Major stock markets in the Gulf rose in early trade on Tuesday ahead of a key U.S. inflation data that could affect the size of the Federal Reserve’s interest rate cut next week.

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Hill & Smith buys US structural steel components maker Whitlow for $30.2m

Hill & Smith said on Tuesday that it has bought Whitlow, a designer and manufacturer of structural steel and substation components for the US electrical infrastructure market, for $30.2m (£23m).

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US Dollar Firms As The Odds Of 50bps Rate Cut Fade

Currencies, meanwhile, are mostly lower against the US dollar which is rallying as a 50bps cut by the Fed is being priced out in the wake of the Jobs Report. EURUSD and GBPUSD are both down –0.4%.

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Stocks Waver Ahead of US CPI Data, Rate Decisions: Markets Wrap

European stocks and American equity futures struggled for direction as markets head into a crunch period, with key inflation data in the US on Wednesday followed by interest-rate decisions on both ...

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Infrastructure giant swoops for US steel fabricator in £23m deal

In the 12 months to 31 December 2023, Whitlow reported revenues of $27.4m, adjusted EBIT of $3.1m and gross assets of $10.7m. The acquisition will be funded from Hill & Smith’s existing borrowing ...

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