European stocks were higher at the opening on Tuesday on the back of gains on Asian markets and positive corporate earnings.
FDM Group on Tuesday reported growth in line with expectations as interim revenues jumped despite challenging conditions in the UK and North America.
Student accommodation developer Unite saw first-half profits slide as a result of decreased property valuation gains, but still managed to book a rise in underlying earnings and boost its dividend.
Real estate investment trust Secure Income has disposed of eight private hospitals let to Ramsay Health Care for £347m.
Gaming technology company Nektan has expanded into Africa using E-Lite, its business-to-business content distribution platform.
Imperial Leather maker PZ Cussons posted a drop in full-year profit on Tuesday as solid performances in Asia Pacific, Europe and the Americas were offset by weakness in Africa.
Beazley's year-on-year profit before tax almost tripled in the first half of 2019 amid higher rates, as it achieved double-digit premium growth.
Premium mixers maker Fevertree posted a rise in interim revenue and earnings on Tuesday but noted that sales growth in the UK was moderating.
Total grocery sales at Britain's big four supermarkets fell in the 12 weeks to 14 July, according to figures released by market research group Kantar on Tuesday.
London stocks rose in early trade on Tuesday, with sterling under pressure ahead of the announcement of the new UK prime minister.
Paper and packaging company Mondi said it expected half-year underlying earnings to be higher than the €852m (£765m) reported in 2018 as it forecast a big jump in earnings per share.
Anglo American unit Kumba Iron Ore said half year earnings soared by 239%, as higher iron ore prices and a weaker rand provided a boost.
IG Group Holdings reported a 16% fall in its net trading revenue to £476. 9m in its preliminary results on Tuesday, which the board put down to the impact of new ESMA measures and “less favourable” market conditions throughout the 2019 financial year, particularly in the second half.
London stocks were set to rise at the open on Tuesday, with sterling still under pressure as investors awaited the results of the Tory leadership contest.
London open The FTSE 100 is expected to open 31 points higher on Tuesday, having closed up 0. 08% at 7,514. 93 on Monday.
Buy-to-let mortgage specialist Paragon Banking on Tuesday maintained full year lending guidance, adding that it expected its net interest margin for 2019 to be above the 2. 24% reported at the half-year results. Paragon reported a net interest margin of 2. 19% in 2018.
Huawei equipment will continue to be used in the UK’s 5G mobile networks for now after the government delayed a decision on whether it should be restricted or banned over concerns that the Chinese government could use it to spy on countries. Jeremy Wright, the culture secretary, said the UK had no choice because it is still gauging the impact of US sanctions on Huawei. – Guardian.
Wall Street stocks closed higher on Monday, with attention remaining focused on the Federal Reserve as hopes of a 50 basis point cut to interest rates began to fade.
London stocks finished just above the waterline by the close on Monday, as the pound was dented by political woes.
Asos: JP Morgan downgrades to neutral with a target price of 3,800p.