All eyes on Wednesday will be on the US Federal Reserve as policymakers meet for a second day to decide on policy.
European shares extended their rebound from the turmoil of recent days after the rescue of Credit Suisse, with investors now focused on how the US and UK central banks will respond with interest rate decisions this week.
Analysts at Berenberg lowered their target price on review website operator Trustpilot from 180. 0p to 160. 0p on Tuesday but said it still expects to see positive underlying earnings and cash flow in 2023.
European banks can weather the recent market turmoil, according to Standard & Poor’s.
London stocks closed in positive territory on Tuesday, as market participants welcomed a renewed sense of calm following recent unrest in the banking sector.
CML Microsystems revealed on Tuesday that non-executive director Geoff Barnes had acquired 5,000 ordinary shares in the AIM-listed semiconductors developer.
Mobile payment solutions provider Boku reported a 3% improvement in revenue in its full-year results on Tuesday, to $63. 8m, despite significant currency headwinds.
Wall Street stocks were in the green early on Tuesday amid hopes that recent chaos in the banking sector may have finally been stifled.
Serica Energy announced the looming completion of the acquisition of Tailwind Energy Investments on Tuesday, after announcing the plan on 20 December and receiving shareholder approval on 27 January.
London’s FTSE 250 was up 1. 4% at 18,747. 05 in afternoon trade on Tuesday.
Digital security and privacy software company Kape Technologies reported a record financial performance in its final results on Tuesday, driven by significant organic growth in digital privacy, security, and content divisions, along with robust market tailwinds.
Pharmaceutical industry service specialist Ergomed reported impressive growth across key financial metrics in its preliminary results on Tuesday, with record order book growth and strong revenue performance.
Communications-as-a-service provider Gamma reported a strong financial performance in its final results on Tuesday, with revenue and gross profit each increasing by 8% to £484. 6m, and £247. 7m, respectively.
London’s FTSE 100 was up 1. 7% at 7,526. 15 in afternoon trade on Tuesday.
Food delivery firm Just Eat Takeaway is reportedly planning to axe around 1,700 delivery drivers amid a slowdown in demand.
International healthcare company Alliance Pharma reported a trading performance that fell short of its initial expectations in its preliminary results on Tuesday.
Second-hand home selling activity in the US jumped last month by the most since July 2020 amid a dip in prices.
Research and analytics provider YouGov reported robust financial results for its first half on Tuesday, with revenue growth of 30% to £131. 4m, surpassing last year's 28% growth.
Transport testing, simulation and measurement specialist AB Dynamics reported a positive first half in a trading update on Tuesday, with overall performance in line with board expectations.
Indonesian palm oil producer MP Evans Group reported a 5% increase in gross profit to $109. 2m in its final results on Tuesday, although its operating profit saw an 11% decrease to $101. 6m.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.