Full List Of Stories
Senior tumbles after rejecting £738m takeover offer from Lone Star
Senior shares tumbled on Tuesday after the engineering solutions provider rejected a £738m takeover proposal from US private equity firm Lone Star.
FTSE 250 movers: Tullow travels higher; Vectura slumps
London’s FTSE 250 was up 0. 9% at 22,888. 10 in afternoon trade on Tuesday.
RBC Capital ups Travis Perkins price target after disposal
RBC Capital Markets upped its price target on Travis Perkins to 1,950p from 1,900p on Tuesday to reflect the higher-than-expected disposal price for its plumbing & heating distribution business.
FTSE 100 movers: Miners rally; banks in the red
London’s FTSE 100 was up 0. 9% at 7,084. 72 in afternoon trade on Tuesday.
Cloudera to be taken private in $5.3bn deal
Enterprise data cloud company Cloudera has agreed to be taken private by private equity firms Clayton, Dubilier & Rice and KKR in an all-cash deal valued at around $5. 3bn.
London midday: Stocks extend gains after manufacturing data
London equity markets had extended gains by midday on Tuesday, with energy and mining stocks pacing the advance as investors mulled an encouraging reading on the UK manufacturing sector.
Centrica to sell Peterborough site for £20m
British Gas owner Centrica has agreed to sell its Peterborough site to Whitetower Holdings UK Limited, an affiliate of Rockland Capital, for £20m.
UK manufacturing growth surges to record high
UK manufacturing growth surged to a new record high in May as Covid restrictions eased, according to a survey released on Tuesday.
Amigo looking at new compensation scheme as it faces insolvency
Amigo Holdings is facing insolvency after the High Court rejected a rescue plan by the guarantor lender that would have seen compensation payments for mis-selling capped.
Hyve considering funding options
Events group Hyve confirmed on Tuesday that it is considering funding options and is in early stage talks about a possible investment in the company.
Wickes upgrades profit expectations as sales surge
DIY retailer Wickes said on Tuesday that it now expects full-year adjusted pre-tax profit to be within the top half of the range of analyst expectations as it reported a surge in year-to-date sales.
London open: Miners pace the advance ahead of manufacturing PMI
London stocks rose in early trade on Tuesday, with miners pacing the advance as investors eyed the latest reading on the UK manufacturing sector.
China’s Caixin manufacturing PMI ticks up in May
Growth in China’s manufacturing sector nudged higher in May, according to figures released on Tuesday.
Micro Focus appoints Matt Ashley as CFO
Micro Focus has appointed Matt Ashley as its new chief financial officer with effect from 28 June.
London pre-open: Stocks to edge lower after Bank Holiday weekend
London stocks were set to edge down at the open on Tuesday following the Bank Holiday weekend.
Tuesday newspaper round-up: Corporation tax, Bacanora, Channel 4, Schroders
The UK would reap an extra £14. 7bn annually by adopting Joe Biden’s proposal for a new global minimum corporation tax rate of 21%, according to a major thinktank. The Institute for Public Policy Research (IPPR) Centre for Economic Justice has urged the government to embrace and push for the US president’s proposals at the forthcoming G7 summit, arguing that the global system would both be fairer and allow the UK to raise billions in vital revenue. - Guardian.