Latest News
UK mortgage approvals hit 18-month high - BoE
Mortgage approvals continued to rise in March, official data released on Tuesday showed, to reach an 18-month high.
Mercedes-Benz Q1 earnings plummet on model transitions, EV slump
German automotive group Mercedes-Benz said on Tuesday that Q1 earnings had plummeted as it was weighed down by model changes and soft demand for electric vehicles.
German economy avoids recession, labour market resilient
The German economy avoided recession in the first quarter of the year, with modest 0. 2% growth reported on Tuesday, surpassing analysts' expectations.
IG Design delivers 'significant growth' in FY profits
Greeting cards manufacturer IG Design said on Tuesday that it had experienced "significant growth" in profit and strong cash flows in the year ended 31 March, ahead of expectations.
Distil makes inaugural distillation of Blackwood at Ardgowan
Premium drinks group Distil announced a significant milestone on Tuesday, with the successful inaugural distillation of ‘Blackwood’ at Ardgowan Distillery.
McBride lifts FY operating profit outlook
McBride upgraded its full-year operating profit outlook on Tuesday following better-than-expected trading in the last two months.
Asia report: Most markets rise as yen falls back
Asian markets saw a mixed day of trading on Tuesday, as investors navigated between positive cues from Wall Street and cautious sentiment surrounding China's factory activity.
Deposits push higher at Metro Bank
Metro Bank saw deposits edge up in the first quarter, the high street lender confirmed on Tuesday.
China's manufacturing sector gathers pace in April
China’s manufacturing sector continued to strengthen in April, closely-watched data published on Tuesday showed.
Howdens hails 'encouraging' start to year as Q1 revenues rise
Trade kitchen and joinery supplier Howden Joinery reported a rise in first-quarter depot revenue on Tuesday as it hailed an "encouraging" start to the year.
St James's Place net inflows more than halve, FuM grows in Q1
Financial advisory St James's Place said on Tuesday that net inflows had more than halved in Q1 but said funds under management had grown on the back of solid investment returns.
Hargreaves Lansdown sees 'good momentum' in Q3, new client numbers surge
Financial services business Hargreaves Lansdown said on Tuesday that it had seen "good momentum" in Q3, with inflows growing and new customers surging almost threefold throughout the period.
Capital & Regional hikes dividend after year of rental growth
Shopping centre specialist Capital & Regional reported a 5% increase in like-for-like net rental income (NRI) in its full-year results for 2023 on Tuesday, as well as a 2. 6% increase in like-for-like valuations compared to the prior year.
Europe open: Shares in cautious mood ahead of EZ data
European markets opened lower on Tuesday ahead of eurozone data and amid another dump of corporate earnings and update news.
London open: FTSE gains as investors eye Fed meeting; HSBC rallies
London stocks rose in early trade on Tuesday, helped along by solid performances from the likes of HSBC and Coca-Cola HBC, as investors eyed the start of the Federal Reserve’s two-day policy meeting.
Elementis confident in profit targets after solid Q1
Specialty chemicals company Elementis said it has made a good start to the year despite the absence of a "positive step change" in demand, as it reiterated its confidence in hitting market forecasts in 2024.
Rotork reports another quarter of strong trading
Rotork said in a trading update on Tuesday that first-quarter order intake showed positive growth, up in the low single digits compared to the previous year, on an organic constant currency (OCC) basis.
Glencore says Q1 copper output falls, but holds guidance
Commodities miner and trader Glencore on Tuesday said first-quarter copper production fell 2% while cobalt output declined 37% due to lower production at its Mutanda mine in Congo.
Prudential describes robust first-quarter performance
Prudential described a robust first-quarter performance in an update on Tuesday, with new business profit increasing by 11%, reaching $810m across diverse geographical markets.
Card Factory profits jump, dividends reinstated
Card Factory shot higher on Tuesday as it said it was resuming dividend payments and posted a jump in full-year profits.