Market Report
Columbus Energy extends production service contract at Inniss Trinity
Trinidad and Suriname-focussed oil and gas explorer and producer Columbus Energy Resources announced the extension of the Inniss Trinity Incremental Production Service Contract on Tuesday.
Symphony International invests in property software firm Smarten Spaces
Symphony International Holdings has, through a wholly-owned subsidiary, entered into a transaction for an investment in Smarten Spaces (SSPL) - a Singapore-based software-as-a-service provider that provides software solutions for space management in commercial and industrial properties, it announced on Tuesday.
Tough art market dents FIH Group first half
UK and Falkland Islands-focussed services company FIH Group said it saw a resilient performance in its first half on Tuesday, despite market pressures, with group revenue declining slightly to £19. 4m from £19. 6m.
German investor sentiment improves more than expected
German investor sentiment improved more than expected in November amid growing optimism about Sino-US trade relations, according to the latest survey from the ZEW Center for European Economic Research in Manheim.
SDX Energy begins production at South Disouq concession
Oil and gas explorer SDX Energy has commenced production at the South Disouq concession in Egypt, with all four discovery wells now hooked up to the central processing facility.
Morrisons sales drop as big four supermarkets lose market share
Morrisons was the worst performer among the big four supermarkets in the 12 weeks to 3 November, according to data from market research firm Kantar.
Telit Communications' growing revenues push EBITDA past expectations
Internet of Things enabler Telit Communications saw year-to-date underlying earnings come in slightly ahead of expectations as revenues continued to grow during the first nine months of the year.
Anglo American upgrades Brazil iron ore guidance
Anglo American on Tuesday upgraded 2019 production guidance for its Brazilian Minas-Rio iron ore operation by 10% to roughly 23m tonnes.
B&M European Value Retail launches strategic review of German business
Shares of B&M European Value Retail slumped on Tuesday as the discounter said it has undertaken a strategic review to determine the future of its German business, Jawoll.
Electrocomponents shares slide as it reports mixed first half
Electrocomponents described a first half of growth driven by market share gains on Tuesday, reporting a 7. 3% improvement in revenue - or 4. 5% on a like-for-like basis.
Europe open: Markets rise as Trump expected to delay EU tariffs
European stocks were higher on Tuesday morning, as auto stocks rose on the back of reports that US President Donald Trump will delay plans for tariffs.
DCC profits rise as it acquires Florida's Ion Laboratories
Sales, marketing and support services company DCC reported a “strong” first half performance on Tuesday, with group adjusted operating profit increasing 14. 5% - or 13. 7% on a constant currency basis - to £162. 6m, in line with expectations.
Land Securities swings to loss amid challenging retail market
Land Securities said on Tuesday that it swung to a loss in the first half amid challenging conditions in the retail market.
Trainline slumps as KKR sells off its shares
Trainline shares fell on Tuesday after a group of investors led by private equity firm KKR sold off their shares in the online rail booking company.
Experian lifts FY organic revenue guidance as first-half profit rises
Credit-checking firm Experian lifted its full-year organic revenue guidance on Tuesday as it reported a rise in first-half profit and revenue.
London open: Stocks edge higher ahead of jobs data
London stocks edged up in early trade on Tuesday following losses in the previous session, as investors sifted through a raft of corporate news and eyed the release of key UK jobs data.
Aggreko on track to meet FY market expectations
Temporary power supplier Aggreko said on Tuesday that it was on track to meet market expectations for the year.
Meggitt upgrades full-year revenue forecasts, DCC turns in strong first half
London open The FTSE 100 is expected to open 22 points higher on Tuesday, having closed down 0. 42% at 7,328. 54 on Monday.
London pre-open: Stocks to edge up ahead of jobs data
London stocks were set to edge up at the open on Tuesday as investors eyed the release of key UK jobs data.
Tuesday newspaper round-up: Boeing, Revolut, HS2, business rates
Boeing said on Monday it could have its fleet of 737 Max jets flying again by January as safety checks on the aircraft’s troubled flight software reach completion. The planes were grounded in March in the wake of two fatal crashes in the space of five months that killed 346 people. The world’s biggest planemaker said it hoped the Federal Aviation Administration would approve certification of the plane’s flight control software before the end of the year. A fault with the plane’s anti-stall mechanism is believed to have caused the Lionair crash in Indonesia last October and then the Ethiopian Airlines disaster in March.