Market Pulse
PowerHouse plastic-to-power testing declared a success
PowerHouse Energy Group announced on Tuesday the completion of its system-wide testing program for the G3-UHt unit in Brisbane, Australia.
Doriemus seeking to raise £0.9m in open offer
UK-focused oil and gas exploration and production investment company Doriemus announced the launch of a three-for-10 open offer on Tuesday, to raise up to £0. 87m before expenses.
ChemChina extends deadline for Syngenta offer
China National Chemical Corporation (ChemChina) said on Tuesday that it has extended the offer to buy Swiss seeds company Syngenta for $43bn to 8 November.
Volkswagen to buy minority stake in US rival Navistar
German vehicle manufacturer Volkswagen is to buy a minority stake in its US rival Navistar, in order to compete in the global truck market, according to the Financial Times.
OptiBiotix trumpets success of weight loss products
OptiBiotix Health, a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, announced the results of an independent consumer survey of its GoFigure products on Tuesday.
WPP's Plista buys Oslo-based content analytics group Linkpulse
WPP said on Tuesday that Plista, a provider of data-driven native advertising and part of Xaxis – its global programmatic media company – has acquired Oslo-based real-time content analytics group Linkpulse.
Eurozone Q2 economic growth comfirmed at 0.3%
Eurozone gross domestic product growth for the second quarter was confirmed at 0. 3%, according to data released by Eurostat on Tuesday.
Curtis Banks reports growth in first half following successful acquisitions
Past acquisitions drove a sharp increase in operating revenues at Curtis Banks Group, a provider of self-invested personal pensions (SIPPs) and small self-administered schemes (SSAS), even as the company adjusted to the impact from lower interest rates.
British Airways passengers suffer major delays due to IT glitch
"Computer problems" are being blamed for widespread delays to British Airways flights as hordes of passengers took to Twitter to express their anger towards the company.
MartinCo buys EweMove for £15m to increase online foothold
AIM-listed property company MartinCo bought estate agent EweMove Sales and Lettings and its subsidiary Ewesheep for £15m, to increase its foothold in the online market.
Ideagen buys Bulgaria's Logen for £100,000
Information management software provider Ideagen bought its Bulgarian audit software reseller, Logen for £100,000.
Barclays downgrades Standard Chartered on valuation
Barclays downgraded Standard Chartered to ‘underweight’ from ‘equalweight’ as it said the stock’s valuation is overshooting its earnings power, but lifted the price target to 520p from 500p.
Asia report: Markets mixed as RBA stands pat
Asian markets were mixed on Tuesday, as investors down under digested the Reserve Bank of Australia’s decision to stand pat on interest rates at 1. 5%.
UK High Street sales drop unexpectedly in August, BRC says
Sales on Britain´s High Street slowed unexpectedly in August, widening the gap with respect to the official retail sales data for a fourth consecutive month and leaving experts divided on the outlook.
Redrow FY profit jumps amid strong demand, hikes dividend
Redrow surged on Tuesday as the FTSE 250 housebuilder reported a jump in pre-tax profit for the full year as revenue grew and the company lifted its dividend.
Kainos Group sees full year in line with market views
IT, consulting and software solutions provider Kainos Group said on Tuesday that it expects results for the full year to be in line with market expectations.
Sports Direct asks law firm to lead a further review into labour conditions
Sports Direct asked law firm Reynolds Porter Chamberlain (RPC) on Tuesday to lead a further comprehensive review of working practices at the retailer.
Gear4Music posts jump in interim sales
Musical instruments and equipment retailer Gear4Music reported a jump in interim sales as it said the business was well placed to cope with the impact of the UK’s decision to leave the European Union.
German manufacturing orders rise less than expected in July
New manufacturing orders in Germany rose less than expected in July, according to data released by Destatis on Tuesday.
London open: Weak retail sales data weigh on Footsie
London stocks dipped lower in early trading following the release of weaker than expected data on UK retail sales for August.