BUSINESS LIVE: Robert Walters Suffers Falling Fee Income
The FTSE 100 closed up 136 points at 7628.21. Among the companies with reports and trading updates today are Robert Walters, YouGov, Currys, Reach, Wincanton and Speedy Hire. Read the Tuesday 10 October Business Live blog below.
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FTSE 100 closes up 136 points at 7628.21
15:25
The Footsie closes soon
Just before close, the FTSE 100 was 1.87% up at 7,632.59.
Meanwhile, the FTSE 250 was 2.11% higher at 17,942.74.
15:07
Pepsi sales shoot up amid accusations of 'greedflation'
PepsiCo price hikes appear to be paying off.
Shares in the company rose when markets opened on Tuesday morning after its Q3 earnings revealed net sales of $23.45 billion, up 6.7 percent on the same period last year.
Pepsi sales shoot up amid accusations of 'greedflation'
PepsiCo price hikes appear to be paying off as company nets sales of $23.45 billion in Q3.
Mail Online
14:41
UK markets rebound strongly on Tuesday
The London Stock Exchange's two most prominent indexes have recovered significantly on Tuesday, shrugging off global concern about the escalating situation in the Middle East.
The blue-chip FTSE 100 was up 1.74% to 7,622.69, with Ocado leading the pack after broker Bernstein upgraded its rating on the online supermarket to ‘outperform.'
Mining firms, bookmakers and financial services companies also comprised most of the top risers.
Meanwhile, the FTSE 250 was 1.95% higher at 17,915.28 as only ten companies on the mid-cap index reported a drop in their share price.
Playtech is the index's best performer, with an 8.83 per cent jump, followed closely behind by Currys, who reported earlier today that 'several' bids had been made for its Greek business.
14:22
What does Metro Bank's rescue mean for shareholders and savers?
It's been a turbulent and rapidly evolving few days for Metro Bank.
Metro Bank shares tumbled last week amid reports it was on the lookout for huge sums of cash in a quest to boost its ailing balance sheet.
What does Metro Bank's rescue mean for shareholders and savers?
Wee look at what has happened, how the group's share price has been affected, what the plans for branches are and what the rescue deal means for savers.
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14:08
YouGov shares rocket as polling firm reports bumper profits
YouGov shares soared on Tuesday after the polling organisation reported a massive surge in annual earnings amid testing economic conditions.
They climbed 22.7 per cent to 846.4p by the early afternoon, making them one of the top ten performers on the AIM All-Share Index, recovering much of their late September slump.
YouGov shares rocket as polling firm reports bumper profits
They climbed 22.7 per cent to 846.4p by the early afternoon, making them one of the top ten performers on the AIM All-Share Index and recovering much of their late September slump.
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13:34
Four in court over Patisserie Valerie collapse
Four people have appeared in court over the collapse of bakery chain Patisserie Valerie.
Christopher Marsh, a former director and chief financial officer of Patisserie Holdings, the company behind Patisserie Valerie, and his wife, accountant Louise Marsh, were charged by the Serious Fraud Office (SFO).
Four in court over Patisserie Valerie collapse
Christopher Marsh, a former director of Patisserie Holdings, the company behind Patisserie Valerie, and his wife, accountant Louise Marsh, were charged by the Serious Fraud Office.
Mail Online
12:40
Amazon workers at Coventry warehouse to strike on Black Friday
Amazon workers at Coventry's warehouse are set to strike on Black Friday, in addition to three more days next month, in a dispute over pay.
The GMB union has confirmed members will walk out on November 7, 8 and 9 as well as on November 24 - one of the busiest days of the year for retailers.
Amazon workers at Coventry warehouse to strike on Black Friday
Amazon workers at Coventry's warehouse are to strike on Black Friday and three more days next month in a dispute over pay.
Mail Online
12:05
Nearly half of Brits are cutting back on treats ahead of Christmas
Hard-up restaurants were dealt a further blow in September, as cash-conscious Britons chose to cut back on eating out in the runup to Christmas.
A consumer survey carried out by Barclays found 44 per cent of respondents were dispensing with treats, with dining out the biggest sacrifice at 60 per cent.
Nearly half of Brits are cutting back on treats ahead of Christmas
Hard-up restaurants were dealt a further blow in September, as cash-conscious Britons chose to cut back on eating out in the runup to Christmas.
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11:48
UK will have the weakest growth among G7 next year, the IMF claims
The UK is forecast to record the weakest economic growth across the G7 group of advanced economies next year, according to the International Monetary Fund.
It says the UK will also have the highest inflation of any G7 economy next year.
UK will have the weakest growth among G7 next year, the IMF claims
Today, the IMF downgraded its forecasts for the UK's economic growth next year. It previously forecast 1% growth for 2024, but has now trimmed this to 0.6%,
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11:31
Are Amazon Prime Day deals a genuine bargain?
Amazon's annual Prime Day event, which runs this week, promises to offer huge deals on household goods, toys and electronics.
It says that Prime members can snap up a bargain on hundreds of goods, promising savings of as much as 50 per cent.
