Market Report
Redx impresses with appointment of AstraZeneca veteran as new CEO
AIM-quoted drug discovery and development firm Redx has found its new chief executive officer in former AstraZeneca UK president Lisa Anson, marking a "new beginning" as the company sought to build a "substantial biotech company".
Shearwater portfolio company secures contract with FTSE 100 group
AIM-listed digital resilience group Shearwater said on Tuesday that its portfolio company, Xcina, has been appointed as an approved supplier of data and information assurance solutions to a global FTSE 100 company, and has won an initial payment card industry data security standard architecture review contract worth £0. 2m.
German business confidence deteriorates in April - Ifo
German business confidence deteriorated in April, according to a widely-followed survey released on Tuesday.
Vitesse Media tanks as losses grow, FD quits
Digital media and events business Vitesse Media warned investors on Tuesday that annual losses would be bigger than hoped and that its finance director was leaving.
Marlowe buys Birmingham-based Island Fire Protection for up to £1.1m
AIM-listed support services group Marlowe has acquired Birmingham-based Island Fire Protection for a total enterprise value of up to £1. 1m, to be funded from the group's existing cash resources.
Pantheon International manages small NAV per share improvement in March
Pantheon International announced an unaudited net asset value per share of 2,263. 8p as at 31 March in its performance update for the month on Tuesday - an increase of 18. 8p, or 0. 8%, from 28 February.
London open: Stocks rise amid rallying oil prices, lacklustre pound
London stocks rose in early trade on Tuesday, helped along by a lacklustre pound and rising oil prices.
Polymetal buys rest of Prognoz in $140m share deal
Polymetal International has acquired a 50% stake in the Prognoz silver property for $140m in Polymetal shares, it announced on Tuesday, resulting in it now owning 100% of Prognoz.
Polymetal exercises call to buy remaining 75pc of Nezhda property
Polymetal International has served an exercise notice for the call option to buy out the remaining 75. 3% stake in the Nezhda gold property, it announced on Tuesday.
Petrofac sells off deep-water project to pay down debt
Petrofac has sold the rights to the JSD6000 deepwater installation vessel to Shanghai Zhenhua Heavy Industries for a net $167m.
Melrose makes tackling 'unacceptable' GKN aerospace a priority
Melrose Industries said its priority was tackling an "unacceptable" performance from GKN's aerospace division after profit and cash generation across the group came in below market expectations in the three months leading up to the completion of its £8bn takeover last week.
St James's Place AuM drop but net inflows beat expectations
Wealth manager St James's Place posted a drop in first-quarter assets under management on Tuesday, although gross inflows grew.
Anglo American warns of earnings impact as pipeline inspection continues
Anglo American updated the market on the inspection of its Minas-Rio iron ore pipeline in Brazil, along with the expected timeline for operations to restart on Tuesday.
Total production improves at Anglo American despite Minas Rio shutdown
Anglo American reported a 4% year-on-year increase in total production on a copper-equivalent basis in its first quarter on Tuesday, as it issued its production report for the period to 31 March.
QinetiQ to buy German airborne training services provider for EUR70m
FTSE 250 defence technology group QinetiQ has agreed to buy German airborne training services provider EIS Aircraft Operations, currently part of EIS Aircraft Group, for €70m.
AstraZeneca 'disappointed' with latest Imfinzi test results
AstraZeneca, alongside its its biologics research and development arm MedImmune, announced high-level results from the Phase III ARCTIC trial in patients with locally-advanced or metastatic non-small cell lung cancer (NSCLC) who had received at least two prior treatments on Tuesday.
LSE reports trading in line with forecasts before AGM
The London Stock Exchange reported first-quarter trading broadly in line with expectations before an annual shareholder meeting that will seek to draw a line under the group’s recent troubles.
Meggitt sells photo etching group Precision Micro for £22.5m
Meggitt has sold photo etching group Precision Micro for £22. 5m in cash.
London pre-open: Stocks to track Asian shares higher
London stocks were set for a positive open on Tuesday, tracking gains in Asia.