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Paragon in £40m buyback as interim profits soar
Buy-to-let specialist lender Paragon Bank on Tuesday reported higher interim profits and a £40m share buyback as the housing market recovered from the Covid pandemic.
ICG ups fundraising target as profit surges
Intermediate Capital Group increased its fundraising target after exceptional performance by its investment arm caused annual profit to more than quadruple.
Restaurant Group Chair Debbie Hewitt to step down
Wagamama owner Restaurant Group said on Tuesday that Chair Debbie Hewitt will step down with effect from 31 December to take on the same role at the English Football Association.
Dechra Pharmaceuticals FY revenue to beat market expectations
Dechra Pharmaceuticals said on Tuesday that full-year revenue was set to be ahead of consensus expectations, as it continues to benefit from strong market fundamentals and lower costs.
Paragon Bank interim profits rise, British American Tobacco hikes guidance
London open The FTSE 100 is expected to open seven points lower on Tuesday, having closed up 0. 12% on Monday at 7,077. 22.
BAT ups revenue guidance as non-combustibles grow
British American Tobacco increased its guidance for annual revenue growth as it attracted more non-combustible product customers and reported a solid performance for its tobacco brands.
London pre-open: Stocks seen muted amid growing doubts over lockdown easing
London stocks were set for a muted open on Tuesday amid reports that the lifting of lockdown measures could be delayed by between two weeks and a month.
Tuesday newspaper round-up: Hospitality rent, TfL, FaceTime
The government must convince commercial landlords to forego some of the rent built up during the pandemic or face a wave of insolvencies when payments fall due in July, business leaders have warned. Speaking at a Treasury select committee hearing, trade body bosses in travel, hospitality and retail said the easing of restrictions was not enough to avoid business failures and job losses in debt-laden sectors. - Guardian.