Are Amazon Prime Day deals a genuine bargain?
Amazon's annual Prime Day event, which runs this week, promises to offer huge deals on household goods, toys and electronics - but some products are cheaper at other times of the year.
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10:15
Only 10 FTSE 350 firms have seen their shares fall this morning
10:14
Molten Ventures shares top FTSE 350 charts
09:55
Robert Walters reports another drop in profits
Robert Walters has reported another significant drop in gross profits as economic uncertainty continues to weigh on the recruitment industry.
Net fee income at the white collar specialist fell 13 per cent at constant currency levels to £93.4million for the three months ending September, compared to a 10 per cent fall in the prior quarter.
Robert Walters reports another drop in profits
Net fee income at the white collar specialist fell by 13% to £93.4m for the three months ending September, compared to a 10% fall in the prior quarter.
This is Money
09:35
Retail sales growth slowed in September, BRC says
Retail sales growth slowed in September as shoppers limited their spending in the face of higher housing, rental and fuel costs, new figures show.
Total retail sales limped to a 2.7 per cent increase in September, which was in line with the three-month average but well below the 12-month average of 4.2 per cent.
Retail sales growth slowed in September, BRC says
Total UK retail sales limped to a 2.7 per cent increase in September, which was in line with the three-month average but well below the 12-month average of 4.2 per cent, the BRC and KPMG said.
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09:01
Currys receives 'several' bids for its Greek business
Currys has received offers for its Greek business from 'several' potential buyers, but noted it remained unclear whether any deal would go ahead.
The retailer said its strategic review 'remains ongoing', adding that it would provide a further update 'when appropriate.'
Currys receives 'several' bids for its Greek business
London-listed retailer Currys said it was evaluating the offers with the help of its advisers, adding that it remained unclear whether a deal would go ahead.
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08:13
Shoppers sick of shrinkflation, bogus loyalty savings and price moves
Shoppers are fed up with retailers' price scams, such as shrinkflation, bogus loyalty card savings and variable prices, research shows.
Most believe supermarkets, manufacturers, pubs and other firms use underhand tactics to thwart their efforts to save money and make ends meet.
Shoppers sick of shrinkflation, bogus loyalty savings and price moves
Two in three shoppers say shrinkflation has become so common that stores should put warning labels on products that become smaller but not cheaper.
Mail Online
07:53
Mind Gym owner loses £12m as shares crash to a record low
Mind Gym founder Octavius Black saw more than £12million wiped off his fortune as shares in the firm crashed to a record low.
The staff training service plunged 37.8 per cent, or 21p, to 34.5p after it warned full-year profits would be ‘significantly lower' than expected.
Mind Gym owner loses £12m as shares crash to a record low
Mind Gym founder Octavius Black and his wife Joanne Cash (pictured) saw the value of their 55.6% stake crash by £11.7m to £19.2m.
This is Money
07:30
Hot stocks: Surge in UK investors in weight-loss drug star Eli Lilly
Investing platform eToro has revealed the hot and cold stocks among its UK investors, with US weight-loss drug star Eli Lilly and British defence giant BAE leading the way.
UK retail investors are throwing their weight behind US pharmaceutical giant Eli Lilly on expectations it will get approval for a new obesity treatment, data from eToro suggests.
Hot stocks: Surge in UK investors in weight-loss drug star Eli Lilly
UK retail investors are throwing their weight behind US pharmaceutical giant Eli Lilly on expectations it will get approval for a new obesity treatment.
This is Money
07:18
Vintage year for English wine: Chapel down boss toasts bumper harvest
Corks are popping at vineyards across England as winemakers toast what is set to be the biggest grape harvest ever.
This year has proven to be the perfect conditions thanks to a lack of winter frost and warm sunny weather across the south of England.
Vintage year for English wine: Chapel down boss toasts bumper harvest
Chapel Down, led by boss Andrew Carter (pictured) is among three major UK winemakers to hail what is expected to be a record harvest.
This is Money
07:12
Exxon fracking boss arrested at budget hotel on sexual assault charges
The head of Exxon Mobil's shale oil and gas business was arrested at a budget hotel last week for an alleged sexual assault.
David Scott, a senior vice president who oversees all the energy giant's shale oil and gas production business, was arrested early on Thursday morning at a La Quinta Inn & Suites hotel in Magnolia, Texas.
Exxon fracking boss arrested at budget hotel on sexual assault charges
Exxon Mobil senior vice president David Scott (pictured) was picked up by police in the morning at a La Quinta Inn & Suites hotel in Magnolia, Texas.
This is Money
07:06
Israel attacks push up oil and defence stocks but airlines tank
Shares in oil and defence stocks soared yesterday and airlines tanked as the deadly terror attacks on Israel sent shockwaves through financial markets.
The price of oil surged as much as 5 per cent to $89 a barrel amid fears the conflict with Hamas will hit crude production in the Middle East.
Israel attacks push up oil and defence stocks but airlines tank
The price of oil surged as much as 5% to $89 a barrel amid fears the conflict with Hamas will hit crude production in the Middle East.
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