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UK retail sales jump as economy reopens
UK retail sales strengthened in May, industry data showed on Tuesday, as the economy continued to emerge from lockdown.
Oncimmune FY revenues tracking in line with expectations
Immunodiagnostics group Oncimmune said on Tuesday that 2021 full-year revenues were in line with market expectations,.
Mineral & Financial NAV grows as it increases precious metal holdings
Mineral & Financial Investments updated the market on its net asset value per share at the end of the third quarter on Tuesday, with the figure rising 13% year-on-year to 17. 1p.
Mervyn King warns on inflation, criticises central banks
Mervyn King, the former governor of the Bank of England, has warned that fiscal stimulus measures and the erosion of central bank independence threaten a return to high inflation.
Asia report: Most markets weaker as Japan GDP details disappoint
Most bourses in the Asia-Pacific region closed in negative territory on Tuesday, as investors digested the latest data out of Japan, showing its economy shrinking at a slower rate than expected.
RBC Capital initiates coverage of Pets at Home, Halfords
RBC Capital Markets initiated coverage of Pets at Home and Halfords on Tuesday, arguing that the former has a fairly full valuation, while the latter is "shifting up a gear".
Itaconix sees 'strong' H1 revenue growth despite 'small decline' in personal care unit
Plant-based polymers developer Itaconix said on Tuesday that "strong revenue growth" in its odour control unit, continued growth in detergents and "a small decline" in personal care had combined to boost overall unaudited revenues by 39% over the first five months of the year.
Amino Technologies H1 revenues expected to be 'significantly ahead' of prior year
Media technology company Amino Technologies said on Tuesday that first-half revenues were expected to be "significantly ahead" of prior year comparatives, with continued improvement seen in both earnings quality and visibility.
BP Marsh hikes dividend as NAV, profits grow
Specialist financial services investor BP Marsh reported a total shareholder return of 10. 1% in its final results on Tuesday, including the dividend paid in July.
Filta Group experiences 'increasing level of demand' across all territories
Commercial kitchen solutions provider Filta Group said on Tuesday that it had continued to experience "an increasing level of demand" for its services across all territories and also highlighted "a clear link" to the success of Covid-19 vaccine rollouts and the phased exit of lockdowns.
OntheMarket swings to first profit amid property boom
OnTheMarket swung to its first annual profit after business increased during the UK's housing market boom.
Omega Diagnostics progresses Covid-19 test with EU, US regulators
Medical diagnostics company Omega updated the market on regulatory approvals for the ‘Visitect’ Covid-19 antigen test on Tuesday, confirming that it has started engaging with its European notified body, seeking CE-marking of the test.
PCI-PAL raises expectations amid strong fourth quarter
Business payment technology company PCI-PAL updated the market on its trading on Tuesday, reporting that the positive trading momentum since the end of the third quarter had continued.
Xpediator lifts expectations after strong start to year
Freight management service provider Xpediator said on Tuesday that demand for its services across all three divisions had been “strong” in the first five months of the year, with the parts of the transport, and logistics and warehousing divisions, that were impacted by the Covid-19 pandemic now all trading positively.
Serabi Gold upbeat on drilling results from Toucano Zone
Brazil-focussed gold mining and development company Serabi Gold updated the market on exploration drilling results from the Toucano Zone at the Sao Domingos project on Tuesday, which lies to the west and along strike of its Sao Chico deposit.
MTI Wireless secures three-year service contract with major Canadian city
Technology outfit MTI Wireless said on Tuesday that its wireless irrigation control solutions subsidiary, Mottech Water Solutions, had secured a three-year service contract with a major Canadian city estimated to be worth approximately CAD $300,000 (£175,590).
Europe open: Weak German data tempers sentiment as shares edge ahead
European stocks edged higher at the opening on Tuesday as weak German industrial output data kept a check on sentiment.
London open: Stocks edge up amid well-received earnings
London stocks were up in early trade on Tuesday, helped along by some well-received earnings, but gains were muted amid reports the lifting of lockdown measures could be delayed by up to a month.
German industrial production drops more than expected
German industrial production fell more than expected in April as signs emerged that supply constraints were holding back output.
Oxford Instruments revenue, earnings grow against 'challenging' backdrop
Oxford Instruments reported revenue growth of 1. 7% at constant currency in its preliminary results on Tuesday, to £318. 5m, against a “challenging” backdrop.