Market Report
Chris Hsu to lead Micro Focus after HP Enterprise merger
Micro Focus gave the markets some clarity on its future leadership on Tuesday, announcing the appointment of Chris Hsu as its post-merger CEO.
Credit Suisse downgrades Intertek to 'underperform'
Credit Suisse has downgraded Intertek to ‘underperform’ from ‘neutral’ and cut the price target to 3,200p from 3,400p as it took a more cautious view on the rate of recovery in the resources operations and increased risk to its consumer and product divisions.
Hotel Chocolat's Christmas sales not sweet enough for investors
Hotel Chocolat Group’s quarterly revenue rose during the Christmas period due to an increase in footfall for the chocolatier and sales of higher priced items, though investors seemed disappointed about what that implied for like-for-like growth.
RWS Holdings appoints Richard Thompson as CEO
Intellectual property support service provider RWS Holdings has appointed Richard Thompson as chief executive, effective from 1 April, following the retirement of Reinhard Ottway.
Learning Technologies marks profits higher after transformational year
Learning Technologies revealed profits last year were better than expected as a US acquisition significantly outperformed and a contract to provide training to the entire UK civil service began to transform the e-learning group's prospects.
Greggs sees FY slightly ahead of expectations after strong Christmas
FTSE 250 baker Greggs said on Tuesday that its full-year results are likely to be slightly ahead of previous expectations following particularly strong sales over the Christmas period.
StanChart surges on BofA Merrill Lynch upgrade
Standard Chartered got a boost on Tuesday as Bank of America Merrill Lynch upgraded the stock to ‘buy’ from ‘neutral’ and lifted the price target to 900p from 735p, saying the bank was progressing towards reasonable returns.
Dechra revenue surges after several acquisitions
As a result of several acquisitions veterinary pharmaceutical Dechra’s half year revenue surged, while it gained regulatory approval in the US for its generic antibiotic.
Europe open: Stocks tick lower ahead of May's Brexit speech
European stocks ticked lower in early trade as investors awaited a speech by UK Prime Minister Theresa May, in which she is expected to outline the government’s plans for Brexit.
London open: Stocks edge lower ahead of May speech, inflation figures
Stocks in London edged lower in early trade as investors eyed the release of UK inflation data and a speech by Prime Minister Theresa May on her plans for Brexit.
AstraZeneca 'enhances options' in immuno-oncology trials for NSCLC
AstraZeneca has rejigged the target of clinical trials for its immuno-oncology treatment for non-small cell lung cancer after "strong efficacy" of its durvalumab drug shown in recent internal and external data as well as "significant opportunities in the competitive landscape".
Cairn Energy upbeat ahead of ''eventful' year
Cairn Energy posted a pre-close trading update on Tuesday, informing the market on its recent operations and current guidance ahead of its preliminary results for the year to 31 December, which will be announced on 8 March.
Cape secures scaffolding contract in Saudi Arabia
Cape, which provides critical industrial services to the energy and natural resources sector, has secured a scaffolding contract in Saudi Arabia from Daewoo.
Rio Tinto hails strong 2016 as iron ore production hits target
Mining giant Rio Tinto hailed a strong operational performance in 2016 with an on-target increase in iron ore production.
Amec Foster Wheeler secures £35m MoD contract
Amec Foster Wheeler has been awarded a contract worth about £35m to supply the UK Ministry of Defence with research and technology services.
Provident Financial bang on the money through fourth quarter
With all its non-standard lending divisions trading well through the important fourth quarter Provident Financial said full year results would be in line with market expectations and that its funding position remained strong.
Tullow makes new oil discovery in Kenya
Tullow Oil has made a new oil discovery at the Erut-1 well in Block 13T in Northern Kenya.
BAT inhaling all of Reynolds in $49.4bn deal
British American Tobacco took the plastic film off another industry consolidation effort on Tuesday, announcing it was buying the 57. 8% of Reynolds American it doesn’t already own in an agreed cash-and-shares offer worth $49. 4bn.
London pre-open: Stocks seen lower ahead of May speech, inflation data
Stocks in London were set to open a little lower on Tuesday as investors eyed the release of UK inflation data and a speech by Prime Minister Theresa May on her plans for Brexit.