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US pre-open: Stocks seen broadly flat; central bankers in focus
US futures pointed to a muted open on Wall Street on Tuesday as investors continued to watch out for earnings releases and any news on corporate tax reforms.
London midday: Stocks cling on to positive territory as inflation holds steady
London stocks were clinging on to positive territory by midday on Tuesday as the pound weakened after data showed inflation unexpectedly held steady in October.
Vietnam Holding Asset Management sells stake in Traphaco
Value-investor Vietnam Holding Asset Management (VNH) "successfully" divested its stake in Traphaco Joint Stock Company, a leading pharmaceutical firm, the outfit announced on Tuesday.
TP Group awarded £770,000 contract
An overseas government agency has awarded a £770,000 contract to TP Group, the specialist services and engineering group, for work on a classified atmosphere management project.
Romania's Brazi power plant available at 100% capacity, OMV Petrom says
The Brazi power plant of OMV Petrom, the largest private investment project in Romania's energy sector, is said to be currently available at 100% of its 86MW capacity.
Inspiration Healthcare announces official launch of LifeStart neonatal resuscitation unit
Inspiration Healthcare Group has announced today the official launch of its enhanced LifeStart neonatal resuscitation unit at MEDICA, the world's leading trade fair for the medical industry taking place in Duesseldorf.
Intermediate Capital AuM rise 14% in first half
Asset manager Intermediate Capital reported a 14% jump in assets for the first half on Tuesday as it raised €5. 7bn of new money.
Picton nearly doubles first half profits
Guernsey-based investment firm Picton Property Income almost doubled its profit after tax in the first half of its trading year, increasing its net asset value 5% in the process.
Redefine International morphing into RDI REIT
Redefine International announced on Tuesday that, as of 1 December, it will change its name and rebranding to RDI REIT.
Chinese economy continues to cool-off in October
China's economy slowed further in October with economists eyeing scope for further cooling ahead.
Polypipe 'on track' to achieve management expectations for full-year
Plastic piping manufacturer Polypipe reported strong organic growth across UK residential and mainland European markets in the ten months to 31 October, putting the firm on track towards management expectations for its full year.
B&M sees continued revenue improvement as estate expands
B&M European Value Retail reported a 21. 7% improvement in group revenues to £1. 35bn in its half-year results on Tuesday - a 21% rise at constant currencies.
FirstGroup boosted by new South Western Railway franchise
Passenger transport operator FirstGroup updated the market on its overall trading in the first half on Tuesday, saying it was “consistent” with plans it outlined at start of the financial year with “strong” cash performance in addition to inflows from the recent start of its South Western Railway joint venture.
Theresa May launches attack on Russian election 'meddling'
UK Prime Minister Theresa May has launched major criticism towards Russian president Vladimir Putin and the Kremlin for meddling in elections and its role in spreading 'fake news'.
UBM leaves expectations unchanged despite fashion and pharma 'softness'
Events and business information provider UBM updated the market for the current financial year to date on Tuesday, reporting that trading since the half year has been “strong” with the group on track to deliver “significantly accelerated” adjusted underlying revenue growth in annual events for the full year, of at least the Global B2B Exhibitions Industry average.
UK inflation holds steady at five-year high
UK consumer price inflation has unexpectedly held steady at its five-year high, confounding predictions from the Bank of England.
Europe open: Weak China data, stronger euro exert drag on shares
European stocks are trading sightly lower with weaker-than-forecast Chinese economic data again a key factor together with strength in the euro following a bumper report on German growth in the third quarter.
Electrocomponents growth accelerates after bumper first half
Electrocomponents reported a 16. 6% reported improvement in revenue in its first half on Tuesday, to £823. 8m, or 13. 3% on an underlying basis, as its gross margin rose 0. 6 percentage points to 43. 4%.
Higher material costs offset bumper steel market for Vesuvius
Molten metal flow engineering company Vesuvius updated the market on its trading for the period from 1 July to 30 September on Tuesday, reporting that since its half year results in July, global steel production growth has exceeded its expectations and overall sales growth has continued to outperform the global steel market.