Market Report
US pre-open: Dow futures little changed ahead of FOMC meeting
Dow Jones futures were little changed ahead of the bell on Tuesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting and more mega-cap earnings.
Europe midday: Upbeat EZ growth fails to inspire investors as shares slip
European markets were still lower on Tuesday as eurozone inflation data and GDP growth failed to inspire investors.
London midday: FTSE pushes higher as HSBC, Whitbread gain
London stocks had extended gains by midday on Tuesday, helped along by solid performances from the likes of HSBC and Whitbread, as investors eyed the start of the Federal Reserve’s two-day policy meeting.
SysGroup FY revenues grow on strong H2 performance
Data solutions business SysGroup said on Tuesday that revenues had grown in the second half, offsetting a modest H1 decline.
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.
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.
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.
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.
Telecom Plus sees FY profit at upper end of expectations
Telecom Plus said on Tuesday that full-year adjusted pre-tax profit was set to be towards the upper end of market expectations after a record year.