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Mitie revenues double in first quarter, boosted by acquisition
Mitie said on Tuesday that group revenues doubled in the first quarter following the acquisition of Interserve's facilities management business, sending shares in the outsourcer sharply higher.
Europe midday: China worries, MorphoSys drag sentiment lower
European stocks were still lower on Tuesday as sharp falls in Hong Kong and Shanghai dragged on sentiment along with downbeat news from Reckitt Benckiser and MorphoSys.
FirstGroup CEO steps down after pressure from Coast Capital
FirstGroup chief executive Matthew Gregory has decided to step down after pressure from major shareholder Coast Capital as the company swung to a full-year profit.
London midday: Stocks in the red as Reckitt slides; Croda bucks trend
London stocks were off lows but still in the red by midday on Tuesday as investors waded through a raft of earnings, with consumer goods giant Reckitt pacing the decline after disappointing results.
Asia report: Markets mixed as Chinese tech plays plunge further
Markets in Asia finished in a mixed state on Tuesday, with Hong Kong’s main index sliding more than 4% for the second session in a row, amid an ongoing sell-off in China-focussed technology plays.
OnTheMarket advertiser count grows following year of 'considerable progress'
Property search portal operator OnTheMarket said on Tuesday that the year ended 31 January had been one of "strong performance and considerable progress", with momentum from said period also spilling over into the new trading year.
Motorpoint reports record sales as it begins new financial year
Independent vehicle retailer Motorpoint Group said on Tuesday that it enjoyed “record sales” in the first two months of its financial year, both online and in-branch, “significantly ahead” of the same period in the 2020 financial year, pre-pandemic.
UK retail stocks slump to record low - CBI
UK retail sales rose strongly in July but stocks fell to a record low and are set to dip further amid supply problems, a CBI survey showed.
Reach H1 revenues and operating profits grow
Publishing firm Reach said on Tuesday that both revenues and operating profits had improved in the six months ended 27 June.
Cat Rock calls on Just Eat to explore combinations, sell non-core assets
Just Eat Takeaway. com should explore combinations with other global players and consider selling non-core assets if it wants to defend itself against a potential hostile takeover, according to one of the company’s largest shareholders.
In the Style posts profit as fashion shoppers go online
In the Style swung to an annual profit in its first results as a public company as the womenswear group's revenue more than doubled in the shift to online shopping during the pandemic.
International Personal Finance swings to interim pre-tax profit
Consumer credit lender International Personal Finance said on Tuesday that pre-tax profits had grown in the six months ended 30 June.
Consumer goods giant Reckitt swings to H1 loss
Consumer goods giant Reckitt said on Tuesday that it swung to a loss in the first half of the year as it wrote down the value of its IFCN business and pointed to mounting cost pressures.
HICL Infrastructure investments recovering in line with forecasts
HICL Infrastructure said in a trading update on Tuesday that public-private partnership (PPP) projects, which represented 71% of portfolio value as at 31 March, continued to perform in line with expectations in the period from 1 April to 27 July.
Capital & Counties confident of long-term prospects despite falling portfolio valuation
Property investment and development firm Capital & Counties said on Tuesday that it was confident in the long-term prospects for its prime central London locations despite a continued decline in its portfolio valuation throughout the first half of 2021.
Tyman sees annual results topping estimates
Tyman said it expected annual results to slightly exceed analysts' top estimate after strong demand fuelled a jump in first-half profit.
Unite Group swings back to profit in first half
Student accommodation company Unite Group reported an 18% improvement in EPRA earnings in its first half on Tuesday, to £88. 3m, as EPRA earnings per share improved 8% to 22. 2p.
Vivo Energy H1 earnings underpinned by retail business
Vivo Energy reported a jump in first-half earnings on Tuesday thanks to a solid performance from the retail business.
Europe open: China share slump, Reckitt weigh on stocks
European stocks fell at the open on Tuesday as sharp falls in Hong Kong and Shanghai dragged on sentiment along with below-par quarterly sales from Reckitt Benckiser.
St Modwen names Rachel Kentleton as CFO
Property investment and development business St Modwen Properties named Rachel Kentleton as its chief financial officer on Tuesday, effective from 6 August.