Market Report
HydroDec expecting growth despite weak feedstock market
With HydroDec investors gathering on Tuesday for the company’s annual general meeting, its CEO Chris Ellis was preparing to report expectations for significant growth in the first half, with revenues forecast to rise 12% year-on-year to $9. 1m.
SafeCharge launches new marketplace payments solution
Payments services provider SafeCharge launched its ‘Marketplace Manager’ product on Tuesday, describing it as a single API-based solution to relieve “payment pain points” for marketplaces, while enabling them to remain in full control of operations and the user experience for both buyers and sellers.
Oxford Metrics spends £2m on Kiwi motion tech developer
International software company Oxford Metrics announced the acquisition of New Zealand-based motion measurement system developer IMeasureU on Tuesday.
Gemfields slumps as Pallinghurst wins bidding war
Gemfields shares slumped on Tuesday as Pallinghurst Resources received overwhelming support from its shareholders to go ahead and buy up the remaining shares in the Faberge owner it doesn't already own.
Euro gains as ECB's Draghi says factors weighing on inflation are transitory
The factors dampening inflation pressures are only temporary but in order for prices to return to target policy-makers need to be persistent, prudence is also called for when re-adjusting policy in reaction to the improving economy, European Central Bank chief Mario Draghi said.
Debenhams warns over full-year profit as sales drop
Department store Debenhams warned on Tuesday that full-year profits could be towards the lower end of the current range if market volatility continues, as it reported a drop in third-quarter like-for-like sales.
UK consumer confidence collapses after election - YouGov/CEBR
UK consumer confidence in June fell to its lowest level since the aftermath of the Brexit vote, according to the latest survey from YouGov and the Centre for Economics and Business Research.
Sterling should weaken if FPC hikes capital buffers, Unicredit says
Sterling should weaken if the Financial Policy Committee decides to increase lenders' counter cyclical capital buffers, analysts at Unicredit Research said.
Europe open: Traders eye speeches from Draghi and Yellen
Traders on the Continent were pushing shares a little lower at the start of trading ahead of a speech from European Central Bank governor Mario Draghi later in the morning and following mixed closes in the States and in Asia overnight.
CMA says Heineken's proposals might remedy competition concerns
The Competition and Markets Authority said there are reasonable grounds to believe that proposals put forward by Heineken might remedy competition concerns over its £402. 7m proposed purchase of London-listed pub operator Punch Taverns' estate.
London open: Stocks flat despite strong showing from miners; BoE report eyed
London stocks were steady in early trade despite a solid showing in the mining sector, as investors eyed the Bank of England's financial stability report and a speech by governor Mark Carney.
Carpetright FY profits drop but results please
Carpetright reported a slump in full-year profit as it took a hit from the weaker pound and the revamp of its stores.
Petrofac claims solid start to year as backlog shrinks
Petrofac issued a pre-close trading update on Tuesday morning, ahead of the announcement of its half year results for the six months to 30 June on 30 August, claiming underlying net profit for the first half of 2017 was expected to be between $135m and $145m, with full year net profit expected to be weighted to the second half of the year.
Travis Perkins appoints Stuart Chambers as chairman
Builders' merchant Travis Perkins has announced the appointment of Stuart Chambers as its chairman with effect from November.
London pre-open: Stocks seen higher as investors eye Carney
London stocks were set for a slightly firmer open on Tuesday as investors eye the Bank of England's financial stability report and a speech by governor Mark Carney.
Tuesday newspaper round-up: Debt, Trade war, Syria
Households continued to pile debt on to their credit cards and run down their savings to meet living costs in May as the squeeze on wages bit deeper. The annual growth in personal deposits dropped to 2. 6%, the lowest for more than five years, according to figures from the British Bankers' Association. Consumer credit growth, in credit cards, overdrafts and personal loans, slowed to a rate not seen since October 2015, but at 5. 1% remained high by historic standards.