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Trustpilot swings to full-year profit
Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.
Close Brothers shares surge on £400m capital plan
Merchant banking group Close Brothers saw shares surge on Tuesday after it announced a raft of measures – including the suspension of dividends – to strengthen its capital position as it prepares for the conclusion of a regulatory probe into motor finance.
Europe open: Shares slip as investors digest rate moves, await Fed
European shares opened lower on Tuesday as investors digested interest rate decisions from Japan and Australia and cast their eyes to the US as central bankers prepared to start their latest policy meeting.
London open: FTSE nudges up as BoJ hikes rates
London stocks nudged higher in early trade on Tuesday as investors mulled the first rate hike by the Bank of Japan in 17 years and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.
Diversified Energy in $410m US gas acquisition
Oil and gas explorer Diversified Energy posted a rise in earnings despite weaker prices and announced the $410m acquisition of producing reserves in the central region of the US.
Crest Nicholson to fork out up to £15m on more build defects
Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
Unilever announces plans to separate ice cream business
Unilever unveiled its latest move to expedite its growth action plan (GAP) on Tuesday, through the separation of its ice cream business and the introduction of a significant productivity programme.
DFS warns on profits after demand weakens 'significantly'
DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.
Wickes' profits fall less than expected, but challenges remain
DIY and trade home-improvement retailer Wickes beat market forecasts despite a drop in its annual profits, but warned that trading since the start of the year continues to be challenging.
RBA leaves rates unchanged, but warns inflation risks still remain
Australia's central bank left interest rates unchanged on Tuesday, as expected, but governor Michele Bullock warned that inflation remained at high levels.
AstraZeneca to buy US-listed Fusion Phrama for $2bn
AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.
London pre-open: Stocks seen down as BoJ ends negative interest rates
London stocks were set to fall at the open on Tuesday as investors mulled policy announcements from the Bank of Japan and Reserve Bank of Australia, and looked ahead to a key UK inflation reading this week.
Japan lifts rates for first time in 17 years
Japan’s central bank raised interest rates on Tuesday, ending an eight-year policy of keeping them in negative territory in an attempt to boost economic growth.
AstraZeneca to buy Fusion Pharmaceuticals, Diageo names Sir John Manzoni as next chair
London open The FTSE 100 is expected to open 15 points lower on Tuesday, having closed down 0. 06% on Monday at 7,722. 55.
Tuesday newspaper round-up: P&O Ferries, National Grid, Heathrow, Mike Lynch
P&O Ferries, which controversially sacked about 800 workers in 2022, has paid some crew members less than half the UK minimum wage thanks to an ongoing legal loophole the British government promised to close two years ago. Agency workers at the company, which is owned by the Dubai-based DP World, have in some cases been earning about £4. 87 an hour – even lower than the £5. 15 an hour the company suggested was its lowest pay rate – an analysis of recent payslips conducted by the Guardian and ITV News suggests.
Diageo names Sir John Manzoni as next chair
Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.