Latest News
Calisen narrows first-half losses; sees gradual return to 'normal' activity
Smart meter company Calisen almost halved interim losses as installations resumed after the easing of lockdown measures in the UK.
Babcock scraps dividend as revenue, earnings weakness remains
Babcock said on Tuesday that it would not be paying a final dividend, as revenue and profits remained weaker in the first quarter of the new financial year.
Melrose agrees improved covenants with banks
Melrose Industries has agreed improved financial covenants with its banks after the Covid-19 crisis caused revenue slump at the industrial turnaround group.
Rightmove appoints Alison Dolan as CFO
Real-estate website Rightmove said it had appointed former News UK strategy officer Alison Dolan as its chief financial officer.
Redx Pharma surges on AstraZeneca licensing agreement
Redx Pharma shares soared on Tuesday after it signed a licensing agreement with AstraZeneca for its porcupine inhibitor for fibrotic diseases, RXC006.
London open: Stocks edge lower with BP, Diageo earnings in focus
London stocks edged lower in early trade on Tuesday following strong gains in the previous session, as investors sifted through results from the likes of BP and Diageo.
Ascential cancels US, Europe Money20/20 events due to Covid-19
Information, data and analytics company Ascential pinned the blame on Covid-19 on Tuesday as it cancelled the Europe and US editions of the Money20/20 events.
Centamin ups dividend as gold price sends profit soaring
Centamin increased its interim dividend by 50% after first-half profit more than tripled as the price of gold soared.
Spectris reinstates dividend after better-than-expected H1
Spectris said on Tuesday that it performed better than expected in the first half, with sales down less than forecast and orders faring better, as it reinstated its dividend.
Direct Line lifts divi, makes 'catchup' payment despite lower profit
Car insurer Direct Line lifted its interim dividend and declared a special “catchup” payout to make up for cancelling its 2019 disbursement, as it reported a fall in profits.
Rotork H1 profit hit by Covid but 2019 dividend reinstated
Rotork reported a 4% decline in first-half profit on Tuesday as revenues were dented by the Covid-19 pandemic, but the industrial flow control equipment maker reinstated its previously-deferred final dividend for 2019.
AA receives bid approaches as it seeks new capital
AA reported it had received three approaches from potential private equity bidders as the company said it needed a large injection of capital to reduce its debt.
London pre-open: Stocks seen muted after strong gains; BP results in focus
London stocks were set for a muted open on Tuesday following strong gains in the previous session, with results from the likes of BP and Diageo in focus.
BP halves quarterly dividend, Diageo proposes unchanged distribution
London open The FTSE 100 is expected to open 10 points lower on Tuesday, having closed up 2. 29% at 6,032. 85 on Monday.
Tuesday newspaper round-up: Advertising spend, leisure jobs, AA
Advertising spend across the UK media fell by more than £1bn year on year during the coronavirus lockdown, according to figures that reveal the government has become the UK’s biggest advertiser during the pandemic. UK advertising spend on traditional media – TV, newspapers and magazines, radio and cinema as well as on poster sites and billboards across the country – almost halved from the start of lockdown on 23 March to the end of June. – Guardian.
US close: Solid gains on the Street following manufacturing PMIs
Wall Street stocks closed higher on Monday as market participants turned their attention towards stimulus talks in Washington and a reading of July's purchasing manager index.