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AO World warns profits to be hit by supply chain issues, product shortages
Online electrical retailer AO World cut its profit outlook as it warned of product shortages due to supply chain issues and higher costs.
Thyssenkrupp slides as Cevian sells 43m shares
Thyssenkrupp shares slumped on Tuesday after Swedish investment firm Cevian Capital sold 43m shares in the engineer and steel producer in a placing.
Record H1 pre-tax profits double on improved revenue and margins
Management consulting company Record said on Tuesday that pre-tax profits had doubled in the six months ended 30 September thanks to improved revenues and increased operating margins.
Telecom Plus first-half revenues rise but profit drops
Telecom Plus, which trades as Utility Warehouse, reported a drop in half-year profit on Tuesday but a 6% jump in revenue thanks in part to a colder spring relative to the prior year.
Compass Group FY profits grow despite revenue contraction
Foodservice company Compass Group said on Tuesday that both underlying and statutory operating profits had grown in 2021 despite reporting a reduction in revenues.
CRH expecting solid earnings after strong third quarter
CRH reported “strong growth” in its profitability on Tuesday, as well a further margin expansion, with sales rising 11% for the first nine months of the year, to $22. 8bn.
Europe open: Shares slump on rising Covid cases
European stocks slumped at the opening on Tuesday as a spike in Covid-19 cases hit investor sentiment.
London open: Stocks fall on Covid worries; PMIs eyed
London stocks fell in early trade on Tuesday amid concerns about rising Covid cases and tightening restrictions in Europe, as investors eyed the latest readings on the UK services and manufacturing sectors.
Cranswick H1 revenue and profits grow
Food producer Cranswick left its full-year guidance in place on Tuesday despite posting interim profits that topped expectations.
Bodycote warns on revenue as shortages hit auto unit
Heat treatment specialist Bodycote warned full year revenues would be lower due to supply chain bottlenecks in the automotive industry.
Severn Trent accelerates river quality target as profits rise
Water utility Severn Trent said it was accelerating plans to improve river quality as it reported a rise in half-year profits.
Pets at Home backs FY guidance as interim profits jump
Pets at Home backed its full-year profit guidance on Tuesday as it posted a jump in interim profit and revenue, highlighting a rise in pet ownership.
Softcat sees profit, revenue growth in Q1
IT infrastructure technology and services company Softcat reported first-quarter profit and revenue growth driven by high demand.
Coats revenues rise 22% on economic recovery
Industrial thread maker Coats reported a rise in organic revenue as demand recovered from the Covid pandemic and new business wins lifted performance.
London pre-open: Stocks seen down after Wall Street reversal
London stocks were set to fall at the open on Tuesday following a late reversal on Wall Street.
AO World warns over supply chain issues, CRH turns in strong third quarter
London open The FTSE 100 is expected to open 50 points lower on Tuesday, having closed up 0. 44% at 7,255. 46 on Monday.
Reach sees trading ahead of expectations as registrations rise
UK newspaper publisher Reach on Tuesday said trading was ahead of expectations, driven by a rise in customer registrations for its websites.
Tuesday newspaper round-up: Netflix, Crossrail, British Airways, NMC Health
The economic fallout from the coronavirus pandemic has made Britain’s workforce smaller, younger and more female after a sharp rise in people leaving work during lockdown, according to a report. The Resolution Foundation said that while mass unemployment had been avoided during the Covid-19 emergency, there had been an increase in people who had exited the workforce and were no longer looking for a job. - Guardian.