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FTSE 250 movers: Meggitt slides; M&S boosted by UBS note
London’s FTSE 250 was down 0. 5% at 24,131. 62 in afternoon trade on Tuesday.
Marlowe acquires consulting firm Santia in £4.5m deal
Regulatory software and services provider Marlowe has acquired environmental safety testing and consultancy company Santia, it announced on Tuesday, for consideration of up to £4. 5m.
Meggitt tumbles as TransDigm says it won't make an offer
Meggitt shares tumbled on Tuesday after US aerospace manufacturer TransDigm said it does not plan to make an offer for the London-listed defence and aerospace engineer following "quite limited" due diligence information, clearing the way for Parker-Hannifin.
FTSE 100 movers: Ocado hit by UBS note; DS Smith rallies
London’s FTSE 100 was down 0. 4% at 7,158. 84 in afternoon trade on Tuesday.
Michael Saunders says Bank may need to hike rates in 2022
The Bank of England may need to raise interest rates over the "next year or so" if the UK economy continues to recover and inflation remains persistently higher than expected, a top official said.
Avantor to buy Masterflex in $2.9bn deal
US laboratory products provider Avantor has agreed to buy the Masterflex bioprocessing business from privately-held Antylia Scientific for $2. 9bn in cash.
Boku revenues, earnings rise in first half
Mobile payments and identity provider Boku reported a 38% rise in group revenues for its first half on Tuesday, to $34. 2m, with organic group revenue growth strong at 21%, excluding acquired Fortumo revenues.
Gamma Communications revenue rises 'strongly' in first half
Business communications provider Gamma Communications reported a 23% improvement in revenue in its first half on Tuesday, to £217. 4m.
Enbridge to buy Moda from EnCap for $3bn
Canadian pipeline company Enbridge has agreed to buy Moda Midstream Operating from EnCap Flatrock Midstream for $3bn in cash.
State Street to buy Brown Brothers Harriman’s investor services business for $3.5bn
State Street has agreed to buy Brown Brothers Harriman & Co. ’s investor services business, including its custody, accounting, fund administration, global markets and technology services, for $3. 5bn in cash.
James Fisher cuts guidance after weak summer
James Fisher cut its guidance for annual results after weak trading and project suspensions affected the marine services group's business over the summer.
Parsley Box interim losses widen as input prices rise
Parsley Box shares slid on Tuesday after the provider of ready meals reported a widening of its interim losses as it highlighted a rise in input prices.
Renew lifts profit expectations ahead of year-end
Infrastructure engineering services provider Renew updated the market on its trading on Tuesday, reporting a continued “strong” trading performance since its interim results.
Midwich swings back to operating profit in first half
Trade-focussed audio-visual distributor Midwich reported a 29. 2% improvement in first-half revenue on Tuesday, to £390. 1m, which it put down to the strength of the ongoing recovery from the impact of Covid-19.
Victoria reports 'solid' trading despite ongoing Australia lockdowns
Flooring designer and manufacturer Victoria said in an update on Tuesday that its recent trading had been “solid”, with consumers continuing to invest in their homes and commercial demand for flooring returning.
Competition watchdog raises concerns over Sony purchase of AWAL
Sony's completed purchase of music distribution company AWAL has raised competition concerns, the watchdog said on Tuesday, following a Phase 1 investigation.
IQE revenues fall amid 'significant' forex headwinds
Semiconductor wafer products and advanced materials company IQE reported revenue of £79. 5m in its first half on Tuesday, representing a 2. 5% year-on-year decrease at constant currency against a record first half in 2020, in line with previous guidance.
London midday: Stocks maintain losses; DS Smith bucks trend after update
London stocks were still a little weaker by midday on Tuesday following gains in the previous session, as investors mulled the latest house price and retail sales data.
Europe midday: Stocks edge lower after German ZEW; ECB eyed
European stocks had edged lower by midday on Tuesday as investors mulled over the latest reading on German investor sentiment, with all eyes on this week’s European Central Bank meeting.
German investor sentiment deteriorates amid chip shortages
German investor sentiment deteriorated more than expected in September amid a shortage of semiconductors and building materials, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.