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US house price gains continue accelerating in May
US house price gains accelerated further in May with the annual rate of increase rising at its fastest pace in over 30 years, the results of a closely-followed survey revealed.
Peel Hunt downgrades Moonpig after results
Peel Hunt downgraded its stance on shares of Moonpig to ‘hold’ from ‘buy’ on Tuesday after the company’s prelims, and put the 500p price target under review.
Advanced Medical Solutions appoints Chris Locke as technology chief
Surgical and advanced wound care specialist Advanced Medical Solutions announced on Tuesday that, on 9 August, Chris Locke would join its senior management team as chief technology officer.
Cohort reports record full-year revenue and adjusted profit
Cohort reported record revenue and adjusted operating profit in its preliminary results on Tuesday, despite an estimated Covid-19 impact of £6m on group revenue and £0. 2m on adjusted operating profit.
Ergomed maintains order book growth in first half
Pharmaceutical service provider Ergomed reported total revenue growth of 38. 8% in a first-half trading update on Tuesday, to £56m, with growth of 48. 1% at constant currency.
Ceres Power on track for first-half forecasts
Fuel cell and electrochemical technology company Ceres Power updated the market on its first half on Tuesday, reporting that revenue and other operating income for the six months ended 30 June would be around £17m, up from £8. 9m in the prior period, with a “consistently high” gross margin.
Restore revenue beats expectations in first half
Information and data management company Restore reported a 19% improvement in first-half revenue on Tuesday, to £106. 1m, ahead of management expectations.
FRP Advisory posts strong full-year results
Professional services company FRP Advisory Group reported a 25% improvement in revenue in its full-year results on Tuesday, to £79m, with organic growth of 15% and inorganic growth coming in at 10%.
Court of Appeal reopens £5bn dam collapse case against BHP
The Court of Appeal in London is reversing its decision over the £5bn Fundao dam collapse lawsuit against BHP, it was revealed on Tuesday, meaning 200,000 claimants would now be able to appeal a lower court’s November decision to throw out the case.
Uniphar reports strong first-half momentum
Pharmaceutical and medical technology service provider Uniphar said in a trading update on Tuesday that strong momentum had continued throughout its first half.
General Electric Q2 revenues grow, raises FCF forecasts
General Electric raised its full-year free cash flow forecast on Tuesday amid an expected boom in demand for its jet engines and spare parts thanks to a recovery in the aviation market that led to revenue growth throughout the second quarter.
Sabre misses 1H profit estimates, but analysts say outlook positive
Sabre Insurance posted modestly lower than expected profits for the front half of the financial year amid rising expenses.
Barclays ups Ascential share price target
Barclays stuck to its 'equal weight' rating for Ascential and increased its share price target after the events, information and analytics company raised £153m to fund acquisitions and posted positive interim results.
Savills lifts 2021 house price growth forecast
Savills lifted its 2021 house price forecast on Tuesday, citing the extension of the stamp duty holiday.
FCA offers Spacs flexibility in return for protections
The Financial Conduct Authority has allowed special purpose acquisition companies more flexibility in return for stronger consumer protections in a push to attract more of the vehicles to the UK.
Peel Hunt raises target price on John Menzies
Analysts at Peel Hunt raised their target price on aviation services firm John Menzies from 407. 0p to 451. 0p on Tuesday as the firm continued to trade had of their expectations.
Robert Walters posts record H1 profit amid 'war for talent'
Recruiter Robert Walters posted record first-half profits on Tuesday as it pointed to a "global war for talent", driven by acute shortages of professionals across almost all disciplines due to the Covid-19 crisis.
John Menzies trading ‘slightly ahead’ of market expectations
Aviation services group John Menzies said on Tuesday that it continues to trade "slightly ahead" of current market expectations, with weakness in European ground services offset by better trading elsewhere.
Berenberg ups Liontrust target price, keeps 'hold' rating
Berenberg increased its price target on Liontrust Asset Management shares and kept its 'hold' rating, arguing the stock is priced efficiently after a sharp rise.