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UDG Healthcare posts stronger than expected full-year profits
UDG Healthcare posted a sharper than expected rise in full-year profits on the back of "strong" growth at its Sharp unit, which focuses on contract clinical, manufacturing and packaging, and is heavily involved in efforts to squash Covid-19.
JPMorgan upgrades IMI to 'overweight'
JPMorgan Cazenove upgraded engineer IMI to ‘overweight’ from ‘neutral’ on Tuesday and hiked the price target to 1,300p from 1,100p, noting the stock has underperformed over the past five years as a challenging 2014-2018 period led to a dislocation between narrative and financials and resulted in "investor fatigue".
UK government to double subsidies for renewable energy in 2021
The UK government plans to double the amount of green energy it will subsidise in 2021 as it agrees to include onshore power projects.
Uniphar acquires US pharmaceutical advisory business
Diversified healthcare services group Uniphar has acquired Maryland-based pharmaceutical advisory business RRD.
Compass profits slump due to Covid hit
Contract catering giant Compass forecast a 2. 5% underlying operating margin in the first quarter of 2021 as annual profits were almost wiped out due to the closure of half its business during the coronavirus pandemic.
AO World swings to interim profit as online demand grows
AO World said on Tuesday that it swung to a profit in the first half as strong demand amid the pandemic boosted revenues, but shares in the online electricals retailer slid as investors took some profits after a strong run.
Headlam hit by cyber attack
Headlam said on Tuesday that it has been hit by a cyber security incident involving unauthorised access to some of its computer systems.
Knights Group interim revenues surge amid Covid-19 pandemic
Legal and professional services business Knights Group said on Tuesday that revenues had surged in the six months ended 31 October despite the ongoing Covid-19 pandemic.
Greencore raises £90m in placing; FY profits slump
Convenience food producer Greencore said on Tuesday that it has raised £90m in a placing to help it weather the pandemic, after it reported an 81% slump in full-year pre-tax profit.
Europe open: Shares surge on vaccine hopes, Biden transition
Surging travel stocks helped push European markets higher at the opening on Tuesday, spurred on by fresh Covid-19 vaccine hopes and news that US President-elect Joe Biden can officially start his transition to power.
Pennon Group earnings fall in line with forecasts
Pennon Group reported half-year results in line with management expectations on Tuesday, as continuing group underlying profit before tax slipped to £86. 7m, from £101. 4m year-on-year.
London open: Stocks rise on vaccine optimism, US politics
London equity markets rose in early trade on Tuesday, with travel and leisure stocks underpinned by vaccine optimism and news of a shortened travel quarantine from next month.
Keywords Studios FY pre-tax profits expected to be 'significantly ahead' of consensus
Video games group Keywords Studios expects to deliver a full-year adjusted pre-tax profits "significantly ahead" of current market consensus.
Coats names David Gosnell as chairman designate
Industrial thread manufacturer Coats Group revealed on Tuesday that chairman Mike Clasper will retire from the board following its next annual general meeting.
Intertek on track for 'resilient' FY performance despite revenue dip
Quality assurance provider Intertek said on Tuesday that revenues had slumped in the four months ended 31 October but stated that it was still on track to turn in a "resilient" full-year trading performance.
Cranswick interim profits rise as in-home consumption grows
Food producer Cranswick posted a jump in interim profit and revenue on Tuesday thanks to "exceptionally robust" demand across all of its categories as in-home consumption grew during the pandemic.
CRH earnings rise despite 'chalenging' environment
CRH reported a “robust” performance in the first three quarters of its financial year on Tuesday, in what it called a “challenging” trading environment, as like-for-like EBITDA rose 2% to $3. 4bn (£2. 55bn).
Phoenix Group confirms expressions of interest for European business
Phoenix Group Holdings confirmed press speculation regarding the possible sale of its European businesses.
London pre-open: Stocks to rise after positive US session
London stocks were set to rise at the open on Tuesday following a positive close on Wall Street.
Compass profits fall heavily, CRH puts in 'robust' performance
London open The FTSE 100 is expected to open 27 points higher on Tuesday, having closed down 0. 28% on Monday, at 6,333. 84.