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IP Group portfolio company completes Series C financing
Intellectual property-based business investor IP Group said on Tuesday that portfolio company Artios Pharma had completed a $153. 0m Series C financing to fund the further development of its clinical-stage pipeline.
London open: Stocks drop as Reckitt disappoints; US tech earnings eyed
London stocks fell in early trade on Tuesday as investors waded through a raft of earnings, with consumer goods giant Reckitt pacing the decline after disappointing results.
Ascential raises £153.0m via share placing, swings to interim operating profit
Media firm Ascential said on Tuesday that it had raised £153. 0m via a share placing as part of an effort to fund its pipeline of acquisitions and also revealed that it had swung to an interim reported operating profit.
Asia report: Shares mixed as China tech stocks under pressure
Asia-Pacific shares were mixed on Tuesday trade as Chinese tech stocks in Hong Kong remained under pressure after sharp falls on Monday.
Anglo American's Kumba Iron Ore interim EBITDA bolstered by higher realised iron ore prices
Mining firm Anglo American said on Tuesday that Kumba Iron Ore, in which it holds a 69. 7% stake, had delivered solid underlying earnings in the first half of 2021 thanks to higher realised iron ore prices and a focus on cost containment.
Moonpig profits, revenue double as Covid lockdowns benefit
UK online greeting card company Moonpig doubled revenue and profits in its maiden results as a listed company but warned of a fall in sales in the coming months as Covid restrictions were eased.
Mediclinic still expects revenue, EBITDA growth across divisions
Private hospital operator Mediclinic said on Tuesday that for the year to the end of March 2022, it still expects to deliver growth in revenue and EBITDA across all three of its divisions, amid solid demand.
Games Workshop posts jump in FY sales, profit
Miniature wargames manufacturer Games Workshop posted a jump in full-year profit and revenue on Tuesday and lifted its dividend as it continued to benefit from increased interest in its miniature figures since Covid restrictions were put in place.
Polymetal sticks to guidance after solid Q2
Polymetal International stuck to its guidance for annual production and costs as the precious metals miner reported solid results for the second quarter.
Greencore lifts annual guidance after strong Q3
Convenience foods manufacturer Greencore lifted annual profits guidance after a strong third quarter as Covid lockdown measures were relaxed.
Playtech sees trading in line despite Italy lockdown
Gambling technology group Playtech said first-half trading was in line with expectations with its online business offsetting longer-than-expected closures at its Italian retail operations.
Croda forecasts annual profit to beat expectations
Croda International said it expected annual profit to be well ahead of expectations as the speciality chemicals company reported record results for the first half.
London pre-open: Stocks to edge lower as investors eye earnings, Fed
London stocks were set to edge lower at the open on Tuesday as investors eyed a slew of earnings releases and the first day of the Federal Reserve’s policy meeting.
Virgin Money releases £19m of provisions as economy improves
Virgin Money UK released £19m of credit provisions in the third quarter and upgraded its margin guidance for the year as the bank traded in line with expectations.
Tuesday newspaper round-up: Tesla, house prices, Hinkley Point, Ultra
Tesla made a profit of more than $1bn in the last three months even as it struggled to keep up with demand for electric cars in the face of a global chip shortage. The company announced Monday that it has made a profit of $1. 14bn in its second quarter, 10 times what it made a year ago and its eighth quarter of back-to-back profits. - Guardian.