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21 May
ep peppa pig
Entertainment One profit dented by one-off charge

Entertainment One reported a drop in full-year profit on Tuesday as it took a hit from a one-off charge.

21 May
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Tesco Bank pulls out of mortgage market

Tesco's banking arm has quit mortgage lending and will try to sell its £3. 7bn of existing mortgages, blaming persistently difficult market conditions for the decision.

21 May
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Severn Trent shares up on 'strong and resilient' results

Severn Trent reported “strong and resilient” annual results on Tuesday, reporting group turnover of £1. 767bn, which was up £71m or 4. 2% year-on-year.

21 May
Cranswick predicts difficult year amid Brexit uncertainty

Cranswick said it expected the current year to be difficult as the food company reported a decrease in annual profit and highlighted uncertainty over Brexit.

21 May
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Diamond sales drop at Anglo's De Beers

Anglo American said on Tuesday that the value of rough diamond sales at its De Beers business fell in the fourth cycle of 2019.

21 May
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London open: Stocks rise as Washington grants temporary reprieve from Huawei ban

London stocks rose in early trade on Tuesday, with banks pacing the advance, after Washington granted a temporary reprieve from the Huawei ban.

21 May
london west end retail shaftesbury
Shaftesbury defies Brexit retail woes as rents boost income

Robust demand and consumer spending boosted half year income at West End landlord Shaftesbury, defying the woes that have hit the retail sector due to Brexit.

21 May
Wh smith, whsmith, retail
WH Smith CEO Stephen Clarke to step down

Stephen Clarke is stepping down as chief executive of WH Smith and will be replaced by Carl Cowling, who runs the retailer's high street business.

21 May
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Greencore interims up in 'challenging' UK market

Convenience food maker Greencore on Tuesday reported a 17% rise in interim adjusted pre-tax profit as it faced a "challenging" UK market with a strong performance by its food-to-go business offset by a softer ready meals market.

21 May
Homeserve, emergencies, household, insurance
Strong US performance boosts HomeServe profit

Home emergency repairs business HomeServe reported a 14% increase in full-year adjusted pre-tax profit on Tuesday, with a particularly pleasing performance in North America.

21 May
Fresnillo mining 285
Fresnillo says 2019 to be 'challenging year'

Gold and sliver miner Fresnillo said it expected 2019 to be "a more challenging year" than 2018, with a number of industry variables "potentially working against us".

21 May
Galliford Try to end year in line with forecasts, Tesco Bank quits new mortgage market

London open The FTSE 100 is expected to open 29 points higher on Tuesday, having closed down 0. 51% at 7,310. 88 on Monday.

21 May
electrocomponents warehouse distribution
Electrocomponents profit rises amid market share gains in EMEA, Americas

Electrocomponents posted a jump in full-year profit and revenue on Tuesday as it made "strong" market share gains in EMEA and the Americas.

21 May
london canary wharf docklands
London pre-open: Stocks to rise as Trump grants temporary reprieve from Huawei ban

London stocks were set to rise at the open on Tuesday following losses in the previous session, after US President Trump granted a temporary reprieve from the Huawei ban.

21 May
galliford try uk building builder construction homes
Galliford Try to cut 350 jobs after construction review

Government contractor Galliford Try said it was cutting 350 jobs at its troubled construction division after a strategic review.

21 May
Tuesday newspaper round-up: Huawei, Woodford, Goldman Sachs, Silicon Valley

The founder of Huawei, Ren Zhengfei, has said the US “underestimates” the telecom giant’s strength, and that conflict with America was inevitable in the quest to “stand on top of the world”. Ren, speaking after Donald Trump declared a national emergency aimed at thwarting Huawei’s global 5G ambitions, told Chinese media: “The current practice of US politicians underestimates our strength. Huawei’s 5G will absolutely not be affected. In terms of 5G technologies, others won’t be able to catch up with Huawei in two or three years.

20 May
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US close: Chipmakers sink as market reacts to Huawei developments

US equities finished in the red on Monday, with market participants concerned about the potential repercussions of the White House's crackdown on Chinese telecommunications giant Huawei.