Market Pulse
AstraZeneca's Lynparza shows positive results in pancreatic cancer trial
AstraZeneca has reported positive results from a phase 3 trial of the Lynparza drug, which met the primary endpoint in a study for metastatic pancreatic cancer.
XLMedia warns of extra-small revenue
Digital marketing outfit XLMedia expects revenues to drop as much as $30m in its current trading year following its strategic shift away from media operations.
StanChart tweaks strategy as profits come in short
Standard Chartered said it plans to cut costs, sell its stake in its Indonesian partner and ramp-up investment in technology after the emerging markets lender's profits came in lower than expected for last year.
Fresnillo shares lose their shine as profit slumps
Shares in precious metals miner Fresnillo slumped on Tuesday as it posted a 34. 7% drop in full-year pre-tax profit and warned that 2019 will be another challenging year.
WYG head of finance steps down following profit warning
Professional services company WYG revealed on Tuesday that chief financial officer Iain Clarkson had stood down from its board with immediate effect.
Morses Club acquires online loans provider CURO
Credit lender Morses Club has acquired online loans provider CURO Transatlantic in order to expand its digital offerings in response to growing demand.
Meggitt profit drops despite strong growth in all end markets
FTSE 250 engineering group Meggitt reported a drop in full-year pre-tax profit on Tuesday even as revenue rose amid strong growth in all end markets.
Scott Parsons steps down as MD of Landsec retail portfolio
Land Securities Group announced on Tuesday that Scott Parsons has resigned from his role as managing director of the company’s retail portfolio.
London open: Stocks drop as sterling rallies; Persimmon rebounds
London stocks tumbled in early trade on Tuesday, taking their cue from losses in Asia, with a stronger pound weighing on the top-flight index amid hopes of an extension to Article 50.
Persimmon profits top £1bn as use of Help to Buy grows
Persimmon topped £1bn of profits last year as the housebuilder's sales and margins were boosted by almost half its houses being sold under the government's Help to Buy scheme.
Croda announces £150m special dividend as profit ticks up
Specialty chemicals company Croda International announced a £150m special dividend on Tuesday as it said full-year pre-tax profit nudged higher.
Charlotte Jones appointed finance chief at RSA
RSA Insurance Group announced the appointment of Charlotte Jones as its chief financial officer on Tuesday, replacing Scott Egan who moved to become chief executive officer of RSA's UK and International Division on 5 February.
London pre-open: Stocks seen lower on weak Asian cues, firmer pound
London stocks were set for a downbeat open on Tuesday, taking their cue from a negative Asian session as optimism over Sino-US trade relations faded and as the pound popped higher on hopes of an extension to Article 50.
Tuesday newspaper round-up: Tesla, Monsanto, Vodafone, debt
The US Securities and Exchange Commission on Monday asked a judge to hold Tesla’s CEO, Elon Musk, in contempt for violating last year’s settlementwith the federal agency. Shares of Tesla fell about 5% in extended trading. The regulator pointed to Musk’s 19 February tweet saying “Tesla made 0 cars in 2011, but will make around 500k in 2019”, noting that Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people.