Market Report
WSP to buy RPS in £591m deal
Shares of professional services firm RPS Group surged on Tuesday after it agreed to be bought by rival WSP for around £591. 1m.
TI Fluid Systems H1 operating profits slump despite revenue growth
Automotive fluid systems manufacturer TI Fluid Systems said on Tuesday that interim operating profits had slumped despite posting a marked increase in revenues.
Coca-Cola HBC to acquire ESM Effervescent Sodas
Beverage company Coca-Cola Hellenic Bottling has agreed to acquire ESM Effervescent Sodas from Greece's IDEAL Holdings' wholly-owned SICC Holdings subsidiary.
Abrdn posts drop in first-half profits, cautious on outlook
Asset manager Abrdn posted a drop in first-half profit and revenue on Tuesday and struck a cautious note on the outlook.
Avast H1 EBITDA drops, IHG interim profits double
London pre-open The FTSE 100 was being called to open 13. 8 points lower ahead of the bell on Tuesday after closing 0. 57% higher in the previous session at 7,482. 37.
London pre-open: Stocks seen muted after weak US close
London stocks were set for a muted open on Tuesday following a weak close on Wall Street.
Tuesday newspaper round-up: Retailers, luxury rents, IBM
July could be the “lull before the storm” for retailers and consumers after the heatwave boosted sales of summer clothing, picnic treats and electric fans despite the intensifying cost of living crisis, experts have warned. Figures from the British Retail Consortium (BRC) revealed a 2. 3% sales rise last month compared with a 6. 4% rise the year before. The latest BRC-KPMG sales monitor found the sales growth was largely caused by inflation, which is at more than 9%, and masked a larger drop in the number of items sold.
Avast H1 EBITDA drops as margins contract
Cybersecurity provider Avast said on Tuesday that underlying earnings had dropped in the six months ended 30 June as margins contracted and revenues remained broadly flat year-on-year.
US close: Stocks mixed as traders look to inflation data
Wall Street stocks were mixed at the end of trading on Monday, ahead of a key inflation report scheduled for later in the week.