Market Report
Vodafone revenues fall but profits strengthen in first half
Vodafone reported a 4. 1% fall in group total revenue to €23. 1bn in its first half on Tuesday, which it said was primarily due to the deconsolidation of Vodafone Netherlands and foreign exchange movements.
London pre-open: Stocks seen lower ahead of inflation figures
London stocks were set to edge lower at the open on Tuesday as investors eyed some key inflation data.
Smiths Group first quarter revenue drops on order timing
Diversified engineer Smiths Group reported a drop in revenue for the first quarter on Tuesday but reiterated its expectations for the full year.
Tuesday newspaper round-up: UK pay, immigration, Brexit, fracking, fake news
The average pay packet in Britain in five years’ time will still be more than £20 lower than it was before the start of the financial crisis as the biggest squeeze on wages since the end of the Napoleonic Wars extends well into a second decade, a leading thinktank has warned. The Resolution Foundation said that the downgrade to Britain’s future productivity performance expected in next week’s budget would have a negative impact on wage growth between now and 2022 and also limit the room for manoeuvre of the chancellor, Philip Hammond.
US close: Markets finish higher on relatively quiet Monday
Wall Street finished just above the waterline on Monday, despite downbeat market chatter earlier regarding the prospects for fiscal reform in the States and President Donald Trump's remarks at the Asia-Pacific Economic Cooperation conference in Vietnam.