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London midday: Stocks maintain gains after GDP; TUI surges
London stocks were still firmly in the green by midday on Tuesday as investors mulled the latest UK GDP figures, with well-received updates from the likes of TUI lending a hand.
OPG Power Ventures reports 'strong' operational performance
OPG Power Ventures updated the market on the first nine months of its 2020 financial year on Tuesday, reporting total generation of 2. 09 billion units, down slightly from 2. 15 billion units for the first nine months of 2019.
China New Energy expects record FY revenues despite coronavirus impacts
Engineering and technology firm China New Energy continued to trade well in the second half of 2019, with full-year revenues now expected to be the highest since the group's admission to AIM despite the Wuhan coronavirus outbreak causing some interruptions.
Alien Metals begins survey to identify targets at Donovan 2
Exploration and development company Alien Metals updated the market on its Donovan 2 copper-gold project on Tuesday, explaining that it had now commissioned the induced polarisation survey to generate high-priority drill targets.
Nakama says Hong Kong, Singapore revenues hit by coronavirus
Nakama shares slumped on Tuesday after the recruitment consultancy said the coronavirus had hit revenues in Hong Kong and Singapore and warned that it still "urgently" requires an injection of capital.
Cora Gold upbeat on drill results from Sanankoro
West Africa-focussed gold exploration company Cora Gold announced the first drill results from its campaign at the Sanankoro Gold Project in southern Mali on Tuesday, which began in November.
Walker Greenbank FY results seen in line with guidance
Interior furnishings group Walker Greenbank said on Tuesday that full-year results were expected to be in line with guidance.
Gaming Realms FY revenues to be ahead of expectations
Video games developer Gaming Realms said on Tuesday that full-year revenues were set to be "modestly ahead" of expectations thanks to an "encouraging" performance from its content licensing business, although it does not anticipate making a profit just yet.
Bidstack warns of 'minor' revenue growth, operating loss
Advertising firm Bidstack warned on Tuesday that revenue growth would again be "minor" in 2020 as it looked to continue making investments in the new year.
UK economy ends 2019 on back foot as Brexit turmoil takes it toll
The UK’s economy stagnated during the last quarter of 2019, as the political turmoil and uncertainty surrounding Brexit weighed heavily.
Asia report: Markets finish higher as investors weigh coronavirus risk
Markets in Asia were in the green on Tuesday, led higher by the Hong Kong bourse, as investors continued to weigh the potential economic impact of the still-spreading outbreak of novel coronavirus.
KKR says it has not made bid offer for NMC
Private equity group Kohlberg Kravis Roberts (KKR) said it had not made any bid approach to troubled Middle East healthcare company NMC.
S&U upbeat after transactions improve post-election
S&U said its prospects were good as the specialist lender reported an improvement in transactions following December's general election.
Europe open: Stocks jump on latest WHO situation update
Stocks on the Continent are putting in fresh gains, building on the advance seen overnight on Wall Street on the back of the World Health Organisation's latest update on the China coronavirus.
Marks & Spencer appoints Greencore's Eoin Tonge as CFO
Marks & Spencer has appointed Eoin Tonge as its new chief financial officer with effect from June.
Javid seeks 'permanent equivalence' for City after Brexit
The UK government is calling on the European Union to agree to a "permanent equivalence" plan for financial services to maintain the City of London's access to the European market after Brexit, the Financial Times reported.
Oilex chairman extends expanded role for two months
Oilex announced on Tuesday that the expanded operational role for its chairman, Bradley Lingo, was being extended by a further two months to 31 March.
Holiday demand helps TUI offset MAX groundings
European-focused travel company TUI upgraded full year profits guidance on Tuesday as higher demand at its markets and airlines unit offset costs from the Boeing 737 MAX aircraft grounding.
JD Sports Footasylum merger 'substantially' lessens competition, says CMA
JD Sports could be made to sell Footasylum after the Competition and Markets Authority said on Tuesday that the takeover "substantially" lessens competition.
PowerHouse shares surge as it enters supplemental deal with Peel
Waste-to-hydrogen technology company PowerHouse Energy Group has entered into a supplemental collaboration agreement with Peel Environmental, it announced on Tuesday, which aims to accelerate the development of the Protos Energy Park and four further ‘DMG’ sites in the UK.