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Georgia Capital buys up winemaker Alaverdi

Georgia Capital announced on Tuesday that its wine business has acquired a 100% equity interest in Alaverdi, which owns 244 hectares of vineyards in the Kakheti region, the vast majority of which grew Georgia's flagship red wine grapes, Saperavi.

Oil rig, oil & gas, drilling
Providence cuts costs as it waits even longer for loan advance from APEC

Ireland-based energy company Providence Resources updated the market on Standard Exploration Licence 1/11 on Tuesday, which contains the Barryroe oil accumulation.

Kenmare Resources declares first dividend after revenue and earnings fall

Titanium minerals and zircon producer Kenmare Resources declared a maiden dividend of 2. 66 US cents (2. 2p) per share as part of its interim results on Tuesday.

Tekmar wins contracts with Taiwanese offshore wind farm developer

Subsea protection equipment provider Tekmar has won two new contracts for the supply of its flagship cable protection system product in Taiwan.

Petroleo_Bolsas oilmarkets
Cabot Energy shares slide as production and sales dive

Cabot Energy's shares slid on Tuesday after it reported a steep decline in second quarter production and sales as cost-cutting efforts took their toll on operations.

Boris Johnson plans information campaign ahead of no-deal Brexit

The UK government will kick-off an information campaign in September aimed at preparing the British public for a no-deal Brexit.

wood group technical
Wood Group swings to profit; agrees £250m sale of nuclear business

Wood Group said on Tuesday that it swung to a first-half profit as it announced the sale of its nuclear business for £250m in cash, which it will use to reduce debt.

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Persimmon profits drop as housebuilder focuses on quality

Persimmon on Tuesday reported drops in interim revenues and profit, though this was in line with expectations as the company focused more on improving the quality of its properties and the service delivered to its customers.

Non-Standard Finance losses widen after failed Provident Financial bid

Lender Non-Standard Finance reported a widening of its pre-tax losses on Tuesday as it was hit by costs associated with a failed £1. 3bn bid for larger rival Provident Financial.

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Asiamet raises £1.75m to fund BKM and Beutong projects

Copper and gold miner Asiamet Resources has raised roughly £1. 75m by way of a placing of 50. 0m ordinary shares of 3. 5p each.

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Primary Health Properties completes two developments

Primary Health Properties (PHP) on Tuesday reached practical completion on the development of two medical centres at Glynneath in South Wales and Langwith on the Derbyshire and Nottinghamshire border at a total cost of £6. 4m.

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Robinson names Dr Helene Roberts as CEO designate

Packaging manufacturer Robinson named Dr Helene Roberts as its next chief executive officer on Tuesday, taking over from interim CEO Martin McGee from 4 November.

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Kingswood draws down on £3.15m convertible term loan

Investment manager Kingswood Holdings has drawn down on its £3. 15m convertible term loan with KPI in order to move ahead with new investments.

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Tribal Group warns of slowing growth as revenues dip

Tribal Group's shares fell on Tuesday as it reported a drop in interim revenue and warned that short to medium term growth may slow amid a "structural shift" in the education software industry.

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'Big four' supermarkets see sales and market share declines - Kantar

Sales at Britain's 'big four' supermarkets fell in the 12 weeks to 11 August, according to figures released by research firm Kantar on Tuesday.

AstraZeneca upbeat on latest 'Forxiga' trial outcomes

AstraZeneca announced positive results from its phase 3 ‘DAPA-HF’ trial on Tuesday, which showed that ‘Farxiga’ (dapagliflozin) met the primary composite endpoint with a statistically-significant and clinically-meaningful reduction of cardiovascular death or worsening of heart failure - defined as hospitalisation or an urgent heart failure visit - compared to placebo.

London, city, DL
London open: Stocks edge up as sterling slips on Brexit woes

London stocks edged higher in early trade on Tuesday following healthy gains in the previous session.

Iron ore, mining, BHP Billiton
BHP pays out record dividend as iron ore price surge boosts profits

BHP on Tuesday posted its best full year figures for five years and handed out a record dividend as it cashed in on higher commodity prices.

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IMI to buy US valve and flow control products maker PBM

Specialist engineering company IMI has announced the proposed acquisition of US valve and flow control products manufacturer PBM for $85m (£70. 3m).

London, Londres
London pre-open: Stocks seen steady after Monday's gains

London stocks were set for a steady open on Tuesday following healthy gains in the previous session, as investors eye this week's Jackson Hole Symposium.