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RBC cuts Watches of Switzerland estimates on tough market dynamics
RBC Capital Markets has slashed its target price for Watches of Switzerland Group ahead of its full-year trading update next month, projecting a "tough" luxury watch market.
Baron Oil replaces chairman
Exploration firm Baron Oil said on Tuesday the chairman John Wakefield has stepped down from the board as it made a series of changes to its governing structure.
Getech wins new contract with East Star
Subsurface resources location company Getech has won a new contract with Kazakhstan-focussed copper exploration business East Star Resources.
AB Foods lifts FY outlook as interim profits jump
Primark owner Associated British Foods posted a jump in interim profit and revenue on Tuesday as it lifted its full-year profit outlook.
Jefferies upgrades Reckitt Benckiser to ‘hold’
Jefferies upgraded Reckitt Benckiser to ‘hold’ from ‘underperform’ on Tuesday and lifted the price target to 4,400p from 4,100p.
UK private sector output expands, cost pressures loom
Britain’s private sector saw robust expansion in April, according to fresh data on Tuesday, marking the sixth consecutive month of growth.
Renault's Q1 revenues held back by FX movements
French carmaker Renault beat forecasts with its first-quarter results, though shares fell as sales from the automotive division were held back by currency movements.
Expanded use of Cosentyx drug sees Novartis raise expectations
Swiss pharmaceutical giant Novartis raised its full-year guidance Tuesday after beating expectations in its first quarter.
Accesso launches ticketing suite in UK market
Accesso Technology Group launched its ‘Accesso ShoWare’ software-as-a-service (SaaS) ticketing suite to the UK market on Tuesday.
GB Group makes 'strong finish' to FY24
Software firm GB Group said on Tuesday that it had made a "strong finish to the year", with adjusted operating profits coming in above expectations.
Eurozone business activity grows at fastest rate for a nearly a year
Business activity in the eurozone grew at the fastest pace for nearly a year in April, according to preliminary data released on Tuesday.
Ferrexpo production levels surge in Q1
Iron ore pellets producer Ferrexpo said on Tuesday that production levels had significantly increased during the three months ended 31 March despite experiencing more conscriptions from its workforce throughout the quarter.
Asia report: Stocks mixed as investors digest regional data
Asia-Pacific markets concluded trading with a mixed bag of outcomes on Tuesday, as some regions extended their gains from the previous day, buoyed by a resurgence in tech stocks on Wall Street.
AB Dynamics reports solid first-half growth
Transport testing, simulation and measurement specialist AB Dynamics reported an 8% increase in first-half revenue on Tuesday, to £52. 3m.
RWS Holdings flags fall in first-half revenue
Language, content and intellectual property technology firm RWS Holdings reported a 2% decline in organic constant currency revenue in a first-half trading update on Tuesday, showing an improving trend compared to the prior year.
London open: Retail stocks continue to lift FTSE 100 to new heights
UK stocks rose to another record high on Tuesday morning, rising for the fifth straight day, helped by a falling pound and another strong performance from retail stocks.
Shoppers clamber for deals as grocery inflation slows further
UK households collectively saved £1. 3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
UK govt's tax cut plans hit as March borrowing comes in higher-than-expected
UK government borrowing overshot forecasts in March, producing a budget deficit that was £6. 6bn higher than expected, official data revealed on Tuesday, damaging plans for a pre-election tax cut by Finance Minister Jeremy Hunt.
German private sector returns to growth, April composite PMI shows
Germany's private sector beat expectations and showed a surprise return to growth in April, according to flash estimates from a widely-read survey on Tuesday.
Alphawave IP meets reduced guidance with 2023 results
Connectivity solutions group Alphawave IP has said that trading has got off to a good start in 2024 as it delivered full-year results in line with recently reduced guidance following a profit warning last week.