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Automotive fluid systems manufacturer TI Fluid Systems said on Tuesday that interim operating profits had slumped despite posting a marked increase in revenues.
Beverage company Coca-Cola Hellenic Bottling has agreed to acquire ESM Effervescent Sodas from Greece's IDEAL Holdings' wholly-owned SICC Holdings subsidiary.
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.
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.
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.
