Investing.com -- British stocks edged higher on Tuesday, while the pound strengthened against the dollar, as broader European markets were somewhat mixed.
The blue-chip index FTSE 100 rose 0.2% and the British GBP/USD rose 0.1% against the dollar. Earlier in the session, the GBP/USD rose above the 1.35 mark before pulling back.
The DAX index in Germany rose about 0.2%, and the CAC 40 in France fell 0.2%.
UK round up
Videndum shares plunge on refinancing plan that dilutes shareholders
Videndum PLC (LON:VIDV) stock plunged after the content creation hardware provider announced a refinancing plan that would significantly dilute existing shareholders’ value.
The London-listed company’s shares tumbled 56.6% following the announcement of a proposed refinancing package aimed at reducing its substantial debt burden.
The refinancing plan includes a £70 million equity raise and the conversion of approximately £23 million of debt into equity. Additionally, the company plans to repay about £50 million of its existing revolving credit facility.
BAE Systems price target raised at Morgan Stanley
BAE Systems PLC (LON:BAES) received a price target increase to 2,203p from 2,158p at Morgan Stanley Research in a note published Tuesday.
The adjustment was based on updated estimates and changes in peer valuation multiples, according to the investment bank.
Morgan Stanley maintained its fiscal year 2025 outlook for the defense contractor while making adjustments to its forecasts. These adjustments reflect updated divisional assumptions and recent changes to BAE Systems’ portfolio.
Christie Group stock surges after stronger than expected trading
Christie Group plc (LON:CTG) stock jumped 4.2% after the professional business services firm announced it expects to report stronger full-year performance than previously anticipated, driven by robust trading activity in the final quarter of 2025.
The company cited particularly strong invoicing expected in Q4, with its Christie & Co brand advising on over 1,000 UK business sales or purchases at "markedly improved levels of average fee" compared to 2024. The firm’s international brokerage operations are also on track to deliver strong YoY revenue growth.
Pets at Home names new CEO
Pets at Home Group PLC (LON:PETSP) has appointed James Bailey, the former managing director of Waitrose, as its new chief executive officer.
Bailey will take on the role effective March 30, 2026, the UK pet care retailer announced.
The appointment sent Pets at Home shares up nearly 2% during Tuesday trading. Bailey will succeed the current leadership structure at the company, which has been operating with Ian Burke serving as executive chair since September 18.
Ryanair fined €255 million by Italian regulator for market abuse
Italy’s Competition Authority has imposed a fine of over €255 million on Ryanair DAC and its parent company Ryanair Holdings PLC (NASDAQ:RYAAY) for abusing its dominant market position in the travel market.
The penalty comes after an investigation determined that the airline implemented an abusive strategy against both online and traditional travel agencies. The anti-competitive practices occurred over a two-year period, starting in April 2023 and continuing through at least April 2025.
The Italian regulator found that Ryanair’s actions specifically aimed to hinder travel agencies’ operations in the market, leveraging the airline’s dominant position to create obstacles for these businesses.




















