British stocks opened lower on Tuesday as Middle East tensions escalated, with Israel claiming the killing of Iran’s armed forces chief of staff.
As of 0726 GMT, the blue-chip index FTSE 100 fell 0.7% and the British pound dropped 0.2% against the dollar to above 1.35.
Meanwhile, DAX index in Germany dropeed 1.5%, the CAC 40 in France fell 1.1%.
Ashtead sees rental revenue growth slowing on U.S. construction weakness
Ashtead Group PLC (LON:AHT) forecasted annual rental revenue growth between flat and 4%.
The company cited continued weakness in the U.S. commercial construction market as a factor in its projection.
Legal & General reaffirms growth targets with 2025 profit guidance
Legal & General Group PLC (LON:LGEN) stated it expects its 2025 group core operating profit to grow between 6% to 9%, which aligns with its three-year targets.
The company also provided an outlook for the next three years to 2028.
ASOS names new CFO
ASOS PLC (LON:ASOS) has appointed Aaron Izzard as its new Chief Financial Officer, replacing Dave Murray who will step down on June 30 to pursue other opportunities.
Izzard currently serves as the company’s director of group finance.
