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Avast offers growth at reasonable price, says Berenberg
Berenberg initiated coverage of cybersecurity firm Avast at ‘buy’ on Tuesday with a 680p price target, saying it was among its top picks for 2021, offering growth at a reasonable price.
Vistry to resume dividend payments, sees FY profits at top end of range
UK house builder Vistry said it would resume dividend payments as it guided for full-year profits at the upper end of forecasts.
Advanced Medical Solutions ends year in line with guidance
Surgical and wound care specialist company Advanced Medical Solutions updated the market on its trading for 2020 on Tuesday, confirming that it ended the year in line with its previously-issued guidance.
M&S snaps up Jaeger out of administration
High street retailer Marks & Spencer is buying the Jaeger fashion brand out of administration.
Asia report: Markets mixed as traders watch US developments
Markets in Asia closed in a mixed state on Tuesday, with equities in China leading the gainers, as investors watched developments stateside where House Democrats introduced an article of impeachment against outgoing US president Donald Trump.
Wood Group secures $120m contract for ethylene expansion in China
Wood Group has secured a contract valued at more than $120m with Sinopec to provide engineering, procurement and construction (EPC) services to expand its refinery development in the Hainan Free Trade Zone (FTZ) in South China.
Kingfisher sees FY profits at upper end of expectations
B&Q owner Kingfisher said it expected profits at the top end of forecasts after a sharp rise in fourth quarter sales, driven by the continuing DIY boom and online purchases during coronavirus restrictions.
Games Workshop interims beat its expectations
Miniature wargames manufacturer Games Workshop reported a better first-half performance on Tuesday than it had been expecting, as the group continues to benefit from Covid-19 restrictions and lockdowns.
Derwent London collects 83% of December rent
Derwent London has collected has received 87% of its December office rent - which represents around 91% of its total rental income - but just 26% of its retail/hospitality rent.
EU drug watchdog reviewing Astra/Oxford Covid vaccine application
The EU’s drugs regulator said it would review a conditional approval application for AstraZeneca and Oxford University's Covid-19 vaccine this month under an accelerated timeline.
LondonMetric buys two new warehouses in Manchester and Birmingham
LondonMetric Property announced the acquisition of two urban logistics warehouses in Manchester and Birmingham on Tuesday, for £39m, reflecting a blended yield on cost of 4. 25%.
London open: Stocks little changed as investor mull retail sales
London stocks were little changed in early trade on Tuesday amid ongoing concerns about the Covid-19 pandemic and the potential for tighter restrictions, as investors digested dire UK retail sales figures.
XP Power 'performing well' at end of 2020
Power control components manufacturer XP Power updated the market on its trading for 2020 on Tuesday, reporting a ”strong finish” to the year, with revenue in line with the board’s expectations.
Vectura reports 'strong' operational performance in 2020
Inhaled medicines-focussed pharmaceutical company Vectura Group updated the market on its trading on Tuesday, saying it expected revenue and adjusted EBITDA for 2020 to be ahead of board expectations, following the fourth quarter approval of VR315 (US), or generic ‘Advair’, alongside Hikma.
Europe open: Shares bounce back on US stimulus hopes
European shares started Tuesday in positive form, rebounding from Monday’s session as upbeat corporate news and US stimulus hopes drove sentiment.
Johnson Matthey appoints Stephen Oxley as new CFO
Johnson Matthey has appointed Stephen Oxley as its new chief financial officer with effect from 1 April.
Rathbone Brothers reports solid year for funds under management
Rathbone Brothers updated the market on its funds under management and administration (FUMA) for 2020 on Tuesday, reporting total FUMA as at 31 December of £54. 7bn, up 8. 6% year-on-year.
Grafton lifts FY profits forecasts on Nov, Dec DIY surge
Building materials distributor and DIY group Grafton upgraded full year profits guidance after as households spent a greater proportion of disposable income on their homes in November and December.
Playtech full-year results to beat expectations
FTSE 250 gambling software company Playtech said on Tuesday that its FY 2020 performance was set to be ahead of consensus expectations, with its financials division, Finalto - formerly TradeTech - the standout performer.
Land Securities still waiting on £35m of December rent
Land Securities updated the market on its rent collection for December on Tuesday, reporting that of the £112m that fell due on the 25th of the month, £35m remained outstanding.