Comcast said it had bought more than 30% of Sky’s shares to make its £30. 6bn cash bid for the UK broadcaster mandatory.
Chocolatier and cocoa grower Hotel Chocolat on Tuesday reported a jump in first-half profits and set its sights on expansion into Scandinavia, Japan and the US.
Peel Hunt downgraded JD Wetherspoon to ‘hold’ from ‘add’ on Tuesday following recent share price strength.
London stocks nudged a touch higher in early trade on Tuesday as the retail sector was boosted by a guidance upgrade from Next, but gains were limited amid ongoing concerns about the US-China trade conflict.
British American Tobacco has promoted Jack Bowles, currently chief operating officer of its international business, to the role of chief executive, succeeding Nicandro Durante.
AG Barr’s first half profit rose as the maker of Irn-Bru and other soft drinks steered a course through a soft drinks market made unpredictable by extreme weather and the introduction of the sugar tax.
Next raised its guidance for annual profit after the fashion retailer’s trading in August and early September was better than expected.
Glencore will buy back another $1bn of shares, it said on Tuesday as the commodities colossus approached the end of its previous $1bn share buyback.
Card Factory posted a drop in underlying pre-tax profit and like-for-like sales on Tuesday as it took a hit from extreme weather and consumer caution, but overall revenue rose and the retailer announced a special dividend.
Polymetal has been classified as “a leader” in the diversified metals sector by independent environmental, social and governance (ESG) research and ratings firm Sustainalytics, the company announced on Tuesday.
Close Brothers reported a “good performance” for the year ended 31 July in its preliminary results on Tuesday, with a 4% increase in adjusted operating profit to £278. 6m.
Imperial Brands said its tobacco business was enjoying "much stronger" sales in the second half of the year and said it plans to launch its heat-not-burn tobacco product early in 2019.
London stocks were set to edge lower at the open on Tuesday amid ongoing worries about the trade conflict between the US and China.
London open The FTSE 100 is expected to open three points lower on Tuesday, having closed down 0. 42% at 7,458. 41 on Monday.
Theresa May has faced down cabinet critics of her Chequers plan and won backing from ministers to sell it to next week’s Conservative Party conference. The prime minister also secured cabinet agreement yesterday for a new immigration system after Brexit despite objections from Philip Hammond, the chancellor, on how the change should be managed. - The Times.
US stocks finished on a mixed note on Monday, as trade tensions resurfaced after China called off planned trade talks with Washington over the weekend and as fresh tariffs on Chinese imports kick in.
The pound bounced back at the start of the week even after - in what observers said was a challenge to the Prime Minister - Tory rebels published their alternative to her Brexit plan and despite a weak reading on a widely-followed survey of factory sector conditions.
Central Bank of Russia's recent decision to hike rates does not foreshadow that more interest rate hikes lay ahead, analysts at Sova Capital said.
The calendar for regularly-scheduled economic events is exceedingly light on Tuesday, with the main releases expected to be the US Federal Housing Finance Agency and S&P Case-Shiller's home price indices for the month of September.
Stocks on the Continent are seeing some slight selling after China announced at the weekend that it would postpone any further talk with Washington on trade until after the next mid-term elections.