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Superdry warns over going concern risks as losses widen
Fashion brand Superdry warned on Tuesday over its ability to continue as a going concern, reporting a widening of its interim losses and a slump in revenue as it took a hit from the pandemic and related store closures.
Kier says interim figures will beat expectations as sale hopes rise
Keir Group expects to post half-year numbers slightly ahead of expectations, the construction and infrastructure specialist said on Tuesday, as speculation over the future of its loss-making housebuilding unit continued.
Berenberg upgrades AJ Bell to 'hold'
Berenberg upgraded its stance on shares of investment platform AJ Bell on Tuesday to ‘hold’ from ‘sell’, hiking the price target to 400p from 230p.
Watkin Jones turns out 'solid' full-year performance
Build-to-rent developer Watkin Jones described a “solid” financial performance in its full-year results on Tuesday, with revenue falling 5. 5% for the year, primarily as a result of forward sales of developments being deferred due to Covid-19 uncertainty.
Carlyle, KKR and CVC among bidders for Rolls-Royce's ITP Aero - report
Private equity firms Carlyle, CVC and KKR are reportedly among the bidders for engine maker Rolls-Royce’s Spanish business, ITP Aero.
Knights Group revenue and profits improve in first half
Legal services company Knights Group reported a 45% improvement in first-half revenue on Tuesday, to £46. 2m, with the benefit of the contribution of £19. 1m from acquisitions.
Kape Technologies reports 'strong' trading in 2020
Digital security and privacy software company Kape Technologies said it traded “strongly” throughout 2020 on Tuesday, reporting that it “substantially” grew its customer footprint and built its profile across the consumer privacy and security markets.
Audioboom turns in record Q4 performance
Podcast company Audioboom said on Tuesday that it had seen a record quarterly performance in the three months ended 31 December.
CBI calls for furlough scheme to be extended
The Confederation of British Industry has called on the chancellor to extend the furlough scheme, warning that companies had been hit hard by the latest round of lockdown restrictions.
TruFin FY revenues 'significantly ahead' of market expectations
Financial services firm TruFin said on Tuesday that full-year revenues were expected to be "significantly ahead" of market expectations at approximately £14. 6m.
US needs to 'act big' to counter Covid impact on economy - Yellen
The US needs to take "act big" to counter the economic impact of the Covid-19 pandemic, Treasury Secretary nominee Janet Yellen was expected to say at her Senate confirmation hearing later on Tuesday,.
Corero Network Security builds on record H1
Cybersecurity firm Corero Network Security said on Tuesday that it had continued to build on its record first-half performance, with increased momentum in order intake and revenue growth in the tail-end of 2020.
Online sales offset store closures at Hotel Chocolat
Premium chocolatier Hotel Chocolat reported a jump in revenue on Tuesday as a rise in online sales helped to offset the impact of store closures due to Covid-19 lockdowns.
AO World third quarter sales soar, but warns on rising costs
Electrical retailer AO World posted a 67% rise in UK third quarter revenues as locked consumers bought more goods online during the coronavirus pandemic, but the company also warned on "significantly higher" rising costs.
Telit Communications FY revenues slide amid Covid-19 pandemic
Internet of Things outfit Telit Communications said on Tuesday that full-year revenues were projected to have declined 10. 4% in 2020, an outcome it said showed the company's "considerable resilience".
Glencore seals $1.5bn deal to offload Mopani Copper Mines
Glencore has agreed to sell Mopani Copper Mines to the Zambian government in a $1. 5bn deal, it was announced on Tuesday.
London open: Stocks rise ahead of Yellen testimony
London stocks rose in early trade on Tuesday as investors awaited a testimony on stimulus by incoming US Treasury Secretary Janet Yellen.
New EU car registrations continue to fall in December
New car registrations fell 3. 3% year-on-year across the EU in December, according to the European Automobile Manufacturers Association, capping off a year full of the worst declines on record.
Zafar Kahn steps up as British American Tobacco operations director
British American Tobacco said on Tuesday that its operations director Alan Davy would step down from the board on 31 January, and would leave the company on 31 May to “pursue new challenges” and “spend more time with his family”.
Hammerson rent collection improves as market remains 'challenging'
Hammerson said on Tuesday that market conditions had remained “challenging” over the last three months, with national lockdowns introduced in the UK, Ireland, and France in November, and “significant restrictions” in place across its portfolio through December.