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Shanta Gold upbeat on latest drilling results from New Luika
East Africa-focussed gold producer Shanta Gold reported positive surface exploration drilling results from its ongoing exploration programmes within its existing mining licences at the New Luika Gold Mine (NLGM) in south western Tanzania on Tuesday.
Amryt gets FDA fast track for Oleogel-S10
Biopharmaceutical company Amryt Pharma announced on Tuesday that the US Food and Drug Administration (FDA) has designated the investigation of ‘AP101’ - Oleogel-S10 - for the treatment of epidermolysis bullosa (EB) as a ‘Fast Track’ development programme.
Credit Suisse starts Hargreaves Lansdown at 'underperform'
Hargreaves Lansdown was under pressure on Tuesday after Credit Suisse initiated coverage of the stock at ‘underperform’ with a 1,740p price target as it launched coverage of the European diversified financials sector.
Jobs slashed as John Lewis overhauls structure
John Lewis Partnership is to radically overhaul its structure, including shedding a number of senior management jobs, as it looks to cut costs and adapt to an increasingly tough retail environment.
Merrill sees rally in European shares, cyclicals to outperform defensives
Bank of America Merrill Lynch said on Tuesday that European cyclicals should outperform defensive stocks, as it initiated coverage of the airline sector in its latest strategy note.
Maintel taps Ioan MacRae for chief executive
Cloud and managed services specialist Maintel Holdings named Ioan MacRae as chief executive officer on Tuesday, effective from 14 October.
Tim Cook confirms strong start for iPhone 11 sales
Apple CEO Tim Cook told German newspaper Bild on Monday that iPhone 11 sales were off to a “very strong start”.
Xi Jinping vows 'no force can stop' Chinese nation
Chinese President Xi Jinping said on Tuesday in a speech commemorating the 70th anniversary of the Chinese Communist Party’s rule that no force can stop the Chinese people and the nation from developing.
Asia report: Markets mixed as RBA cuts interest rate to all-time low
Markets in Asia finished higher on Tuesday, following a solid close on Wall Street overnight, as the Reserve Bank of Australia took the axe to its interest rate, cutting it to a new record low.
US-EU tariffs could cause 'snowball effect' and lead to greater unceirtainty
Trade tariffs between the EU and the US could trigger a “snowball effect” that would soon take the world into “very precarious waters”, said the head of the UN agency for workers and employers.
Harland and Wolff shipyard rescued by London-based firm
The Harland and Wolff shipyard in Belfast has been rescued by London-based energy firm InfraStrata after it went into administration in August.
James Halstead hikes dividend as profits climb to record level
James Halstead hiked its annual dividend on Tuesday as the company reported record turnover and profits despite the net exporter being hampered by sluggish European markets and the ongoing Brexit drama.
US pre-open: Futures point to modest gains ahead of slew of data
US futures pointed to another positive session on the Street early on Tuesday as market participants waited on a raft of data.
Iomart revenues on the rise following investments into commercial operations
Cloud computing firm Iomart witnessed overall revenue growth in line with expectations during the six months ended 30 September, giving the group good visibility heading into the second half of the year.
Crimson Tide secures long-term contract with leading supermarket
Business solutions provider Crimson Tide has scored a significant long-term contract win with an unnamed leading supermarket.
Credit Suisse COO quits over spying scandal
Credit Suisse’s chief operating officer has resigned after it emerged he was behind the spying scandal that has rocked the Swiss banking sector.
Europe midday: Markets reverse gains after weak Eurozone data
European stocks were slightly lower at lunchtime on Tuesday, having reversed early gains after weak Eurozone manufacturing data offset gains by Apple suppliers.
Renew trades in line following QTS acquisition
Engineering services group Renew expects to report annual results in line with market expectations thanks to the first full-year contribution from the recently acquired QTS.
Egdon Resources production levels soar following installation of a new flow meter
Oil and gas exploration outfit Egdon Resources saw net production from its Ceres, Keddington and Fiskerton fields soar to 66,364 barrels of oil equivalent in the year ended 31 July.
Aggregated Micro Power's loss widens as restructuring costs weigh
Aggregated Micro Power (AMP) on Tuesday reported a deepened annual loss as an increase in administrative expenses more than offset revenue growth.