Market Pulse
Savills ups full-year expectations, announces CEO retirement
Real estate service provider Savills said on Tuesday that it enjoyed a stronger-than-expected finish to 2017 and now sees underlying results for the year to the end of December ahead of its previous expectations, as it announced that Jeremy Helsby will retire as chief executive at the end of the year after 39 years with the group.
JD Sports sees FY profit ahead of market expectations after strong second half
JD Sports said on Tuesday that it expects pre-tax profit for the year to 3 February 2018 to be ahead of market expectations following a strong second half.
London open: Stocks inch up as investors sift through corporate news; inflation data eyed
London stocks nudged higher in early trade on Tuesday as investors sifted through a raft of corporate news ahead of the release of the latest UK inflation figures.
Tuesday newspaper round-up: Carillion fall-out, household debt, Brexit blow
One in four of Britain’s poorest households are falling behind with debt payments or spending more than a quarter of their monthly income on repayments, according to a study. The latest evidence of mounting debt problems for some of the most vulnerable in society is shown in a report by the Institute for Fiscal Studies, on behalf of the Joseph Rowntree Foundation, with the poorest tenth of households more likely to be in net debt, owing more on plastic or on overdrafts and loans than they hold in savings.
Spire Healthcare confirms 2017 guidance
FTSE 250 hospital group Spire Healthcare confirmed its previous guidance for 2017 on Tuesday.
National Express says US tax reforms will cut tax rate to low from high 20s
National Express expects changes to the US tax system that came into effect at the beginning of this month to reduce its effective tax rate to the low 20s from the high 20s.
Tate & Lyle promotes Hampton to CEO as Ahmed steps down
Tate & Lyle has promoted current chief financial officer Nick Hampton to the role of chief executive with effect from 1 April 2018.
Ashmore assets under management rise 7% in Q2
Asset manager Ashmore posted a jump in assets under management for the three months to the end of December amid strong net inflows.
London pre-open: Stocks seen higher ahead of inflation figures
London stocks were set for a positive open on Tuesday following an upbeat session in Asia, as investors eyed the latest inflation figures.