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Broker tips: Superdry, Electrocomponents, British Land
Analysts at Berenberg raised their target price on clothing retailer Superdry from 235. 0p to 280. 0p on Tuesday but stated a "leap of faith" was required as the group's risk/reward balance was weighted very evenly.
10-year Gilts hit 1.0% for first time since March 2020
Yields on longer-term UK government debt hit their highest level since March 2020 on Tuesday, amid signals from some central banks that they were ready to begin weaning their economies off emergency stimulus programmes.
DeepMatter inks deal with India pharma giant Dr. Reddy's
Digital chemistry technology company DeepMatter has signed a contract with generic pharmaceuticals giant Dr. Reddy's Laboratories, based in Hyderabad, India, for its ‘DigitalGlassware’ platform.
Agronomics investee New Age Meats closes $25m series A funding
Alternative proteins technology investor Agronomics announced on Tuesday that its portfolio company Simply Foods, trading as New Age Meats, had closed a $25m series A funding round led by South Korean conglomerate Hanwha Solutions Corporation.
FTSE 250 movers: Moonpig, FirstGroup under the cosh
London’s FTSE 250 was down 1. 5% at 23,246. 24 in afternoon trade on Tuesday.
Strategic Minerals reports 'significant' tin result from Redmoor trenching
Strategic Minerals announced on Tuesday that its wholly-owned subsidiary Cornwall Resources (CRL) has successfully completed a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation to the west of the established Redmoor resource.
Rockfire making good progress with drilling at Copperhead
Gold and base metals exploration company Rockfire Resources updated the market on its exploration programme underway at its wholly-owned Copperhead porphyry project in Australia’s north Queensland on Tuesday, reporting that the drilling of the first two exploration holes was complete, with a third hole currently in progress.
Ergomed revenue rises as it integrates acquisitions
Ergomed reported total revenue growth of 38. 8% over its first half on Tuesday, to £56m, or an improvement of 48. 1% in constant currency.
FTSE 100 movers: Smiths Group rallies; Sage hit by downgrade
London’s FTSE 100 was down 0. 3% at 7,040. 80 in afternoon trade on Tuesday.
Serica Energy swings back to gross profit in first half
Serica Energy reported a first-half gross profit of £46m on Tuesday, swinging from a loss of £19. 8m year-on-year, with cash flow from operations improving to £63. 8m from £19. 3m.
Asos to create 180 jobs as it invests £14m in Belfast tech hub
Online fashion retailer Asos is planning to invest £14m in a new tech hub in Belfast in a move that will create more than 180 jobs over three years.
EKF Diagnostics agrees acquisition of Texas-based ADL Health
Point-of-care company EKF Diagnostics has agreed to acquire the entire issued capital of Advanced Diagnostic Laboratory (ADL Health), it announced on Tuesday.
US house prices rise 1.4% month-on-month in July
House prices rose across the US in July, up 1. 4% month-on-month, according to the Federal Housing Finance Agency's house price index. On an annual basis, house prices were up 19. 2%.
US goods trade deficit widens to $87.6bn in August
The US goods trade deficit widened to $87. 6bn last month from a revised $86. 8bn in July, according to the Commerce Department, as an increase in foreign-made consumer goods led to imports outpacing exports.
Lagarde warns against 'overreacting' on inflation
The president of the European Central Bank Christine Lagarde has urged caution when responding to surging inflation.
Mortgage Advice Bureau upbeat on first half
Mortgage Advice Bureau reported a 46% rise in revenue in its first half on Tuesday, to £92. 4m, as its gross profit improved 43% to £24. 6m.
CMA mulls probe into £222m Hawthorn Leisure takeover
The Competition and Markets Authority is mulling a potential probe into Admiral Taverns’ £222m takeover of Hawthorn Leisure.
Next Fifteen turns in solid first-half results
Data-focussed consulting firm Next Fifteen Communications reported a 32% improvement in group net revenue in its half-year results on Tuesday, to £165. 9m.
BoA ups target prices for Gazprom and Novatek amid natural gas price spike
Analysts at Bank of America revised their target prices for shares of Gazprom and Novatek higher following the recent spike in natural gas prices.
Lords Group swings to profit in first half
Building materials distributor Lords Group, which recently listed on AIM, said on Tuesday that it swung to a first-half profit as revenues rose.