead to the latest public sector borrowing figures a day before the Autumn Budget.
US Department of Justice to move against AT&T-Time Warner merger
The proposed acquisition of Time Warner by US telecoms giant AT&T will face a challenge from the Department of Justice on antitrust grounds.
Embattled Bombardier sees good demand for $1bn senior note sale
Embattled multinational aerospace and transportation company Bombardier has successfully issued fresh debt in what some observers appeared to judge as a move to bulk-up its balance sheet.
Telecom Plus sees full-year profits 'slightly ahead' of market expectations
Telecom Plus said on Tuesday that profits for the full year are expected to be "slightly ahead" of current market expectations as it reported a rise in profit and revenue for the first half.
Increased revenue and profit leads Big Yellow to raise occupancy targets
Self-storage firm Big Yellow increased its full-year occupancy targets on Tuesday after posting a rise in both profit and revenue in the six months leading to 30 September.
SIG's new CEO Oldersma to unveil 'step change' growth plan
Building products supplier SIG kept sales growth steady in the third quarter and set out plans to "deliver a step change" in performance in future years.
Aggreko loses power on Argentina, order intake concerns
Aggreko shares tanked on Tuesday as investors focused on disappointing order intake and weakness in Argentina in the temporary power provider's third-quarter results.
Spectris revenue rises, reiterates FY guidance
Spectris posted a rise in revenue on Tuesday as it saw growth in all of its key regions, and reiterated its guidance for the full year.
Kingfisher's sales show signs of improvement, apart from France
Home improvement retailer Kingfisher showed improved like-for-like sales in the third quarter as management kept a lid on earlier disruption from turnaround plans.
Equiniti Group trading in line as Wells Fargo acquisition progresses
Technology outsourcing provider Equiniti Group is trading in line with market expectations for the 2017 financial year, it said on Tuesday.
Sector reorganisation pushes Babcock in first half
Support services group Babcock International said it was “continuing to deliver” in its half-year report on Tuesday, with a £146m increase in underlying revenue to £2. 64bn - a 6% improvement year-on-year.
AO World sees FY earnings at lower end of market views
Online electrical goods retailer AO World said on Tuesday that adjusted earnings for the year are expected to be towards the lower end of market views, as it swung to a loss in the first half.
Melrose warns of ongoing Brush battle and Nortek currency headwinds
Engineering group Melrose Industries said its Nortek subsidiary faces currency headwinds in 2018 and that the market for Brush has been "very difficult".
Ultra Electronics gets 'green light' from CFIUS for Sparton purchase
Ultra Electronics is 'good to go' with its acquisition of US-based Sparton after receiving clearance for the proposed transaction from the US government.
Johnson Matthey optimistic on batteries as profits hit by one-offs
Chemicals group Johnson Matthey said it had made significant strides in developing new car battery materials and said it was confident of hitting full year targets after first-half profits were dented by one-off charges as its restructuring programme began.
Products and trade boost Intertek, while resources sector drags
Inspection, product testing and certification company Intertek Group reported “solid” organic growth, margin accretion and expectations of strong full-year cash in its trading update on Tuesday.
Order intake continues to outstrip last year's level, Halma says
Instrumentation specialist Halma announced a further increase in its dividend payout at the half-year stage as solid top-line growth continued to drop through to the bottom line at a steady pace with order intake since period-end continuing to outpace last year's showing.
BHP Billiton agrees extension for Samarco talks
BHP Billiton said its Samarco joint venture had agreed an extended timeline for negotiating almost $54bn (£41bn) of claims related to devastation caused by a collapsed dam in Brazil.