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Asia report: Stocks slide amid fresh geopolitical fears
Asia-Pacific markets experienced a significant downturn across the board on Tuesday, influenced by global geopolitical concerns and robust economic data from China.
System1 revenues grow YOY
Software group System1 said on Tuesday that revenues had grown year-on-year, buoyed by the successful launch of its TYA Pro+ offering and strong platform revenue growth in the US.
International Paper to snap up DS Smith in £7.8bn deal
International Paper has agreed to buy British rival DS Smith in a £7. 8bn all-share deal, it was confirmed on Tuesday.
Eleco acquires Vertical Digital companies
Software provider Eleco has acquired the Vertical Digital group of companies in a deal worth as much as €1. 55m.
Marks Electrical delivers record FY revenues
Electrical retailer Marks Electrical Group said on Tuesday that it had delivered record full-year revenues in the 12 months ended 31 March, driven by increased market share.
Dr Martens shares plunge 30% as CEO goes amid bleak profit outlook
Dr Martens shares slumped by a third on Tuesday as the UK bootmaker said chief executive Kenny Wilson would step down and issued another profit warning for the current financial year amid continuing woes in its key US market.
China registers best-ever quarter for air passenger numbers
The number of air travellers in China surged to above pre-pandemic levels in the first quarter of 2024, according to the Civil Aviation Administration of China on Tuesday.
Ninety One assets under management slip year-on-year
Global investment manager Ninety One said in an update on Tuesday that its assets under management amounted to £126bn as of 31 March.
Superdry to quit stock market in far-reaching restructuring
Superdry is to delist from the London Stock Exchange as part of a far-reaching restructuring plan, the struggling retailer confirmed on Tuesday.
Hollywood Bowl revenue reaches record in first half
Hollywood Bowl reported a record first-half revenue of £119. 2m in a trading update on Tuesday, making for an 8. 1% increase year-on-year.
GSK meningococcal vaccine accepted by US FDA for review
GSK announced on Tuesday that its five-in-one meningococcal ABCWY (MenABCWY) vaccine candidate had been accepted for regulatory review by the US Food and Drug Administration (FDA).
B&M flags decent group-wide revenue growth
Discount retailer B&M reported growth in revenue across its fascias in a full-year update on Tuesday, with B&M UK achieving £4. 41bn, marking a 4% increase.
Europe open: Shares slump on Middle-East tensions, Wall Street
European shares opened sharply lower on Tuesday after hefty losses on Wall Street as investors waited for Israel's response to a missile attack by Iran on Saturday.
Auction Technology revenue rises as it adjusts margin forecasts
Online marketplace operator Auction Technology Group reported a 6% improvement in first-half revenue in an update on Tuesday, to $86m, as it narrowed its full-year margin guidance.
Oxford Instruments ends year in line with expectations
Scientific technology specialist Oxford Instruments said in an update on Tuesday that trading in the financial year just ended was in line with expectations, with positive momentum in revenue growth.
Wise continues to see strong uptake for services in Q4
Global payments technology company Wise continued to enjoy a strong uptake for its services during the last quarter of its fiscal year.
Hays net fees fall amid tough global recruiting market
Global recruiter Hays reported a fall in net fees in a challenging third quarter on Tuesday, down 17% in total year-on-year, and 14% lower on a like-for-like basis.
Plus500 tracks ahead of expectations in first quarter
Plus500 reported a solid first-quarter performance in an update on Tuesday, with the company tracking ahead of market expectations for the 2024 financial year.
London open: Stocks hit four-week low on mixed data, Middle East tensions
London stocks dropped to a four-week low on Tuesday morning as mixed economic data from the UK and China, along with rising tensions in the Middle East, hammered investors' appetite for risk.
QinetiQ ends year in line with forecasts, finance chief departs
QinetiQ Group reported a good operational performance in the final quarter of its financial year on Tuesday, in line with market expectations.