Market Pulse
Mediclinic earnings still laid low amid Abu Dhabi turnaround
First-half earnings from Mediclinic International will be down around 10% at the underlying level as the hospital operator turns around its Middle East business.
Virgin Money performing in line as credit behaviour remains 'stable'
Virgin Money updated the market on its third quarter trading on Tuesday, reporting that profitability, earnings and underlying return on tangible equity were all in line with expectations.
Rough diamond sales drop at Anglo American's De Beers
Sales at Anglo American’s De Beers diamond business fell in the eighth sales cycle of the year, in line with the group’s expectations.
CMA condition satisfied in IP Group offer for Touchstone
IP Group’s offer for Touchstone Innovations was back on track on Tuesday morning, following a statement from the Competition and Markets Authority confirming that the competition watchdog had decided not to refer the merger to a Phase 2 investigation.
AstraZeneca's Imfinzi clears latest FDA regulatory hurdle
AstraZeneca and its global biologics research and development arm MedImmune announced on Tuesday that the US Food and Drug Administration (FDA) has accepted a supplemental Biologics License Application (sBLA) for Imfinzi (durvalumab), for the treatment of patients with locally advanced (Stage III) unresectable non-small cell lung cancer (NSCLC) whose disease has not progressed following platinum-based chemoradiation therapy.
London open: Stocks flat ahead of inflation data; Pearson surges but Merlin tanks
London stocks were flat in early trade on Tuesday as investors erred on the side of caution ahead of key inflation data.
Big four supermarkets relying on inflation for growth - Nielsen, Kantar find
Major supermarket groups Tesco, Sainsbury's, Asda and Morrisons continued to both grow sales and lose ground to discounters, with Aldi and Lidl contributing the entire grocery market's volume growth in recent weeks.
Moneysupermarket Q3 revenue rises as insurance business does well
Price comparison website Moneysupermarket. com reported a jump in revenue for the third quarter and said it was “on track for another record year”.
Tuesday newspaper round-up: Brexit dinner, Spain, Interserve, Lloyds
Theresa May's hopes of breaking a deadlock in Brexit talks appeared to be given a boost after she and Jean-Claude Juncker agreed to "accelerate" negotiations. The Prime Minister flew out to dinner with Mr Juncker, the President of the European Commission, after a Brexit charm offensive with other EU leaders ahead of a summit on Thursday. - Telegraph.
Smiths Group appoints John Shipsey as CFO
Smiths Group has appointed John Shipsey as chief financial officer designate with effect from Wednesday.
Bellway profit rises as demand remains strong
FTSE 250 housebuilder Bellway reported a jump in full-year profit and revenue on Tuesday as demand for new housing remained strong.
Pearson tweaks profits guidance as US market not as bad as feared
Pearson's underlying revenues fell 2% in the first nine months of the year, largely as expected, but the educational publisher improved its earnings guidance and promised a £300m share buyback.
Rio Tinto cuts full-year copper guidance
Rio Tinto cut its copper guidance for the year on Tuesday as it reported a drop in mined copper in the third quarter.
London pre-open: Stocks seen higher ahead of inflation data
London stocks were set for a positive open on Tuesday following an upbeat session in the US, as investors eye key inflation data.