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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.
Elementis confident in profit targets after solid Q1
Specialty chemicals company Elementis said it has made a good start to the year despite the absence of a "positive step change" in demand, as it reiterated its confidence in hitting market forecasts in 2024.
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.
HSBC chief executive Quinn in shock departure
HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on Tuesday.
Glencore says Q1 copper output falls, but holds guidance
Commodities miner and trader Glencore on Tuesday said first-quarter copper production fell 2% while cobalt output declined 37% due to lower production at its Mutanda mine in Congo.
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.
Coca-Cola HBC Q1 revenues beat guidance
Bottler Coca-Cola HBC on Tuesday said first-quarter revenue beat forecasts and reiterated guidance that annual operating profit would grow further on the back of strong demand.
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.
Whitbread to cut 1,500 jobs as it doubles down on hotels
Hospitality group Whitbread has announced a £150m share buyback and beefed up its dividend after seeing its bottom line jump by more than a third in the year to 29 February, as it unveiled plans to cut jobs as it turns underperforming restaurants into more hotels.
Travis Perkins chair to step down
The chair of Travis Perkins is to step down at the end of next month, the builders merchant announced on Tuesday, just a month after the resignation of its chief executive.
German retail sales post unexpected 1.8% rise in March
German retail sales posted a higher-than-expected by 1. 8% rise in March compared with the previous month, according to official data published on Tuesday.
London pre-open: Stocks seen up as investors eye Fed
London stocks were set to rise at the open on Tuesday following a positive US close, as investors eyed the start of the latest Federal Reserve policy meeting.
HSBC chief executive to retire, Whitbread announces share buyback
London open The FTSE 100 is expected to open 18 points lower on Tuesday, having closed up 0. 09% on Monday at 8,147. 03 .
Tuesday newspaper round-up: Meta, ExxonMobil, Very Group
The Federal Communications Commission on Monday fined the largest US wireless carriers nearly $200m for illegally sharing access to customers’ location information. The FCC is finalizing fines first proposed in February 2020, including $80m for T-Mobile; $12m for Sprint, which T-Mobile has since acquired; $57m for AT&T, and nearly $47m for Verizon. – Guardian.